IMPINJ Inc (NYSE:PI)‘s stock had its “hold” rating reiterated by equities research analysts at KeyCorp in a research report issued on Friday.

Several other research analysts also recently weighed in on the stock. Dougherty & Co dropped their target price on shares of IMPINJ from $62.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday. Morgan Stanley dropped their target price on shares of IMPINJ from $37.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $34.00 target price (down from $45.00) on shares of IMPINJ in a research report on Thursday. Canaccord Genuity reissued a “buy” rating and issued a $35.00 target price (down from $50.00) on shares of IMPINJ in a research report on Thursday. Finally, Piper Jaffray Companies downgraded shares of IMPINJ from an “overweight” rating to a “neutral” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $36.57.

Shares of IMPINJ (NYSE:PI) traded down $10.57 on Friday, hitting $22.23. The company had a trading volume of 1,682,253 shares, compared to its average volume of 672,832. IMPINJ has a one year low of $19.97 and a one year high of $60.85.

IMPINJ (NYSE:PI) last released its earnings results on Wednesday, November 1st. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The firm had revenue of $32.60 million during the quarter, compared to analysts’ expectations of $32.58 million. IMPINJ had a negative return on equity of 3.11% and a negative net margin of 2.86%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the business earned $0.10 earnings per share.

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In related news, insider Eric Brodersen sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $35.81, for a total transaction of $250,670.00. Following the completion of the sale, the insider now directly owns 101,443 shares in the company, valued at $3,632,673.83. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Evan Fein sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $38.00, for a total transaction of $342,000.00. Following the sale, the chief financial officer now owns 15,300 shares of the company’s stock, valued at $581,400. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,000 shares of company stock valued at $1,392,420.

Several hedge funds have recently bought and sold shares of PI. Carnegie Capital Asset Management LLC lifted its stake in IMPINJ by 10.7% in the second quarter. Carnegie Capital Asset Management LLC now owns 15,230 shares of the company’s stock valued at $747,000 after acquiring an additional 1,470 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in IMPINJ by 95.1% in the second quarter. PNC Financial Services Group Inc. now owns 3,621 shares of the company’s stock valued at $176,000 after acquiring an additional 1,765 shares during the last quarter. Global X Management Co. LLC lifted its stake in IMPINJ by 30.6% in the second quarter. Global X Management Co. LLC now owns 8,073 shares of the company’s stock valued at $393,000 after acquiring an additional 1,892 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in IMPINJ by 1,261.0% in the second quarter. BNP Paribas Arbitrage SA now owns 2,096 shares of the company’s stock valued at $102,000 after acquiring an additional 1,942 shares during the last quarter. Finally, Virtu KCG Holdings LLC lifted its stake in IMPINJ by 40.6% in the second quarter. Virtu KCG Holdings LLC now owns 9,570 shares of the company’s stock valued at $466,000 after acquiring an additional 2,764 shares during the last quarter.

IMPINJ Company Profile

Impinj, Inc is a provider of RAIN radio frequency identification (RFID) solutions. The Company sells a platform that includes endpoint integrated circuits (ICs), reader ICs, readers and gateways that enable wireless connectivity to everyday items, and software that delivers Item Intelligence from endpoint reads.

Analyst Recommendations for IMPINJ (NYSE:PI)

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