Impinj, Inc. (NASDAQ:PI) has earned a consensus rating of “Hold” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $35.80.
A number of research analysts recently commented on PI shares. Zacks Investment Research upgraded shares of Impinj from a “sell” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Wednesday, October 25th. BidaskClub lowered shares of Impinj from a “sell” rating to a “strong sell” rating in a research note on Friday. Canaccord Genuity reiterated a “buy” rating and set a $35.00 price objective (down previously from $50.00) on shares of Impinj in a research note on Thursday, November 2nd. Royal Bank of Canada lowered their price objective on shares of Impinj from $50.00 to $41.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd. Finally, Needham & Company LLC lowered their price objective on shares of Impinj from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th.
Impinj (NASDAQ:PI) traded down $0.57 during midday trading on Friday, hitting $21.70. 1,043,417 shares of the company were exchanged, compared to its average volume of 542,794. Impinj has a fifty-two week low of $19.97 and a fifty-two week high of $60.85. The company has a quick ratio of 4.97, a current ratio of 7.49 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $443.15 and a price-to-earnings ratio of -57.11.
In other Impinj news, Director Clinton Bybee purchased 4,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $24.43 per share, for a total transaction of $97,720.00. Following the completion of the transaction, the director now owns 4,417 shares in the company, valued at approximately $107,907.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Evan Fein sold 5,700 shares of Impinj stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $25.01, for a total transaction of $142,557.00. Following the completion of the transaction, the chief financial officer now owns 17,500 shares in the company, valued at approximately $437,675. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,400 shares of company stock worth $363,006. 15.20% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Gilder Gagnon Howe & Co. LLC grew its position in Impinj by 4.0% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,191,393 shares of the company’s stock worth $91,184,000 after purchasing an additional 84,514 shares in the last quarter. Allianz Asset Management GmbH grew its position in Impinj by 661.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 775,896 shares of the company’s stock worth $32,285,000 after purchasing an additional 673,948 shares in the last quarter. Hood River Capital Management LLC boosted its stake in shares of Impinj by 1.1% during the 3rd quarter. Hood River Capital Management LLC now owns 739,823 shares of the company’s stock valued at $30,784,000 after buying an additional 7,858 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Impinj by 125.4% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 643,979 shares of the company’s stock valued at $26,795,000 after buying an additional 358,279 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD acquired a new stake in shares of Impinj during the 3rd quarter valued at $26,714,000. Hedge funds and other institutional investors own 82.42% of the company’s stock.
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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.
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