Impinj, Inc. (NASDAQ:PI - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $67.31 and last traded at $69.63, with a volume of 1180793 shares changing hands. The stock had previously closed at $73.00.
Analyst Ratings Changes
PI has been the topic of several recent research reports. Cantor Fitzgerald upgraded shares of Impinj to a "strong-buy" rating in a research report on Thursday, February 27th. The Goldman Sachs Group decreased their target price on Impinj from $200.00 to $132.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. Piper Sandler lowered their target price on Impinj from $235.00 to $140.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Susquehanna reduced their price target on Impinj from $260.00 to $220.00 and set a "positive" rating for the company in a research report on Wednesday, January 22nd. Finally, StockNews.com cut Impinj from a "hold" rating to a "sell" rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.44.
Check Out Our Latest Stock Report on Impinj
Impinj Stock Up 1.3 %
The company has a market capitalization of $1.91 billion, a PE ratio of 49.10 and a beta of 1.74. The company's 50 day moving average is $91.86 and its two-hundred day moving average is $147.08.
Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.49). Impinj had a net margin of 11.15% and a return on equity of 7.11%. Analysts forecast that Impinj, Inc. will post -0.47 EPS for the current year.
Insider Transactions at Impinj
In other Impinj news, CFO Cary Baker sold 290 shares of the business's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $140.96, for a total transaction of $40,878.40. Following the transaction, the chief financial officer now owns 71,754 shares in the company, valued at $10,114,443.84. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Cathal G. Phelan sold 565 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $98.77, for a total transaction of $55,805.05. Following the completion of the sale, the insider now owns 7,925 shares of the company's stock, valued at $782,752.25. This trade represents a 6.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,704 shares of company stock valued at $1,925,748 in the last ninety days. Corporate insiders own 51.00% of the company's stock.
Hedge Funds Weigh In On Impinj
Large investors have recently bought and sold shares of the business. Sylebra Capital LLC grew its stake in Impinj by 8.6% in the 4th quarter. Sylebra Capital LLC now owns 3,472,116 shares of the company's stock worth $504,360,000 after acquiring an additional 274,764 shares in the last quarter. Vanguard Group Inc. increased its holdings in Impinj by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 3,442,164 shares of the company's stock worth $500,009,000 after purchasing an additional 104,861 shares during the period. Capital International Investors raised its position in Impinj by 45.0% during the 4th quarter. Capital International Investors now owns 1,527,587 shares of the company's stock valued at $221,897,000 after purchasing an additional 473,721 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Impinj by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 546,823 shares of the company's stock worth $79,654,000 after buying an additional 3,899 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Impinj by 3,824.4% during the 4th quarter. Janus Henderson Group PLC now owns 435,960 shares of the company's stock worth $63,310,000 after buying an additional 424,851 shares in the last quarter.
About Impinj
(
Get Free Report)
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.
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