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S&P 500   4,145.19
DOW   32,803.47
QQQ   324.52
What to Expect from the Markets in a Recession
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Bangladesh seeks China help to repatriate Rohingya refugees
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   324.52
What to Expect from the Markets in a Recession
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Bangladesh seeks China help to repatriate Rohingya refugees
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   324.52
What to Expect from the Markets in a Recession
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Bangladesh seeks China help to repatriate Rohingya refugees
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
NASDAQ:PI

Impinj - PI Stock Forecast, Price & News

$97.08
+1.91 (+2.01%)
(As of 08/8/2022 08:36 AM ET)
Add
Compare
Today's Range
$97.08
$97.08
50-Day Range
$46.25
$95.17
52-Week Range
$39.74
$97.08
Volume
808 shs
Average Volume
325,847 shs
Market Capitalization
$2.49 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$93.67

Impinj MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
1.6% Downside
$93.67 Price Target
Short Interest
Healthy
9.26% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.68
Upright™ Environmental Score
News Sentiment
-0.12mentions of Impinj in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$5.96 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.99) to ($0.61) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.95 out of 5 stars

Computer And Technology Sector

492nd out of 835 stocks

Electronic Components, Not Elsewhere Classified Industry

7th out of 12 stocks

PI stock logo

About Impinj (NASDAQ:PI) Stock

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.

Impinj Stock Performance

Shares of NASDAQ:PI opened at $95.17 on Monday. Impinj has a fifty-two week low of $39.74 and a fifty-two week high of $96.95. The company has a 50 day simple moving average of $62.18 and a two-hundred day simple moving average of $60.81. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of -43.06 and a beta of 2.24.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of Impinj from $78.00 to $89.00 and gave the stock a "buy" rating in a research note on Thursday, July 28th. Lake Street Capital boosted their price target on shares of Impinj from $87.00 to $94.00 in a research note on Thursday, July 28th. Piper Sandler boosted their price target on shares of Impinj from $80.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, July 28th. Roth Capital lowered their price target on shares of Impinj from $95.00 to $76.00 in a research note on Thursday, April 28th. Finally, Needham & Company LLC boosted their price target on shares of Impinj from $96.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to MarketBeat, Impinj presently has an average rating of "Moderate Buy" and an average price target of $93.80.

Insider Activity at Impinj

In related news, CFO Cary Baker sold 1,458 shares of the firm's stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $43.24, for a total transaction of $63,043.92. Following the completion of the sale, the chief financial officer now owns 36,666 shares of the company's stock, valued at $1,585,437.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Cary Baker sold 1,458 shares of the firm's stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $43.24, for a total value of $63,043.92. Following the sale, the chief financial officer now owns 36,666 shares in the company, valued at $1,585,437.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Hussein Mecklai sold 435 shares of the firm's stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $64.46, for a total transaction of $28,040.10. Following the completion of the sale, the chief operating officer now owns 39,625 shares in the company, valued at approximately $2,554,227.50. The disclosure for this sale can be found here. Insiders sold 74,474 shares of company stock valued at $5,959,613 over the last 90 days. Corporate insiders own 20.20% of the company's stock.

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PI Stock News Headlines

Cary Baker Sells 3,000 Shares of Impinj, Inc. (NASDAQ:PI) Stock
Impinj, Inc. (NASDAQ:PI) CRO Jeffrey Dossett Sells 6,612 Shares
Cary Baker Sells 7,875 Shares of Impinj, Inc. (NASDAQ:PI) Stock
Impinj (NASDAQ:PI) Shares Gap Up on Strong Earnings
Why Impinj Stock Is Skyrocketing Today
Impinj (PI) Beats Q2 Earnings and Revenue Estimates
See More Headlines
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PI Company Calendar

Last Earnings
7/27/2022
Today
8/08/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electronic components, not elsewhere classified
Sub-Industry
N/A
Employees
332
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$93.67
High Stock Price Forecast
$102.00
Low Stock Price Forecast
$76.00
Forecasted Upside/Downside
-3.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
8 Analysts

Profitability

Net Income
$-51,260,000.00
Pretax Margin
-26.02%

Debt

Sales & Book Value

Annual Sales
$190.28 million
Book Value
($0.45) per share

Miscellaneous

Free Float
20,429,000
Market Cap
$2.49 billion
Optionable
Optionable
Beta
2.24














PI Stock - Frequently Asked Questions

Should I buy or sell Impinj stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Impinj in the last twelve months. There are currently 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Impinj stock.
View analyst ratings for Impinj
or view top-rated stocks.

What is Impinj's stock price forecast for 2022?

8 equities research analysts have issued 12 month price objectives for Impinj's shares. Their PI stock forecasts range from $76.00 to $102.00. On average, they anticipate Impinj's stock price to reach $93.67 in the next twelve months. This suggests that the stock has a possible downside of 1.6%.
View analysts' price targets for Impinj
or view top-rated stocks among Wall Street analysts.

How has Impinj's stock performed in 2022?

Impinj's stock was trading at $88.70 at the beginning of the year. Since then, PI shares have increased by 7.3% and is now trading at $95.17.
View the best growth stocks for 2022 here
.

Are investors shorting Impinj?

Impinj saw a drop in short interest in the month of July. As of July 15th, there was short interest totaling 2,370,000 shares, a drop of 15.4% from the June 30th total of 2,800,000 shares. Based on an average trading volume of 308,500 shares, the days-to-cover ratio is currently 7.7 days.
View Impinj's Short Interest
.

When is Impinj's next earnings date?

Impinj is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our earnings forecast for Impinj
.

How were Impinj's earnings last quarter?

Impinj, Inc. (NASDAQ:PI) issued its quarterly earnings results on Wednesday, July, 27th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.13. The firm earned $59.80 million during the quarter, compared to the consensus estimate of $55.12 million. Impinj had a negative net margin of 26.07% and a negative trailing twelve-month return on equity of 236.49%. The business's revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.33) earnings per share.

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

Impinj issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $0.15-$0.20 for the period, compared to the consensus earnings per share estimate of $0.03. The company issued revenue guidance of $63.50 million-$65.50 million, compared to the consensus revenue estimate of $58.70 million.

What is Chris Diorio's approval rating as Impinj's CEO?

47 employees have rated Impinj CEO Chris Diorio on Glassdoor.com. Chris Diorio has an approval rating of 73% among Impinj's employees.

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), JD.com (JD), Editas Medicine (EDIT), Block (SQ), Inseego (INSG), Micron Technology (MU), Marvell Technology (MRVL) and Shopify (SHOP).

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 served 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 variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (2.75%), Victory Capital Management Inc. (2.70%), Scout Investments Inc. (0.58%), Royce & Associates LP (0.56%), Lisanti Capital Growth LLC (0.37%) and Taylor Frigon Capital Management LLC (0.36%). Company insiders that own Impinj 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, Sylebra Capital Ltd and Tom A Alberg.
View institutional ownership trends for Impinj
.

How do I buy shares of Impinj?

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.
Compare Top Brokerages Here.

What is Impinj's stock price today?

One share of PI stock can currently be purchased for approximately $95.17.

How much money does Impinj make?

Impinj (NASDAQ:PI) has a market capitalization of $2.44 billion and generates $190.28 million in revenue each year. The company earns $-51,260,000.00 in net income (profit) each year or ($2.21) on an earnings per share basis.

How many employees does Impinj have?

Impinj employs 332 workers across the globe.

How can I contact Impinj?

Impinj's mailing address is 400 FAIRVIEW AVENUE NORTH SUITE 1200, SEATTLE WA, 98109. The official website for Impinj 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.

This page (NASDAQ:PI) was last updated on 8/8/2022 by MarketBeat.com Staff

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