NASDAQ:PIIMPINJ Stock Price, Forecast & News

IMPINJ's stock was trading at $20.84 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PI stock has increased by 22.4% and is now trading at $25.51.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IMPINJ in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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IMPINJ is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
View our earnings forecast for IMPINJ.

IMPINJ Inc (NASDAQ:PI) posted its earnings results on Wednesday, July, 29th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.49) by $0.24. The business had revenue of $26.50 million for the quarter, compared to the consensus estimate of $26.80 million. IMPINJ had a negative net margin of 21.57% and a negative return on equity of 14.90%. The company's revenue was down 30.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 earnings per share.
View IMPINJ's earnings history.

5 Wall Street analysts have issued 12 month price objectives for IMPINJ's shares. Their forecasts range from $26.00 to $35.00. On average, they anticipate IMPINJ's stock price to reach $29.80 in the next year. This suggests a possible upside of 16.8% from the stock's current price.
View analysts' price targets for IMPINJ.

Media coverage about PI stock has trended positive on Friday, according to InfoTrie. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. IMPINJ earned a coverage optimism score of 2.1 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days.
View the latest news about IMPINJ.

IMPINJ saw a drop in short interest in the month of June. As of June 30th, there was short interest totaling 2,760,000 shares, a drop of 8.9% from the June 15th total of 3,030,000 shares. Based on an average daily volume of 343,000 shares, the short-interest ratio is presently 8.0 days. Currently, 13.6% of the shares of the stock are sold short.
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Some companies that are related to IMPINJ include Varex Imaging (VREX), TT Electronics (TTGPF), Microvision (MVIS), Neonode (NEON), Orbit International (ORBT), Nortech Systems (NSYS), Inrad Optics (INRD), Veritec (VRTC), Integral Technologies (ITKG), Microwave Filter (MFCO) and Uni-Pixel (UNXLQ).
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Based on aggregate information from My MarketBeat watchlists, some companies that other IMPINJ investors own include NVIDIA (NVDA), Alibaba Group (BABA), Baidu (BIDU), Micron Technology (MU), Shopify (SHOP), Editas Medicine (EDIT), Cisco Systems (CSCO), Inseego (INSG), Crispr Therapeutics (CRSP) and Walt Disney (DIS).

(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.

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

IMPINJ's stock is owned by many different retail and institutional investors. Top institutional shareholders include Frontier Capital Management Co. LLC (0.71%), UBS Group AG (0.66%), Scout Investments Inc. (0.55%), Essex Investment Management Co. LLC (0.46%), Taylor Frigon Capital Management LLC (0.42%) and Roubaix Capital LLC (0.26%). Company insiders that own IMPINJ stock include Cary Baker, Chris PhD Diorio, Daniel Patrick Gibson, Denise Masters, Eric Brodersen, Gregory Sessler, Jeffrey Dossett, Oppen Peter H Van and Tom A Alberg.
View institutional ownership trends for IMPINJ.

PI stock was sold by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Cornerstone Advisors Inc., Scout Investments Inc., and Essex Investment Management Co. LLC. Company insiders that have sold IMPINJ company stock in the last year include Chris PhD Diorio, Denise Masters, Eric Brodersen, Gregory Sessler, Jeffrey Dossett, Oppen Peter H Van, and Tom A Alberg.
View insider buying and selling activity for IMPINJ.

PI stock was acquired by a variety of institutional investors in the last quarter, including Roubaix Capital LLC, RMB Capital Management LLC, UBS Group AG, SFE Investment Counsel, Taylor Frigon Capital Management LLC, Raymond James Financial Services Advisors Inc., SOL Capital Management CO, and Moloney Securities Asset Management LLC. Company insiders that have bought IMPINJ stock in the last two years include Cary Baker, and Daniel Patrick Gibson.
View insider buying and selling activity for IMPINJ.

Shares of PI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PI stock can currently be purchased for approximately $25.51.

IMPINJ has a market capitalization of $582.90 million and generates $152.84 million in revenue each year. The company earns $-22,990,000.00 in net income (profit) each year or ($1.02) on an earnings per share basis. IMPINJ employs 282 workers across the globe.

The official website for IMPINJ is www.impinj.com.

IMPINJ's mailing address is 400 FAIRVIEW AVENUE NORTH SUITE 1200, SEATTLE WA, 98109. The company can be reached via phone at 206-517-5300 or via email at [email protected]