NASDAQ:PI - IMPINJ Stock Price, Price Target & More

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

IMPINJ Inc (NASDAQ:PI) issued its quarterly earnings results on Monday, May, 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.37) by $0.01. The business earned $25.10 million during the quarter, compared to analysts' expectations of $23.95 million. IMPINJ had a negative return on equity of 11.89% and a negative net margin of 24.95%. The company's quarterly revenue was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.01 EPS. View IMPINJ's Earnings History.

IMPINJ updated its second quarter earnings guidance on Monday, May, 7th. The company provided EPS guidance of ($0.38)-($0.30) for the period, compared to the Thomson Reuters consensus estimate of ($0.33). The company issued revenue guidance of $25-27 million, compared to the consensus revenue estimate of $24.38 million.

7 Wall Street analysts have issued twelve-month price targets for IMPINJ's shares. Their predictions range from $14.00 to $42.00. On average, they anticipate IMPINJ's stock price to reach $25.00 in the next twelve months. This suggests a possible upside of 0.1% from the stock's current price. View Analyst Ratings for IMPINJ.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IMPINJ in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Some companies that are related to IMPINJ include Vicor (VICR), Varex Imaging (VREX), TT Electronics (TTGPF), Microvision (MVIS), Orbit International (ORBT), Neonode (NEON), Inrad Optics (INRD), Nortech Systems (NSYS), Integral Technologies (ITKG), Veritec (VRTC), Microwave Filter (MFCO) and Uni-Pixel (UNXLQ).

(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 acted as the underwriters for the IPO and Needham & Company and Canaccord Genuity were co-managers.

Media coverage about PI stock has trended somewhat negative recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. IMPINJ earned a daily sentiment score of -0.02 on Accern's scale. They also gave headlines about the company an impact score of 46.43 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.

IMPINJ's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Fred Alger Management Inc. (1.09%). Company insiders that own IMPINJ stock include Chris PhD Diorio, Clinton Bybee, Eric Brodersen, Evan Fein, Jeffrey Dossett, Oppen Peter H Van and Tom A Alberg. View Institutional Ownership Trends for IMPINJ.

PI stock was acquired by a variety of institutional investors in the last quarter, including Fred Alger Management Inc.. Company insiders that have bought IMPINJ stock in the last two years include Clinton Bybee, Jeffrey Dossett, Oppen Peter H Van and Tom A Alberg. View Insider Buying and Selling for IMPINJ.

Shares of PI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of PI stock can currently be purchased for approximately $24.98.

IMPINJ has a market capitalization of $535.72 million and generates $125.30 million in revenue each year. The company earns $-17,320,000.00 in net income (profit) each year or ($0.29) on an earnings per share basis. IMPINJ employs 311 workers across the globe.

IMPINJ's mailing address is 400 FAIRVIEW AVENUE NORTH SUITE 1200, SEATTLE WA, 98109. The company can be reached via phone at 206-517-5300 or via email at [email protected]