Impinj - PI Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Impinj in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PI shares.
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5 Wall Street research analysts have issued 1 year target prices for Impinj's shares. Their PI share price forecasts range from $76.00 to $140.00. On average, they anticipate the company's stock price to reach $120.14 in the next twelve months. This suggests that the stock has a possible downside of 3.9%.
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Impinj's stock was trading at $109.18 at the start of the year. Since then, PI shares have increased by 14.6% and is now trading at $125.08.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
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Impinj will be holding an earnings conference call on Wednesday, February 8th 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 "2251852".

Impinj, Inc. (NASDAQ:PI) announced its quarterly earnings data on Wednesday, October, 27th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.06. The firm earned $45.19 million during the quarter, compared to analyst estimates of $44.13 million. Impinj had a negative net margin of 18.91% and a negative trailing twelve-month return on equity of 236.49%. The firm's revenue was up 60.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.54) EPS.

Impinj updated its first quarter earnings guidance on Wednesday, February, 8th. The company provided earnings per share guidance of $0.30-0.36 for the period, compared to the consensus earnings per share estimate of $0.32. The company issued revenue guidance of $82.0-85.0 million, compared to the consensus revenue estimate of $76.86 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 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 Allspring Global Investments Holdings LLC (2.09%), Scout Investments Inc. (0.40%), UBS Group AG (0.33%), Swiss National Bank (0.20%), Taylor Frigon Capital Management LLC (0.15%) and Wolverine Asset Management LLC (0.00%). Insiders that own company stock include Cary Baker, Cathal G Phelan, Cathal G Phelan, Chris PhD Diorio, Daniel Patrick Gibson, Denise Masters, Eric Brodersen, Gregory Sessler, Hussein Mecklai, Jeffrey Dossett, Oppen Peter H Van 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 $125.08.

Impinj (NASDAQ:PI) has a market capitalization of $3.24 billion and generates $190.28 million in revenue each year. The company earns $-51,260,000.00 in net income (profit) each year or ($1.77) 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.