Impinj (NASDAQ:PI) PT Raised to $260.00 at Susquehanna

Impinj (NASDAQ:PI) had its price target boosted by analysts at Susquehanna from $215.00 to $260.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s price target would indicate a potential upside of 19.10% from the stock’s previous close.

PI has been the topic of a number of other reports. Roth Mkm lifted their target price on Impinj from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. StockNews.com upgraded shares of Impinj from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Lake Street Capital increased their price objective on Impinj from $155.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $205.00 target price on shares of Impinj in a research note on Thursday, July 25th. Finally, Needham & Company LLC restated a “buy” rating and set a $195.00 price target on shares of Impinj in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $196.10.

Impinj Stock Performance

NASDAQ:PI opened at $218.30 on Monday. The business has a fifty day moving average of $190.77 and a 200-day moving average of $166.39. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of -623.71 and a beta of 1.80. Impinj has a 1 year low of $48.39 and a 1 year high of $239.88.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. The firm had revenue of $102.50 million during the quarter, compared to analyst estimates of $97.47 million. Impinj had a negative return on equity of 21.12% and a net margin of 3.93%. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period last year, the company posted ($0.14) EPS. On average, equities research analysts predict that Impinj will post 0.31 EPS for the current year.

Insider Buying and Selling

In other Impinj news, major shareholder Sylebra Capital Llc bought 4,264,393 shares of the stock in a transaction on Friday, September 13th. The shares were purchased at an average price of $4.69 per share, with a total value of $20,000,003.17. Following the acquisition, the insider now directly owns 33,050,456 shares of the company’s stock, valued at $155,006,638.64. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Cathal G. Phelan sold 209 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $209.15, for a total transaction of $43,712.35. Following the completion of the transaction, the insider now owns 17,647 shares of the company’s stock, valued at approximately $3,690,870.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Sylebra Capital Llc acquired 4,264,393 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were purchased at an average cost of $4.69 per share, for a total transaction of $20,000,003.17. Following the acquisition, the insider now directly owns 33,050,456 shares in the company, valued at $155,006,638.64. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 21,779 shares of company stock valued at $3,825,046. Insiders own 51.00% of the company’s stock.

Institutional Investors Weigh In On Impinj

A number of institutional investors have recently bought and sold shares of PI. Future Financial Wealth Managment LLC acquired a new position in shares of Impinj in the 1st quarter valued at $32,000. Deltec Asset Management LLC bought a new stake in Impinj in the first quarter valued at about $584,000. Benjamin F. Edwards & Company Inc. raised its position in Impinj by 117.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 963 shares of the company’s stock worth $124,000 after purchasing an additional 521 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Impinj by 16.9% during the first quarter. Principal Financial Group Inc. now owns 3,137 shares of the company’s stock worth $403,000 after purchasing an additional 454 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Impinj by 13.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,111 shares of the company’s stock valued at $7,990,000 after purchasing an additional 7,247 shares in the last quarter.

Impinj Company Profile

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.