Several brokerages have updated their recommendations and price targets on shares of IMPINJ (NYSE: PI) in the last few weeks:

  • 9/4/2016 – IMPINJ had its “overweight” rating reaffirmed by analysts at Pacific Crest. They now have a $29.00 price target on the stock, up previously from $24.00.
  • 9/3/2016 – IMPINJ had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $28.00 price target on the stock, up previously from $24.00.
  • 9/1/2016 – IMPINJ had its price target raised by analysts at Royal Bank Of Canada from $25.00 to $30.00. They now have an “outperform” rating on the stock.
  • 9/1/2016 – IMPINJ had its price target raised by analysts at Piper Jaffray Cos. from $24.00 to $30.00. They now have an “overweight” rating on the stock.
  • 9/1/2016 – IMPINJ had its “outperform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $30.00 price target on the stock, up previously from $25.00.
  • 8/15/2016 – IMPINJ is now covered by analysts at Canaccord Genuity. They set a “buy” rating and a $25.00 price target on the stock.
  • 8/15/2016 – IMPINJ is now covered by analysts at Piper Jaffray Cos.. They set an “overweight” rating and a $24.00 price target on the stock.
  • 8/15/2016 – IMPINJ is now covered by analysts at Royal Bank Of Canada. They set an “outperform” rating and a $25.00 price target on the stock.
  • 8/15/2016 – IMPINJ is now covered by analysts at Pacific Crest. They set an “overweight” rating and a $24.00 price target on the stock.
  • 8/15/2016 – IMPINJ is now covered by analysts at RBC Capital Markets. They set an “outperform” rating and a $25.00 price target on the stock.
  • 8/15/2016 – IMPINJ is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $24.00 price target on the stock.

IMPINJ Inc (NYSE:PI) opened at 36.2786 on Tuesday. IMPINJ Inc has a 52 week low of $16.36 and a 52 week high of $37.86. The stock has a 50 day moving average of $25.52 and a 200-day moving average of $24.38. The firm’s market cap is $646.12 million.

IMPINJ (NYSE:PI) last posted its quarterly earnings data on Thursday, September 1st. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.04. The business earned $47.60 million during the quarter, compared to analyst estimates of $25.31 million. The company’s revenue was up 35.2% compared to the same quarter last year. Analysts expect that IMPINJ Inc will post $0.11 earnings per share for the current year.

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In other news, Director Tom A. Alberg bought 35,714 shares of the stock in a transaction that occurred on Tuesday, July 26th. The shares were acquired at an average cost of $14.00 per share, for a total transaction of $499,996.00. Following the completion of the acquisition, the director now owns 35,714 shares in the company, valued at $499,996. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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.

5 Day Chart for NYSE:PI

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