Impinj - PI Stock Forecast, Price & News

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.
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8 brokerages have issued twelve-month price targets for Impinj's shares. 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 a possible upside of 4.6% from the stock's current price.
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Impinj's stock was trading at $88.70 on January 1st, 2022. Since then, PI shares have increased by 0.9% and is now trading at $89.53.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
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Impinj, Inc. (NASDAQ:PI) posted its quarterly earnings results on Wednesday, July, 27th. The company reported ($0.32) EPS for the quarter, beating analysts' consensus estimates of ($0.43) by $0.11. The firm had revenue of $59.80 million for the quarter, compared to analysts' expectations 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 period last year, the business earned ($0.33) EPS.

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 EPS 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.

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.

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).

(PI) raised $69 million in an 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.

Impinj trades on the NASDAQ under the ticker symbol "PI."

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.
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One share of PI stock can currently be purchased for approximately $89.53.

Impinj (NASDAQ:PI) has a market capitalization of $2.29 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.

The company employs 332 workers across the globe.

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.