About Impinj (NASDAQ:PI)
Impinj, Inc. is a provider of RAIN radio frequency identification (RFID) solutions. The Company sells a platform that includes endpoint integrated circuits (ICs), reader ICs, readers and gateways that enable wireless connectivity to everyday items, and software that delivers Item Intelligence from endpoint reads. The Impinj Platform connects billions of everyday items, such as apparel, medical supplies, automobile parts, drivers' licenses, food and luggage to applications, such as inventory management, patient safety, asset tracking and item authentication, delivering real-time information to businesses about items they create, manage, transport and sell. The Impinj Platform wirelessly delivers information about these items' identity, location and authenticity, or Item Intelligence, to the digital world.
Industry, Sector and Symbol:
- Industry: RFID Systems
- Sub-Industry: N/A
- Sector: RFID Systems
- Symbol: NASDAQ:PI
- Previous Symbol: NYSE:PI
- CUSIP: N/A
- Web: www.impinj.com
- Debt-to-Equity Ratio: 0.06%
- Current Ratio: 7.49%
- Quick Ratio: 4.97%
Sales & Book Value:
- Annual Sales: $112.29 million
- Price / Sales: 4.72
- Cash Flow: $0.06 per share
- Price / Cash: 443.44
- Book Value: $5.99 per share
- Price / Book: 4.23
- Trailing EPS: ($0.38)
- Net Income: ($1,670,000.00)
- Net Margins: -5.97%
- Return on Equity: -1.15%
- Return on Assets: -0.87%
- Employees: 245
- Outstanding Shares: 20,960,000
Frequently Asked Questions for Impinj (NASDAQ:PI)
What is Impinj's stock symbol?
Impinj trades on the NASDAQ under the ticker symbol "PI."
How were Impinj's earnings last quarter?
Impinj, Inc. (NASDAQ:PI) announced its quarterly earnings data on Wednesday, November, 1st. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by $0.04. The company had revenue of $32.60 million for the quarter, compared to the consensus estimate of $32.58 million. Impinj had a negative net margin of 5.97% and a negative return on equity of 1.15%. The company's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS. View Impinj's Earnings History.
When will Impinj make its next earnings announcement?
What guidance has Impinj issued on next quarter's earnings?
Impinj issued an update on its fourth quarter earnings guidance on Wednesday, November, 1st. The company provided earnings per share (EPS) guidance of -0.24-0.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.01. The company issued revenue guidance of $28.25-29.75 million, compared to the consensus revenue estimate of $35.42 million.
Where is Impinj's stock going? Where will Impinj's stock price be in 2017?
7 brokerages have issued 1 year target prices for Impinj's stock. Their forecasts range from $29.00 to $42.00. On average, they expect Impinj's stock price to reach $36.20 in the next twelve months. View Analyst Ratings for Impinj.
What are Wall Street analysts saying about Impinj stock?
Here are some recent quotes from research analysts about Impinj stock:
- 1. According to Zacks Investment Research, "Impinj, Inc. is a provider of referral and information network radio frequency identification solutions to the retail, pharmaceutical, healthcare, food and beverage and other industries. The company's products include Indy Reader Chips which consists of integrated radio chips and supporting SDKs; Monza Tag Chips, which deliver memory options and extended features to RFID tags and Speedway fixed RFID readers and antennas for RFID-based information. Impinj, Inc. is based in Seattle, Washington. " (11/7/2017)
- 2. Morgan Stanley analysts commented, "higher burden" on estimate revisions for future gains, the analyst argued. In fact, this multiple expansion now implies investors are better off finding better "opportunities to put new money to work."Math Behind The Price TargetThe analyst's $51 price target is based on a 5.5x EV/S multiple on 2018's estimates which represents an increase from his prior estimate of 4.2x. The higher multiple is justified based on how the company screens favorably versus semiconductor and software comps.Impinj is expected to grow sales at a 28-percent compounded annual growth rate through 2018, which is above the 20 percent median for growth semi comps, Hettenbach continued. The stock is also trading at a 5.8x EV to 2018 sales, also above fast-growing semiconductor peers at 4.0x, SMID cap software companies at 4.7x, and Russell 2000 companies that have an expected CAR of over 25 percent at 5.0x.Finally, investors who still insist on buying the stock may find better opportunities to do so in the future given the volatile nature of small-cap stocks.Bottom line, the analyst is bullish on the company's prospects and leadership position but investors should "want to be disciplined on valuation." (6/19/2017)
Who are some of Impinj's key competitors?
Some companies that are related to Impinj include Ignyta (RXDX), Lexicon Pharmaceuticals (LXRX), Meridian Bancorp (EBSB), Cresud S.A.C.I.F. y A. (CRESY), Editas Medicine (EDIT), Infinera (INFN), Strayer Education (STRA), ABAXIS (ABAX), City Holding Company (CHCO), Arena Pharmaceuticals (ARNA), Athenex (ATNX), CEVA (CEVA), Qiwi Plc (QIWI), CIM Commercial Trust Corporation (CMCT), Marten Transport (MRTN), Silver Standard Resources (SSRM), Fanhua (FANH) and AeroVironment (AVAV).
Who are Impinj's key executives?
Impinj's management team includes the folowing people:
- Peter Van Oppen, Chairman of the Board (Age 64)
- Eric Brodersen, President, Chief Operating Officer (Age 50)
- Chris Diorio Ph.D., Chief Executive Officer, Vice Chairman of the Board, Co-Founder (Age 55)
- Evan Fein, Chief Financial Officer (Age 45)
- John Quist, Senior Vice President - Operations (Age 50)
- Jennifer Armstrong-Owen, Vice President - People, Environment, and Culture
- Tom A. Alberg, Independent Director (Age 77)
- Clinton W. Bybee, Independent Director (Age 54)
- Gregory Sessler, Independent Director (Age 64)
- Theresa Wise, Independent Director (Age 50)
When did Impinj IPO?
(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.
Who owns Impinj stock?
Impinj's stock is owned by a number of of institutional and retail investors. Top institutional investors include Gilder Gagnon Howe & Co. LLC (10.46%), Allianz Asset Management GmbH (3.70%), Hood River Capital Management LLC (3.53%), Bank of New York Mellon Corp (3.19%), Chevy Chase Trust Holdings Inc. (3.07%) and Sumitomo Mitsui Asset Management Company LTD (3.08%). Company insiders that own Impinj stock include Chris PhD Diorio, Clinton Bybee, Eric Brodersen, Evan Fein, Oppen Peter H Van and Tom A Alberg. View Institutional Ownership Trends for Impinj.
Who sold Impinj stock? Who is selling Impinj stock?
Impinj's stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Clarius Group LLC, Macquarie Group Ltd., Nationwide Fund Advisors, Tocqueville Asset Management L.P., Russell Investments Group Ltd., Sigma Planning Corp and California State Teachers Retirement System. Company insiders that have sold Impinj company stock in the last year include Chris PhD Diorio, Eric Brodersen, Evan Fein and Oppen Peter H Van. View Insider Buying and Selling for Impinj.
Who bought Impinj stock? Who is buying Impinj stock?
Impinj's stock was acquired by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, Sumitomo Mitsui Asset Management Company LTD, Chevy Chase Trust Holdings Inc., Gilder Gagnon Howe & Co. LLC, Schwab Charles Investment Management Inc., Victory Capital Management Inc., Bamco Inc. NY and Neuberger Berman Group LLC. Company insiders that have bought Impinj stock in the last two years include Clinton Bybee and Tom A Alberg. View Insider Buying and Selling for Impinj.
How do I buy Impinj stock?
Shares of Impinj 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.
What is Impinj's stock price today?
One share of Impinj stock can currently be purchased for approximately $25.31.
How big of a company is Impinj?
Impinj has a market capitalization of $532.34 million and generates $112.29 million in revenue each year. The company earns ($1,670,000.00) in net income (profit) each year or ($0.38) on an earnings per share basis. Impinj employs 245 workers across the globe.
How can I contact Impinj?
Impinj's mailing address is 400 Fairview Ave N Ste 1200, SEATTLE, WA 98109-5371, United States. The company can be reached via phone at +1-206-5175300 or via email at [email protected]
MarketBeat Community Rating for Impinj (NASDAQ PI)MarketBeat's community ratings are surveys of what our community members think about Impinj and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Impinj (NASDAQ:PI) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 3 Hold Ratings, 4 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.57)|
|Consensus Price Target: ||$36.20 (43.03% upside)|
Consensus Price Target History for Impinj (NASDAQ:PI)
Analysts' Ratings History for Impinj (NASDAQ:PI)
(Data available from 11/18/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/2/2017||Dougherty & Co||Lower Price Target||Buy||$62.00 -> $42.00||N/A|
|11/2/2017||Morgan Stanley||Lower Price Target||Equal Weight||$37.00 -> $29.00||N/A|
|11/2/2017||Needham & Company LLC||Reiterated Rating||Buy -> Buy||$45.00 -> $34.00||N/A|
|11/2/2017||Canaccord Genuity||Reiterated Rating||Buy||$50.00 -> $35.00||N/A|
|11/2/2017||Piper Jaffray Companies||Downgrade||Overweight -> Neutral||N/A|
|11/2/2017||Royal Bank Of Canada||Lower Price Target||Outperform -> Outperform||$50.00 -> $41.00||N/A|
|11/4/2016||Pacific Crest||Reiterated Rating||Buy||$36.00||N/A|
Earnings History and Estimates Chart for Impinj (NASDAQ:PI)
Earnings History by Quarter for Impinj (NASDAQ PI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/1/2017||Q3 2017||($0.04)||($0.08)||$32.58 million||$32.60 million||View||N/A|
|8/3/2017||Q2 2017||$0.02||$0.06||$33.41 million||$34.10 million||View||Listen|
|5/4/2017||Q1 2017||($0.01)||$0.01||$30.81 million||$31.70 million||View||Listen|
|2/16/2017||Q4 2016||$0.09||$0.11||$32.39 million||$33.70 million||View||Listen|
|11/3/2016||Q3||$0.06||$0.10||$28.39 million||$31.00 million||View||Listen|
|9/1/2016||Q2||$0.02||$0.06||$25.31 million||$47.60 million||View||Listen|
Earnings Estimates for Impinj (NASDAQ:PI)
Current Year EPS Consensus Estimate: $-0.31 EPS
Next Year EPS Consensus Estimate: $-0.42 EPS
Dividend History for Impinj (NASDAQ:PI)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Impinj (NASDAQ PI)
Insider Ownership Percentage: 15.20%
Institutional Ownership Percentage: 75.40%
Insider Trades by Quarter for Impinj (NASDAQ PI)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/9/2017||Clinton Bybee||Director||Buy||4,000||$24.43||$97,720.00|| |
|10/13/2017||Eric Brodersen||Insider||Sell||7,000||$36.85||$257,950.00|| |
|9/21/2017||Eric Brodersen||Insider||Sell||7,000||$39.85||$278,950.00|| |
|9/20/2017||Eric Brodersen||COO||Sell||3,500||$39.36||$137,760.00|| |
|9/1/2017||Evan Fein||CFO||Sell||9,000||$38.00||$342,000.00|| |
|8/29/2017||Eric Brodersen||Insider||Sell||7,000||$35.81||$250,670.00|| |
|8/28/2017||Eric Brodersen||COO||Sell||3,500||$35.74||$125,090.00|| |
|7/18/2017||Eric Brodersen||Insider||Sell||7,000||$53.23||$372,610.00|| |
|7/17/2017||Eric Brodersen||COO||Sell||3,500||$53.21||$186,235.00|| |
|6/16/2017||Evan Fein||CFO||Sell||10,000||$53.19||$531,900.00|| |
|6/14/2017||Eric Brodersen||Insider||Sell||7,000||$46.93||$328,510.00|| |
|6/1/2017||Evan Fein||CFO||Sell||9,000||$43.68||$393,120.00|| |
|5/22/2017||Oppen Peter H Van||Director||Sell||24,166||$44.02||$1,063,787.32|| |
|5/17/2017||Oppen Peter H Van||Director||Sell||25,000||$39.25||$981,250.00|| |
|5/5/2017||Evan Fein||CFO||Sell||10,207||$41.54||$423,998.78|| |
|5/4/2017||Eric Brodersen||Insider||Sell||7,000||$36.64||$256,480.00|| |
|4/20/2017||Eric Brodersen||Insider||Sell||10,200||$35.31||$360,162.00|| |
|3/22/2017||Eric Brodersen||Insider||Sell||5,400||$28.36||$153,144.00|| |
|2/28/2017||Eric Brodersen||Insider||Sell||5,400||$28.99||$156,546.00|| |
|12/7/2016||Chris Ph.D. Diorio||CEO||Sell||80,000||$27.00||$2,160,000.00|| |
|7/26/2016||Tom A Alberg||Director||Buy||35,714||$14.00||$499,996.00|| |
Headline Trends for Impinj (NASDAQ:PI)
Latest Headlines for Impinj (NASDAQ PI)
Impinj (NASDAQ PI) Chart for Saturday, November, 18, 2017