NASDAQ:PIIMPINJ Stock Price, Forecast & News

IMPINJ's stock was trading at $20.84 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PI shares have increased by 23.7% and is now trading at $25.78.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IMPINJ in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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IMPINJ is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
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IMPINJ Inc (NASDAQ:PI) announced its quarterly earnings results on Wednesday, July, 29th. The company reported ($0.25) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.49) by $0.24. The business had revenue of $26.50 million for the quarter, compared to analysts' expectations of $26.80 million. IMPINJ had a negative net margin of 21.57% and a negative return on equity of 14.90%. The company's quarterly revenue was down 30.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 earnings per share.
View IMPINJ's earnings history.

5 brokerages have issued 1 year price targets for IMPINJ's stock. Their forecasts range from $26.00 to $35.00. On average, they anticipate IMPINJ's stock price to reach $29.80 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price.
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Media headlines about PI stock have trended very positive on Thursday, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. IMPINJ earned a media sentiment score of 3.2 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the company's share price in the immediate future.
View the latest news about IMPINJ.

IMPINJ saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 2,760,000 shares, a decrease of 8.9% from the June 15th total of 3,030,000 shares. Based on an average trading volume of 343,000 shares, the short-interest ratio is presently 8.0 days. Approximately 13.6% of the shares of the stock are sold short.
View IMPINJ's Current Options Chain.

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

(PI) raised $69 million in an initial public offering 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.

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 Frontier Capital Management Co. LLC (0.71%), UBS Group AG (0.66%), Scout Investments Inc. (0.55%), Essex Investment Management Co. LLC (0.46%), Taylor Frigon Capital Management LLC (0.42%) and Roubaix Capital LLC (0.26%). 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.

PI stock was sold by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Cornerstone Advisors Inc., Scout Investments Inc., and Essex Investment Management Co. LLC. 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.

PI stock was acquired by a variety of institutional investors in the last quarter, including Roubaix Capital LLC, RMB Capital Management LLC, UBS Group AG, SFE Investment Counsel, Taylor Frigon Capital Management LLC, Raymond James Financial Services Advisors Inc., SOL Capital Management CO, and Moloney Securities 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.

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.

One share of PI stock can currently be purchased for approximately $25.78.

IMPINJ has a market capitalization of $589.20 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.

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

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]