Impinj (PI) Projected to Post Earnings on Wednesday

Impinj (NASDAQ:PI - Get Free Report) is projected to announce its earnings results after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.48 per share and revenue of $93.01 million for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Impinj Stock Down 0.8 %

PI stock traded down $1.05 during mid-day trading on Friday, reaching $126.89. 452,545 shares of the stock traded hands, compared to its average volume of 567,140. The firm has a market capitalization of $3.59 billion, a PE ratio of 142.57 and a beta of 1.88. The business has a 50-day moving average of $152.70 and a two-hundred day moving average of $174.06. Impinj has a 52 week low of $95.96 and a 52 week high of $239.88.

Insider Activity at Impinj

In other Impinj news, CEO Chris Ph.D. Diorio sold 1,504 shares of the firm's stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $146.22, for a total transaction of $219,914.88. Following the sale, the chief executive officer now directly owns 331,572 shares in the company, valued at approximately $48,482,457.84. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Hussein Mecklai sold 338 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $141.02, for a total transaction of $47,664.76. Following the sale, the chief operating officer now directly owns 61,586 shares of the company's stock, valued at $8,684,857.72. This represents a 0.55 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 541,160 shares of company stock worth $108,376,846. 51.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PI has been the topic of several recent research reports. Susquehanna decreased their price objective on Impinj from $260.00 to $220.00 and set a "positive" rating on the stock in a report on Wednesday, January 22nd. Evercore ISI reiterated an "outperform" rating and set a $270.00 price target (up previously from $205.00) on shares of Impinj in a research note on Thursday, October 24th. Cantor Fitzgerald increased their price objective on shares of Impinj from $205.00 to $260.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. StockNews.com lowered shares of Impinj from a "hold" rating to a "sell" rating in a research report on Friday, January 24th. Finally, Lake Street Capital upped their target price on shares of Impinj from $190.00 to $251.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Impinj presently has an average rating of "Moderate Buy" and a consensus price target of $214.30.

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.