Impinj, Inc. (NASDAQ:PI) CFO Evan Fein sold 3,300 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $25.19, for a total value of $83,127.00. Following the transaction, the chief financial officer now directly owns 15,100 shares in the company, valued at $380,369. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Impinj, Inc. (PI) traded down $0.43 on Thursday, reaching $23.31. The company’s stock had a trading volume of 378,400 shares, compared to its average volume of 747,603. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.49 and a quick ratio of 4.97. Impinj, Inc. has a fifty-two week low of $19.97 and a fifty-two week high of $60.85.
Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, November 1st. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The company had revenue of $32.60 million during the quarter, compared to analysts’ expectations of $32.58 million. Impinj had a negative return on equity of 1.15% and a negative net margin of 5.97%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. research analysts anticipate that Impinj, Inc. will post -0.41 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on PI shares. Zacks Investment Research raised Impinj from a “sell” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Wednesday, October 25th. Royal Bank Of Canada lowered their target price on Impinj from $50.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, November 2nd. Canaccord Genuity reissued a “buy” rating and issued a $35.00 target price (down previously from $50.00) on shares of Impinj in a report on Thursday, November 2nd. BidaskClub raised Impinj from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 3rd. Finally, Dougherty & Co reissued a “buy” rating and issued a $62.00 target price on shares of Impinj in a report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $36.67.
Impinj Company Profile
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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