NASDAQ:PIIMPINJ Stock Price, Forecast & News

$25.85

-0.08 (-0.31 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$25.20

Now: $25.85▼

$26.58

50-Day Range

$16.34

MA: $21.78▼

$28.38

52-Week Range

$11.47

Now: $25.85▼

$40.24

Volume282,327 shs

Average Volume458,908 shs

Market Capitalization$586.20 million

P/E RatioN/A

Dividend YieldN/A

Beta2.56

Impinj, Inc. operates a platform that enables wireless connectivity for everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. Its integrated platform connects everyday items to applications, delivering real-time information to businesses about items they create, manage, transport, and sell. The company's platform includes endpoint integrated circuits (ICs), a miniature radios-on-a-chip, which attach-to and identify their host items; and connectivity layer that comprises reader ICs and modules, readers, and gateways to wirelessly identify, locate, authenticate, and engage items, as well as provide power to and communicate bidirectionally with endpoint ICs. Its platform also consists of software layer that comprises ItemSense, a distributed operating system for its platform. The company primarily serves retail, supply chain and logistics, aviation, automotive, healthcare, industrial and manufacturing, sports, food, datacenter, travel, banking, and linen and uniform tracking sectors through distributors, system integrators, value-added resellers, and software solution partners in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Impinj, Inc. was founded in 2000 and is headquartered in Seattle, Washington.

Beat the Market (BTM) Rank^™

2.4 Analyst's Opinion

Consensus Rating
IMPINJ has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $31.50, IMPINJ has a potential upside of 21.9% from its current price of $25.85.
Amount of Analyst Coverage
IMPINJ has only been the subject of 4 research reports in the past 90 days.

2.7 Community Rank

Outperform Votes
IMPINJ has received 371 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
IMPINJ has received 311 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
IMPINJ has received 54.40% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about IMPINJ and other stocks. Vote “Outperform” if you believe PI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PI will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
IMPINJ does not currently pay a dividend.
Dividend Growth
IMPINJ does not have a long track record of dividend growth.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, IMPINJ insiders have bought 260.50% more of their company's stock than they have sold. Specifically, they have bought $2,082,700.00 in company stock and sold $577,720.00 in company stock.
Percentage Held by Insiders
Only 28.00% of the stock of IMPINJ is held by insiders.
Percentage Held by Institutions
84.61% of the stock of IMPINJ is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for IMPINJ are expected to grow in the coming year, from ($1.45) to ($1.13) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of IMPINJ is -28.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of IMPINJ is -28.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
IMPINJ has a P/B Ratio of 4.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.94 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Electronic components, not elsewhere classified

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:PI

Previous SymbolNYSE:PI

CUSIPN/A

CIK1114995

Webwww.impinj.com

Phone206-517-5300

Debt

Debt-to-Equity Ratio0.54

Current Ratio9.20

Quick Ratio7.59

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$152.84 million

Price / Sales3.84

Cash FlowN/A

Price / Cash FlowN/A

Book Value$5.65 per share

Price / Book4.58

Profitability

EPS (Most Recent Fiscal Year)($1.02)

Net Income$-22,990,000.00

Net Margins-12.08%

Return on Equity-5.98%

Return on Assets-3.57%

Miscellaneous

Employees282

Outstanding Shares22,677,000

Market Cap$586.20 million

Next Earnings Date8/3/2020 (Estimated)

OptionableOptionable

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IMPINJ (NASDAQ:PI) Frequently Asked Questions

How has IMPINJ's stock been impacted by COVID-19 (Coronavirus)?

IMPINJ's stock was trading at $20.84 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PI stock has increased by 24.0% and is now trading at $25.85. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of IMPINJ?

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

When is IMPINJ's next earnings date?

IMPINJ is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for IMPINJ.

How were IMPINJ's earnings last quarter?

IMPINJ Inc (NASDAQ:PI) issued its quarterly earnings results on Monday, April, 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.32) by $0.45. The firm had revenue of $47.80 million for the quarter, compared to the consensus estimate of $38.37 million. IMPINJ had a negative net margin of 12.08% and a negative return on equity of 5.98%. The firm's quarterly revenue was up 44.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.11) earnings per share. View IMPINJ's earnings history.

What guidance has IMPINJ issued on next quarter's earnings?

IMPINJ issued an update on its first quarter earnings guidance on Monday, March, 2nd. The company provided earnings per share guidance of $(0.11)-0.02 for the period, compared to the Thomson Reuters consensus estimate of ($0.09). The company issued revenue guidance of $37-41 million, compared to the consensus revenue estimate of $36.05 million.

What price target have analysts set for PI?

7 equities research analysts have issued 1 year price targets for IMPINJ's shares. Their forecasts range from $21.00 to $40.00. On average, they expect IMPINJ's stock price to reach $31.50 in the next twelve months. This suggests a possible upside of 21.9% from the stock's current price. View analysts' price targets for IMPINJ.

Has IMPINJ been receiving favorable news coverage?

Media headlines about PI stock have been trending somewhat positive this week, according to InfoTrie. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. IMPINJ earned a coverage optimism score of 1.8 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutIMPINJ.

Are investors shorting IMPINJ?

IMPINJ saw a drop in short interest during the month of April. As of April 15th, there was short interest totaling 3,160,000 shares, a drop of 7.3% from the March 31st total of 3,410,000 shares. Based on an average trading volume of 480,600 shares, the days-to-cover ratio is presently 6.6 days. Approximately 15.7% of the company's stock are short sold. View IMPINJ's Current Options Chain.

Who are some of IMPINJ's key competitors?

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

What other stocks do shareholders of IMPINJ own?

Based on aggregate information from My MarketBeat watchlists, some companies that other IMPINJ investors own include NVIDIA (NVDA), Alibaba Group (BABA), Baidu (BIDU), Micron Technology (MU), Shopify (SHOP), Editas Medicine (EDIT), Cisco Systems (CSCO), Inseego (INSG), Crispr Therapeutics (CRSP) and Walt Disney (DIS).

Who are IMPINJ's key executives?

IMPINJ's management team includes the following people:

Dr. Chris Diorio, Co-Founder, Vice Chairman & CEO (Age 57)
Mr. Eric Brodersen, Pres, COO & Principal Financial Officer (Age 52)
Mr. Jeffrey Dossett, Exec. VP of Sales & Marketing (Age 58)
Ms. Denise Masters, Interim VP of Accounting & Corp. Controller (Age 45)
Mr. Yukio Morikubo, Gen. Counsel (Age 59)

When did IMPINJ IPO?

(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.

What is IMPINJ's stock symbol?

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

Who are IMPINJ's major shareholders?

IMPINJ's stock is owned by a number of retail and institutional investors. Top institutional investors include Sylebra Capital Ltd (19.39%), BlackRock Inc. (5.14%), State Street Corp (2.36%), Fred Alger Management LLC (2.18%), Nuveen Asset Management LLC (1.79%) and Two Sigma Investments LP (1.69%). Company insiders that own IMPINJ stock include Cary Baker, Chris PhD Diorio, Daniel Patrick Gibson, Denise Masters, Eric Brodersen, Gregory Sessler, Jeffrey Dossett, Oppen Peter H Van and Tom A Alberg. View institutional ownership trends for IMPINJ.

Which major investors are selling IMPINJ stock?

PI stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Tudor Investment Corp Et Al, State Street Corp, UBS Group AG, Carillon Tower Advisers Inc., Scout Investments Inc., Essex Investment Management Co. LLC, and Deutsche Bank AG. Company insiders that have sold IMPINJ company stock in the last year include Chris PhD Diorio, Denise Masters, Eric Brodersen, Gregory Sessler, Jeffrey Dossett, Oppen Peter H Van, and Tom A Alberg. View insider buying and selling activity for IMPINJ.

Which major investors are buying IMPINJ stock?

PI stock was bought by a variety of institutional investors in the last quarter, including Fred Alger Management LLC, Frontier Capital Management Co. LLC, Two Sigma Investments LP, JPMorgan Chase & Co., Polar Asset Management Partners Inc., Two Sigma Advisers LP, Sylebra Capital Ltd, and Nuveen Asset Management LLC. Company insiders that have bought IMPINJ stock in the last two years include Cary Baker, and Daniel Patrick Gibson. View insider buying and selling activity for IMPINJ.

How do I buy shares of 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, Robinhood, Fidelity, and Charles Schwab.

What is IMPINJ's stock price today?

One share of PI stock can currently be purchased for approximately $25.85.

How big of a company is IMPINJ?

IMPINJ has a market capitalization of $586.20 million and generates $152.84 million in revenue each year. The company earns $-22,990,000.00 in net income (profit) each year or ($1.02) on an earnings per share basis. IMPINJ employs 282 workers across the globe.

What is IMPINJ's official website?

The official website for IMPINJ is www.impinj.com.

How can I contact IMPINJ?

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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff