IMPINJ Inc (NYSE:PI) has received an average recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $36.20.

A number of equities research analysts have commented on the company. Zacks Investment Research lowered IMPINJ from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 7th. KeyCorp restated a “hold” rating on shares of IMPINJ in a research report on Friday, November 3rd. Dougherty & Co decreased their price objective on IMPINJ from $62.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 2nd. Morgan Stanley decreased their price objective on IMPINJ from $37.00 to $29.00 and set an “equal weight” rating for the company in a research report on Thursday, November 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $34.00 price objective (down from $45.00) on shares of IMPINJ in a research report on Thursday, November 2nd.

In other news, CFO Evan Fein sold 9,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $38.00, for a total transaction of $342,000.00. Following the completion of the sale, the chief financial officer now directly owns 15,300 shares of the company’s stock, valued at approximately $581,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric Brodersen sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $35.81, for a total value of $250,670.00. Following the sale, the insider now directly owns 101,443 shares of the company’s stock, valued at $3,632,673.83. The disclosure for this sale can be found here. Insiders have sold a total of 37,000 shares of company stock valued at $1,392,420 over the last ninety days.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in shares of IMPINJ by 1,261.0% in the 2nd 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 in the last quarter. American International Group Inc. bought a new position in shares of IMPINJ in the 1st quarter valued at approximately $112,000. Bronfman E.L. Rothschild L.P. bought a new position in shares of IMPINJ in the 3rd quarter valued at approximately $116,000. Turner Investments LLC bought a new position in shares of IMPINJ in the 2nd quarter valued at approximately $146,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of IMPINJ by 95.1% in the 2nd 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 in the last quarter.

IMPINJ (NYSE PI) traded down $0.86 during trading hours on Monday, hitting $25.58. The company had a trading volume of 730,381 shares, compared to its average volume of 782,114. IMPINJ has a fifty-two week low of $19.97 and a fifty-two week high of $60.85.

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

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About IMPINJ

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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