Impinj (PI) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Impinj in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PI shares.
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6 Wall Street research analysts have issued 12 month price objectives for Impinj's stock. Their PI share price forecasts range from $115.00 to $155.00. On average, they expect the company's stock price to reach $137.00 in the next twelve months. This suggests a possible upside of 30.3% from the stock's current price.
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Impinj's stock was trading at $109.18 at the beginning of the year. Since then, PI shares have decreased by 3.7% and is now trading at $105.15.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
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Impinj, Inc. (NASDAQ:PI) issued its quarterly earnings results on Wednesday, April, 26th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by $0.02. The business earned $85.90 million during the quarter, compared to the consensus estimate of $83.50 million. Impinj had a negative trailing twelve-month return on equity of 105.37% and a negative net margin of 6.26%.

ETFs with the largest weight of Impinj (NASDAQ:PI) stock in their portfolio include Invesco DWA Technology Momentum ETF (PTF), Invesco Dynamic Semiconductors ETF (PSI), Global X Internet of Things Thematic ETF (SNSR), SPDR S&P Semiconductor ETF (XSD), Alpha Architect U.S. Quantitative Momentum ETF (QMOM), Alger Mid Cap 40 ETF (FRTY), Nuveen Small Cap Select ETF (NSCS) and AB Disruptors ETF (FWD).

Impinj updated its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $0.28-$0.33 for the period, compared to the consensus EPS estimate of $0.41. The company issued revenue guidance of $84.00 million-$87.00 million, compared to the consensus revenue estimate of $88.29 million.

47 employees have rated Impinj Chief Executive Officer Chris Diorio on Glassdoor.com. Chris Diorio has an approval rating of 73% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Impinj investors own include NVIDIA (NVDA), Alibaba Group (BABA), Baidu (BIDU), JD.com (JD), Editas Medicine (EDIT), Block (SQ), Inseego (INSG), Micron Technology (MU), Marvell Technology (MRVL) and Shopify (SHOP).

(PI) raised $69 million in an initial public offering (IPO) on Thursday, July 21st 2016. The company issued 4,600,000 shares at $14.00-$16.00 per share. RBC Capital Markets, Pacific Crest Securities (a division of KeyBanc Capital Markets) and Piper Jaffray served as the underwriters for the IPO and Needham & Company and Canaccord Genuity were co-managers.

Impinj trades on the NASDAQ under the ticker symbol "PI."

Impinj's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Sylebra Capital Ltd (10.68%), Chevy Chase Trust Holdings LLC (4.05%), Gilder Gagnon Howe & Co. LLC (3.73%), State Street Corp (2.80%), Allspring Global Investments Holdings LLC (2.57%) and Deutsche Bank AG (2.31%). Insiders that own company stock include Cary Baker, Cathal G Phelan, Cathal G Phelan, Chris PhD Diorio, Gregory Sessler, Hussein Mecklai, Jeffrey Dossett, Oppen Peter H Van, Steve Sanghi and Sylebra Capital Ltd.
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Shares of PI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PI stock can currently be purchased for approximately $105.15.

Impinj (NASDAQ:PI) has a market capitalization of $2.80 billion and generates $257.80 million in revenue each year. The company earns $-24,300,000.00 in net income (profit) each year or ($0.71) on an earnings per share basis.

The company employs 332 workers across the globe.

Impinj's mailing address is 400 FAIRVIEW AVENUE NORTH SUITE 1200, SEATTLE WA, 98109. The official website for the company is www.impinj.com. The company can be reached via phone at (206) 517-5300, via email at ir@impinj.com, or via fax at 206-517-5262.