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NASDAQ:PI

Impinj - PI Stock Forecast, Price & News

$94.52
+1.42 (+1.53%)
(As of 08/11/2022 04:35 PM ET)
Add
Compare
Today's Range
$91.69
$95.52
50-Day Range
$47.42
$95.17
52-Week Range
$39.74
$96.95
Volume
375,764 shs
Average Volume
333,017 shs
Market Capitalization
$2.42 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
1.0% 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
0.54mentions of Impinj in the last 14 days
Based on 5 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.

2.10 out of 5 stars

Computer And Technology Sector

422nd out of 658 stocks

Electronic Components, Not Elsewhere Classified Industry

4th 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.

Impinj Stock Up 1.1 %

Shares of NASDAQ:PI traded up $1.05 during trading on Thursday, hitting $94.15. 9,124 shares of the company's stock were exchanged, compared to its average volume of 392,638. The firm has a 50-day moving average price of $64.86 and a two-hundred day moving average price of $61.32. Impinj has a 1-year low of $39.74 and a 1-year high of $96.95.

Impinj (NASDAQ:PI - Get Rating) last released its earnings results on Wednesday, July 27th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $55.12 million. During the same quarter in the previous year, the business earned ($0.33) EPS. The business's quarterly revenue was up 26.4% compared to the same quarter last year. On average, sell-side analysts forecast that Impinj will post -0.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on Impinj from $78.00 to $89.00 and gave the stock a "buy" rating in a report on Thursday, July 28th. Lake Street Capital raised their price target on shares of Impinj from $87.00 to $94.00 in a research report on Thursday, July 28th. Needham & Company LLC raised their price target on Impinj from $96.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, July 28th. Piper Sandler increased their target price on Impinj from $80.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, July 28th. Finally, Roth Capital cut their price objective on Impinj from $95.00 to $76.00 in a research report on Thursday, April 28th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $93.80.

Insider Activity

In related news, Director Cathal G. Phelan sold 20,000 shares of the company's stock in a transaction dated 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 in the company, valued at $1,238,246.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Hussein Mecklai sold 435 shares of the business's stock in a transaction dated 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 transaction, the chief operating officer now owns 39,625 shares of the company's stock, valued at $2,554,227.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cathal G. Phelan sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $82.15, for a total transaction of $1,643,000.00. Following the completion of the sale, the director now directly owns 15,073 shares in the company, valued at $1,238,246.95. The disclosure for this sale can be found here. Insiders have sold 74,474 shares of company stock worth $5,959,613 in the last 90 days. Corporate insiders own 20.20% of the company's stock.

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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
8/11/2022
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
-0.9%
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
$2.42 billion
Optionable
Optionable
Beta
2.24

Key Executives














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 year. There are currently 8 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued 12-month price targets for Impinj's stock. Their PI share price forecasts range from $76.00 to $102.00. On average, they anticipate the company's stock price to reach $93.67 in the next year. This suggests that the stock has a possible downside of 0.9%.
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 start of the year. Since then, PI stock has increased by 6.6% and is now trading at $94.51.
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) announced its quarterly earnings data 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 company had revenue of $59.80 million for the quarter, compared to analyst estimates 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 firm's revenue was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 earnings per share 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 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 a price of $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 number of retail and institutional 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%), Deutsche Bank AG (0.38%) and Lisanti Capital Growth LLC (0.37%). 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 $94.51.

How much money does Impinj make?

Impinj (NASDAQ:PI) has a market capitalization of $2.42 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 8/11/2022 by MarketBeat.com Staff

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