Impinj (NASDAQ:PI) PT Raised to $145.00

Impinj (NASDAQ:PI) had its target price lifted by Roth Mkm from $125.00 to $145.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s target price suggests a potential downside of 3.92% from the company’s current price.

A number of other research analysts also recently commented on the stock. Susquehanna boosted their price objective on shares of Impinj from $130.00 to $140.00 and gave the company a “positive” rating in a research report on Tuesday. Evercore ISI began coverage on shares of Impinj in a research report on Tuesday, April 16th. They set an “outperform” rating and a $160.00 price objective on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $150.00 price objective (up from $130.00) on shares of Impinj in a research report on Thursday. Needham & Company LLC boosted their price objective on shares of Impinj from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday. Finally, StockNews.com raised shares of Impinj to a “sell” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Impinj has a consensus rating of “Moderate Buy” and an average price target of $132.89.

Impinj Stock Down 3.0 %

Impinj stock opened at $150.91 on Thursday. The firm’s 50 day simple moving average is $119.23 and its 200-day simple moving average is $95.02. The company has a debt-to-equity ratio of 3.29, a current ratio of 9.42 and a quick ratio of 5.59. Impinj has a fifty-two week low of $48.39 and a fifty-two week high of $156.41.

Impinj (NASDAQ:PI) last released its earnings results on Wednesday, April 24th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.14. The business had revenue of $76.83 million for the quarter, compared to the consensus estimate of $73.57 million. Impinj had a negative net margin of 1.90% and a negative return on equity of 60.13%. Analysts anticipate that Impinj will post -0.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Impinj

In other news, CFO Cary Baker sold 374 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $118.70, for a total value of $44,393.80. Following the completion of the sale, the chief financial officer now directly owns 67,948 shares in the company, valued at $8,065,427.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Cary Baker sold 374 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $118.70, for a total value of $44,393.80. Following the completion of the sale, the chief financial officer now directly owns 67,948 shares in the company, valued at $8,065,427.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Hussein Mecklai sold 435 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $118.75, for a total transaction of $51,656.25. Following the completion of the sale, the chief operating officer now owns 55,414 shares of the company’s stock, valued at $6,580,412.50. The disclosure for this sale can be found here. Insiders sold 120,185 shares of company stock worth $12,767,674 over the last ninety days. 17.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Impinj

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Impinj by 2.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,128 shares of the company’s stock worth $462,000 after acquiring an additional 115 shares during the period. Wealth Effects LLC increased its position in Impinj by 1.0% during the first quarter. Wealth Effects LLC now owns 15,145 shares of the company’s stock worth $1,945,000 after acquiring an additional 150 shares during the period. Arizona State Retirement System increased its holdings in Impinj by 3.3% in the 3rd quarter. Arizona State Retirement System now owns 6,450 shares of the company’s stock valued at $355,000 after buying an additional 205 shares during the period. Future Financial Wealth Managment LLC bought a new stake in Impinj in the 1st quarter valued at $32,000. Finally, GAMMA Investing LLC bought a new stake in Impinj in the 4th quarter valued at $40,000.

About Impinj

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.