Wall Street analysts expect IMPINJ Inc (NASDAQ:PI) to post earnings of ($0.01) per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for IMPINJ’s earnings, with estimates ranging from ($0.06) to $0.01. IMPINJ posted earnings per share of ($0.09) during the same quarter last year, which indicates a positive year over year growth rate of 88.9%. The firm is scheduled to issue its next earnings results after the market closes on Monday, March 2nd.
On average, analysts expect that IMPINJ will report full-year earnings of $0.01 per share for the current year, with EPS estimates ranging from $0.01 to $0.02. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.05 per share, with EPS estimates ranging from ($0.01) to $0.18. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for IMPINJ.
Several research firms have recently commented on PI. ValuEngine lowered IMPINJ from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 11th. Zacks Investment Research lowered IMPINJ from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. BidaskClub lowered IMPINJ from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Needham & Company LLC increased their price target on IMPINJ from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, TheStreet lowered IMPINJ from a “c-” rating to a “d+” rating in a research note on Tuesday, December 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. IMPINJ has a consensus rating of “Buy” and a consensus target price of $37.80.
A number of hedge funds have recently modified their holdings of the business. State Street Corp boosted its holdings in shares of IMPINJ by 58.6% during the 3rd quarter. State Street Corp now owns 488,619 shares of the company’s stock valued at $15,064,000 after purchasing an additional 180,513 shares during the last quarter. Castleark Management LLC boosted its holdings in shares of IMPINJ by 24.5% during the 3rd quarter. Castleark Management LLC now owns 111,562 shares of the company’s stock valued at $3,439,000 after purchasing an additional 21,980 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of IMPINJ by 28.2% during the 2nd quarter. Vanguard Group Inc. now owns 604,615 shares of the company’s stock valued at $17,304,000 after purchasing an additional 132,865 shares during the last quarter. Barclays PLC boosted its holdings in shares of IMPINJ by 20.1% during the 3rd quarter. Barclays PLC now owns 21,449 shares of the company’s stock valued at $662,000 after purchasing an additional 3,585 shares during the last quarter. Finally, California Public Employees Retirement System bought a new position in shares of IMPINJ during the 3rd quarter valued at about $220,000. Institutional investors and hedge funds own 77.26% of the company’s stock.
Shares of NASDAQ:PI traded down $0.19 during midday trading on Friday, hitting $31.51. The company had a trading volume of 205,401 shares, compared to its average volume of 449,577. The company has a debt-to-equity ratio of 0.39, a current ratio of 5.90 and a quick ratio of 4.21. The company has a market cap of $697.25 million, a price-to-earnings ratio of -31.83, a PEG ratio of 30.74 and a beta of 2.41. IMPINJ has a 12-month low of $16.07 and a 12-month high of $40.24. The company has a fifty day moving average of $30.59 and a two-hundred day moving average of $32.39.
Impinj, Inc operates a platform that enables wireless connectivity for everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. Its integrated platform connects everyday items to applications, delivering real-time information to businesses about items they create, manage, transport, and sell.
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