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S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
Market Wizard who made $95 million for his clients in 2008 (Ad)
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
Market Wizard who made $95 million for his clients in 2008 (Ad)
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Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Market Wizard who made $95 million for his clients in 2008 (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Gas-powered muscle cars drive into the sunset, turn electric
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
Market Wizard who made $95 million for his clients in 2008 (Ad)
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
Market Wizard who made $95 million for his clients in 2008 (Ad)
Why Blue-Chip Tech Like Cisco Systems Is Rebounding
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Market Wizard who made $95 million for his clients in 2008 (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Gas-powered muscle cars drive into the sunset, turn electric
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
Market Wizard who made $95 million for his clients in 2008 (Ad)
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
Market Wizard who made $95 million for his clients in 2008 (Ad)
Why Blue-Chip Tech Like Cisco Systems Is Rebounding
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Market Wizard who made $95 million for his clients in 2008 (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Gas-powered muscle cars drive into the sunset, turn electric
NASDAQ:PI

Impinj - PI Stock Forecast, Price & News

$97.00
+0.63 (+0.65%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$96.53
$98.88
50-Day Range
$47.42
$97.84
52-Week Range
$39.74
$99.00
Volume
187,701 shs
Average Volume
331,584 shs
Market Capitalization
$2.48 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
3.4% Downside
$93.67 Price Target
Short Interest
Healthy
7.97% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.68
Upright™ Environmental Score
News Sentiment
0.45mentions of Impinj in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$6.44 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.

2.09 out of 5 stars

Computer And Technology Sector

413th out of 660 stocks

Electronic Components, Not Elsewhere Classified Industry

6th out of 9 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.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group upped their target price 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. Needham & Company LLC increased their target price on Impinj from $96.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, July 28th. Piper Sandler boosted their price target on Impinj from $80.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, July 28th. Roth Capital dropped their price objective on Impinj from $95.00 to $76.00 in a research report on Thursday, April 28th. Finally, Lake Street Capital boosted their target price on Impinj from $87.00 to $94.00 in a research report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $93.80.

Impinj Trading Up 0.8 %

Impinj stock traded up $0.74 during mid-day trading on Thursday, hitting $97.11. The stock had a trading volume of 6,323 shares, compared to its average volume of 430,255. Impinj has a one year low of $39.74 and a one year high of $99.00. The firm has a market capitalization of $2.49 billion, a P/E ratio of -44.27 and a beta of 2.24. The firm's 50 day moving average is $69.40 and its 200 day moving average is $62.04.

Impinj (NASDAQ:PI - Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.13. Impinj had a negative return on equity of 236.49% and a negative net margin of 26.07%. The firm had revenue of $59.80 million during the quarter, compared to analyst estimates of $55.12 million. During the same quarter in the prior year, the company posted ($0.33) earnings per share. The business's quarterly revenue was up 26.4% compared to the same quarter last year. As a group, equities research analysts forecast that Impinj will post -0.99 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Hussein Mecklai sold 9,000 shares of the firm's stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $89.00, for a total transaction of $801,000.00. Following the completion of the transaction, the chief operating officer now directly owns 31,004 shares of the company's stock, valued at $2,759,356. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Hussein Mecklai sold 9,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $89.00, for a total transaction of $801,000.00. Following the completion of the transaction, the chief operating officer now directly owns 31,004 shares of the company's stock, valued at $2,759,356. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Chris Ph.D. Diorio sold 646 shares of Impinj stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $47.93, for a total value of $30,962.78. Following the completion of the sale, the chief executive officer now directly owns 314,714 shares in the company, valued at approximately $15,084,242.02. The disclosure for this sale can be found here. Insiders sold 74,474 shares of company stock worth $5,959,613 in the last three months. 20.20% of the stock is owned by company insiders.

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PI Stock News Headlines

Here's Why Impinj (PI) is a Great Momentum Stock to Buy
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
8/19/2022
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
-3.4%
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
($0.44) per share

Miscellaneous

Free Float
20,429,000
Market Cap
$2.48 billion
Optionable
Optionable
Beta
2.24

Key Executives

  • Dr. Chris Diorio Ph.D. (Age 60)
    Co-Founder, Vice Chairman & CEO
    Comp: $449.04k
  • Mr. Cary L. BakerMr. Cary L. Baker (Age 45)
    Chief Financial Officer
    Comp: $353.86k
  • Mr. Jeffrey DossettMr. Jeffrey Dossett (Age 61)
    Chief Revenue Officer
    Comp: $368.54k
  • Mr. Hussein Mecklai (Age 49)
    Chief Operating Officer
  • Ms. Denise Masters (Age 48)
    Interim VP of Accounting & Corp. Controller
  • Mr. Yukio Morikubo (Age 62)
    Gen. Counsel
  • Jill West
    VP of Strategic Communications
  • Ms. Christina Balam
    VP Of HR
  • Mr. John Quist (Age 60)
    Sr. VP of Operations
  • Andy Cobb C.F.A.
    VP of Strategic Fin.













PI Stock - Frequently Asked Questions

Should I buy or sell Impinj stock right now?

8 Wall Street equities research 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 equities research analysts is that investors should "buy" PI shares.
View PI analyst ratings
or view top-rated stocks.

What is Impinj's stock price forecast for 2022?

8 analysts have issued 12-month price objectives for Impinj's stock. Their PI share price forecasts range from $76.00 to $102.00. On average, they expect the company's stock price to reach $93.67 in the next year. This suggests that the stock has a possible downside of 3.4%.
View analysts price targets for PI
or view top-rated stocks among Wall Street analysts.

How have PI shares performed in 2022?

Impinj's stock was trading at $88.70 at the beginning of the year. Since then, PI stock has increased by 9.4% and is now trading at $97.00.
View the best growth stocks for 2022 here
.

When is Impinj's next earnings date?

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

How were Impinj's earnings last quarter?

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

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

Impinj updated its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $0.15-$0.20 for the period, compared to the consensus 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 Chief Executive Officer Chris Diorio on Glassdoor.com. Chris Diorio has an approval rating of 73% among the company'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 (IPO) 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.

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 number of institutional and retail investors. Top institutional shareholders include State Street Corp (3.55%), Toronado Partners LLC (2.94%), Allspring Global Investments Holdings LLC (2.75%), Victory Capital Management Inc. (2.70%), Driehaus Capital Management LLC (2.07%) and AWM Investment Company Inc. (1.94%). 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, Sylebra Capital Ltd and Tom A Alberg.
View institutional ownership trends
.

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 $97.00.

How much money does Impinj make?

Impinj (NASDAQ:PI) has a market capitalization of $2.48 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?

The company 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 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.

This page (NASDAQ:PI) was last updated on 8/19/2022 by MarketBeat.com Staff

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