S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden's Plan to Confiscate Your Cash? (Ad)
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Ship carrying grain for hungry Ethiopia leaves Ukraine
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Saudi Aramco's profits already $88B as oil prices stay high
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Average US gasoline price falls 45 cents to $4.10 per gallon
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden's Plan to Confiscate Your Cash? (Ad)
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Ship carrying grain for hungry Ethiopia leaves Ukraine
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Saudi Aramco's profits already $88B as oil prices stay high
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Average US gasoline price falls 45 cents to $4.10 per gallon
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden's Plan to Confiscate Your Cash? (Ad)
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Ship carrying grain for hungry Ethiopia leaves Ukraine
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Saudi Aramco's profits already $88B as oil prices stay high
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Average US gasoline price falls 45 cents to $4.10 per gallon
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden's Plan to Confiscate Your Cash? (Ad)
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Ship carrying grain for hungry Ethiopia leaves Ukraine
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Saudi Aramco's profits already $88B as oil prices stay high
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Average US gasoline price falls 45 cents to $4.10 per gallon
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
NASDAQ:PI

Impinj - PI Stock Forecast, Price & News

$97.84
+3.32 (+3.51%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$93.41
$99.00
50-Day Range
$47.42
$97.84
52-Week Range
$39.74
$99.00
Volume
524,297 shs
Average Volume
411,363 shs
Market Capitalization
$2.50 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
4.3% 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
0.89mentions of Impinj in the last 14 days
Based on 6 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.

2.17 out of 5 stars

Computer And Technology Sector

384th out of 665 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.

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.

Receive PI Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Impinj and its competitors with MarketBeat's FREE daily newsletter.

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
Receive PI Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Impinj and its competitors with MarketBeat's FREE daily newsletter.

PI Company Calendar

Last Earnings
7/27/2022
Today
8/14/2022
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
-4.3%
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
$2.50 billion
Optionable
Optionable
Beta
2.24














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 brokers 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 anticipate the company's stock price to reach $93.67 in the next twelve months. This suggests that the stock has a possible downside of 4.3%.
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 on January 1st, 2022. Since then, PI stock has increased by 10.3% and is now trading at $97.84.
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 (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.13. The business earned $59.80 million during the quarter, compared to analyst estimates 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%. The company's revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.33) EPS.

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 (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 a price of $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 many different institutional and retail investors. Top institutional shareholders include Toronado Partners LLC (2.94%), Allspring Global Investments Holdings LLC (2.75%), Victory Capital Management Inc. (2.70%), AWM Investment Company Inc. (1.94%), Northern Trust Corp (0.83%) and Scout Investments Inc. (0.58%). 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 $97.84.

How much money does Impinj make?

Impinj (NASDAQ:PI) has a market capitalization of $2.50 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 8/14/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.