Impinj (PI) to Release Quarterly Earnings on Thursday

Impinj (NASDAQ:PIGet Free Report) will be issuing its quarterly earnings data after the market closes on Thursday, February 8th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Impinj Stock Performance

PI stock opened at $105.51 on Wednesday. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of -99.54 and a beta of 2.04. The firm has a 50-day simple moving average of $89.20 and a two-hundred day simple moving average of $72.41. Impinj has a one year low of $48.39 and a one year high of $144.90. The company has a debt-to-equity ratio of 8.09, a quick ratio of 4.92 and a current ratio of 8.09.

Insiders Place Their Bets

In other Impinj news, major shareholder Sylebra Capital Ltd bought 33,682 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average price of $73.16 per share, for a total transaction of $2,464,175.12. Following the purchase, the insider now directly owns 3,982,248 shares in the company, valued at $291,341,263.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Impinj news, major shareholder Sylebra Capital Ltd purchased 33,682 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average cost of $73.16 per share, with a total value of $2,464,175.12. Following the acquisition, the insider now directly owns 3,982,248 shares of the company’s stock, valued at approximately $291,341,263.68. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Chris Ph.D. Diorio sold 1,001 shares of the firm’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $89.76, for a total value of $89,849.76. Following the sale, the chief executive officer now directly owns 251,041 shares of the company’s stock, valued at $22,533,440.16. The disclosure for this sale can be found here. In the last three months, insiders have bought 106,705 shares of company stock valued at $8,401,329 and have sold 5,565 shares valued at $473,718. Insiders own 17.10% of the company’s stock.

Institutional Trading of Impinj

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. bought a new stake in shares of Impinj during the first quarter worth approximately $39,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Impinj by 65.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 832 shares of the company’s stock worth $75,000 after acquiring an additional 329 shares during the period. Quantbot Technologies LP bought a new stake in shares of Impinj during the first quarter worth approximately $101,000. Tower Research Capital LLC TRC boosted its holdings in shares of Impinj by 268.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,945 shares of the company’s stock worth $107,000 after acquiring an additional 1,417 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of Impinj by 10.6% during the second quarter. Ameritas Investment Partners Inc. now owns 1,899 shares of the company’s stock worth $170,000 after acquiring an additional 182 shares during the period.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PI shares. The Goldman Sachs Group dropped their price target on shares of Impinj from $101.00 to $89.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. Needham & Company LLC raised their price objective on Impinj from $85.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, January 18th. StockNews.com upgraded Impinj to a “sell” rating in a report on Thursday, October 26th. Roth Mkm decreased their price objective on Impinj from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Finally, Susquehanna initiated coverage on Impinj in a report on Wednesday, December 13th. They issued a “positive” rating and a $100.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $102.38.

Get Our Latest Stock Analysis on Impinj

About Impinj

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Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform, which comprises multiple product families, wirelessly connects individual 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.

See Also

Earnings History for Impinj (NASDAQ:PI)

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