IMPINJ Inc (NASDAQ:PI) – Stock analysts at Dougherty & Co issued their FY2021 EPS estimates for shares of IMPINJ in a research note issued to investors on Wednesday, January 1st. Dougherty & Co analyst C. Anderson anticipates that the company will earn $0.26 per share for the year.
A number of other brokerages have also recently issued reports on PI. Zacks Investment Research cut IMPINJ from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. TheStreet cut IMPINJ from a “c-” rating to a “d+” rating in a research report on Tuesday, December 31st. Needham & Company LLC raised IMPINJ from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Tuesday, December 17th. ValuEngine cut IMPINJ from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 11th. Finally, BidaskClub cut IMPINJ from a “sell” rating to a “strong sell” rating in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. IMPINJ has a consensus rating of “Hold” and a consensus price target of $37.40.
Shares of NASDAQ PI opened at $26.83 on Monday. The stock has a market cap of $586.40 million, a PE ratio of -39.46, a price-to-earnings-growth ratio of 25.24 and a beta of 2.47. The company has a quick ratio of 4.21, a current ratio of 5.90 and a debt-to-equity ratio of 0.39. IMPINJ has a 52-week low of $14.00 and a 52-week high of $40.24. The business has a 50-day moving average price of $29.49 and a 200 day moving average price of $32.43.
IMPINJ (NASDAQ:PI) last announced its earnings results on Monday, November 4th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.10. The firm had revenue of $40.76 million during the quarter, compared to analysts’ expectations of $38.21 million. IMPINJ had a negative return on equity of 1.81% and a negative net margin of 14.52%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS.
Several hedge funds have recently modified their holdings of PI. Hussman Strategic Advisors Inc. purchased a new position in shares of IMPINJ during the 3rd quarter worth approximately $31,000. Oppenheimer Asset Management Inc. purchased a new position in IMPINJ in the 2nd quarter valued at approximately $34,000. Bank of Montreal Can purchased a new position in IMPINJ in the 2nd quarter valued at approximately $36,000. Tower Research Capital LLC TRC purchased a new position in IMPINJ in the 3rd quarter valued at approximately $61,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in IMPINJ by 215.7% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,169 shares of the company’s stock valued at $64,000 after purchasing an additional 1,482 shares in the last quarter. 77.23% of the stock is owned by institutional investors and hedge funds.
In other news, COO Eric Brodersen sold 3,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $30.64, for a total transaction of $91,920.00. Following the completion of the transaction, the chief operating officer now directly owns 2,600 shares of the company’s stock, valued at approximately $79,664. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Tom A. Alberg sold 12,500 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $36.00, for a total value of $450,000.00. Following the transaction, the director now directly owns 74,769 shares of the company’s stock, valued at $2,691,684. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,250 shares of company stock valued at $1,525,948. 28.00% of the stock is owned by company insiders.
About IMPINJ
Impinj, Inc operates a platform that enables wireless connectivity for everyday items by delivering each item’s unique identity, location, and authenticity to business and consumer applications. Its integrated platform connects everyday items to applications, delivering real-time information to businesses about items they create, manage, transport, and sell.