Impinj - PI Stock Forecast, Price & News

Impinj, Inc. operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform, which comprises multiple product families, wirelessly connects individual items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item. Its platform also consists of systems products that comprise reader ICs, readers, and gateways to wirelessly provide power to and communicate bidirectionally with endpoint ICs on host items, as well as to read, write, authenticate, and engage the endpoint ICs on those items; and software and algorithms that enables its partners to deliver use cases, such as retail self-checkout and loss prevention, and warehouse pallet and carton tracking to end-users. 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. Impinj, Inc. was incorporated in 2000 and is headquartered in Seattle, Washington.

Analyst Upgrades and Downgrades

PI has been the subject of a number of research analyst reports. Needham & Company LLC boosted their target price on shares of Impinj from $96.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, July 28th. Lake Street Capital boosted their price objective on Impinj from $87.00 to $94.00 in a research report on Thursday, July 28th. Piper Sandler raised their target price on Impinj from $80.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, July 28th. The Goldman Sachs Group upped their price target on Impinj from $78.00 to $89.00 and gave the stock a "buy" rating in a report on Thursday, July 28th. Finally, Roth Capital lowered their price objective on shares of Impinj from $95.00 to $76.00 in a research note on Thursday, April 28th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $93.80.

Impinj Trading Up 3.5 %

PI opened at $97.84 on Friday. The stock's 50 day simple moving average is $66.73 and its 200-day simple moving average is $61.47. The stock has a market cap of $2.50 billion, a PE ratio of -44.27 and a beta of 2.24. Impinj has a 1 year low of $39.74 and a 1 year high of $99.00.

Impinj (NASDAQ:PI - Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.13. Impinj had a negative net margin of 26.07% and a negative return on equity of 236.49%. The firm had revenue of $59.80 million for the quarter, compared to analyst estimates of $55.12 million. During the same quarter in the previous year, the firm posted ($0.33) EPS. The business's revenue for the quarter was up 26.4% on a year-over-year basis. Equities analysts forecast that Impinj will post -0.99 earnings per share for the current fiscal year.

Insider Activity at Impinj

In other Impinj news, CFO Cary Baker sold 3,000 shares of the firm's stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $90.02, for a total transaction of $270,060.00. Following the completion of the transaction, the chief financial officer now owns 31,814 shares in the company, valued at $2,863,896.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Impinj news, CFO Cary Baker sold 3,000 shares of the company's stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $90.02, for a total value of $270,060.00. Following the sale, the chief financial officer now directly owns 31,814 shares in the company, valued at $2,863,896.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cathal G. Phelan sold 20,000 shares of Impinj stock in a transaction on Friday, July 29th. The shares were sold at an average price of $82.15, for a total value of $1,643,000.00. Following the transaction, the director now directly owns 15,073 shares of the company's stock, valued at $1,238,246.95. The disclosure for this sale can be found here. Insiders have sold a total of 74,474 shares of company stock valued at $5,959,613 over the last quarter. 20.20% of the stock is owned by company insiders.