Shares of Impinj, Inc. (NASDAQ:PI) have been given a consensus rating of “Hold” by the nine research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $35.80.

A number of equities research analysts have weighed in on the company. Royal Bank of Canada reiterated a “buy” rating on shares of Impinj in a research note on Friday, September 29th. BidaskClub upgraded Impinj from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 3rd. Dougherty & Co reiterated a “buy” rating and issued a $62.00 price objective on shares of Impinj in a research note on Thursday, September 14th. Zacks Investment Research cut Impinj from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Finally, Needham & Company LLC reduced their price objective on Impinj from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, October 26th.

Impinj (NASDAQ:PI) traded up $1.03 during mid-day trading on Tuesday, reaching $23.56. The company had a trading volume of 537,724 shares, compared to its average volume of 488,608. The stock has a market capitalization of $493.78 and a PE ratio of -62.00. Impinj has a 12-month low of $19.97 and a 12-month high of $60.85. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.97 and a current ratio of 7.49.

Impinj (NASDAQ:PI) last issued its quarterly earnings data 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 5.97% and a negative return on equity of 1.15%. The firm had revenue of $32.60 million during the quarter, compared to analysts’ expectations of $32.58 million. During the same quarter in the prior year, the firm posted $0.10 EPS. Impinj’s quarterly revenue was up 5.2% compared to the same quarter last year. research analysts predict that Impinj will post -0.41 EPS for the current fiscal year.

In related news, insider Eric Brodersen sold 7,000 shares of the company’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $36.85, for a total transaction of $257,950.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Evan Fein sold 3,300 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $25.19, for a total value of $83,127.00. Following the transaction, the chief financial officer now directly owns 15,100 shares in the company, valued at approximately $380,369. The disclosure for this sale can be found here. In the last three months, insiders sold 15,700 shares of company stock worth $478,399. Corporate insiders own 15.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in PI. BNP Paribas Arbitrage SA boosted its position in Impinj by 1,261.0% during the second quarter. BNP Paribas Arbitrage SA now owns 2,096 shares of the company’s stock worth $102,000 after purchasing an additional 1,942 shares in the last quarter. Bronfman E.L. Rothschild L.P. purchased a new stake in Impinj during the third quarter worth $116,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in Impinj during the third quarter worth $128,000. PNC Financial Services Group Inc. boosted its position in Impinj by 95.1% during the second quarter. PNC Financial Services Group Inc. now owns 3,621 shares of the company’s stock worth $176,000 after purchasing an additional 1,765 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Impinj during the second quarter worth $180,000. 82.69% of the stock is currently owned by hedge funds and other institutional investors.

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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 (NASDAQ:PI)

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