IMPINJ Inc (PI) Trading Down 5.8%
IMPINJ Inc (NYSE:PI) traded down 5.8% during mid-day trading on Tuesday . The stock traded as low as $33.78 and last traded at $34.22, with a volume of 632,785 shares changing hands. The stock had previously closed at $36.33.
Several equities research analysts recently issued reports on the stock. Pacific Crest assumed coverage on shares of IMPINJ in a research note on Monday, August 15th. They issued an “overweight” rating and a $24.00 target price for the company. Royal Bank Of Canada assumed coverage on shares of IMPINJ in a research report on Monday, August 15th. They set an “outperform” rating and a $25.00 price objective for the company. Canaccord Genuity assumed coverage on shares of IMPINJ in a research report on Monday, August 15th. They set a “buy” rating and a $25.00 price objective for the company. RBC Capital Markets assumed coverage on shares of IMPINJ in a research report on Monday, August 15th. They set an “outperform” rating and a $25.00 price objective for the company. Finally, Needham & Company LLC assumed coverage on shares of IMPINJ in a research report on Monday, August 15th. They set a “buy” rating and a $24.00 price objective for the company. Six investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $28.67.
The stock has a 50 day moving average of $25.52 and a 200 day moving average of $24.38. The company’s market capitalization is $593.96 million.
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IMPINJ (NYSE:PI) last posted its earnings results on Thursday, September 1st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. The business had revenue of $47.60 million for the quarter, compared to the consensus estimate of $25.31 million. IMPINJ’s revenue was up 35.2% compared to the same quarter last year. Analysts anticipate that IMPINJ Inc will post $0.11 EPS for the current fiscal year.
In other IMPINJ news, Director Tom A. Alberg bought 35,714 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The stock was bought at an average cost of $14.00 per share, with a total value of $499,996.00. Following the completion of the transaction, the director now directly owns 35,714 shares in the company, valued at approximately $499,996. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
IMPINJ Company Profile
Impinj, Inc is a provider of referral and information network (RAIN) radio frequency identification (RFID) solutions that provide item intelligence in the retail, pharmaceutical, healthcare, food and beverage, and other industries. The Company’s products include reader chips, tag chips, readers, gateways and software.
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