Impinj (PI) Stock Price, News & Analysis

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Impinj in the last year. There are currently 1 sell rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PI shares.
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7 brokers have issued 12 month price targets for Impinj's stock. Their PI share price targets range from $45.00 to $160.00. On average, they anticipate the company's share price to reach $119.44 in the next year. This suggests that the stock has a possible downside of 2.2%.
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Impinj's stock was trading at $90.03 at the beginning of 2024. Since then, PI shares have increased by 35.6% and is now trading at $122.08.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
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Impinj will be holding an earnings conference call on Wednesday, April 24th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "3992794".

Impinj, Inc. (NASDAQ:PI) released its quarterly earnings data on Thursday, February, 8th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.47) by $0.11. The company earned $70.65 million during the quarter, compared to analysts' expectations of $67.10 million. Impinj had a negative net margin of 14.10% and a negative trailing twelve-month return on equity of 74.70%.

ETFs with the largest weight of Impinj (NASDAQ:PI) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD), Invesco Dorsey Wright Technology Momentum ETF (PTF), Alger Mid Cap 40 ETF (FRTY), SPDR FactSet Innovative Technology ETF (XITK), Global X Internet of Things Thematic ETF (SNSR), Fidelity Disruptive Communications ETF (FDCF) and Jacob Forward ETF (JFWD).Ranger Equity Bear ETF (HDGE).

Impinj issued an update on its first quarter 2024 earnings guidance on Thursday, February, 8th. The company provided EPS guidance of 0.080-0.130 for the period, compared to the consensus earnings per share estimate of 0.020. The company issued revenue guidance of $72.0 million-$75.0 million, compared to the consensus revenue estimate of $70.8 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).

Impinj (PI) raised $69 million in an IPO on Thursday, July 21st 2016. The company issued 4,600,000 shares at a price of $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.

Impinj's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (1.31%), Wasatch Advisors LP (0.95%), Deltec Asset Management LLC (0.02%) and Future Financial Wealth Managment LLC (0.00%). Insiders that own company stock include Cary Baker, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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