Impinj (NASDAQ:PI) PT Raised to $200.00

Impinj (NASDAQ:PI - Free Report) had its price objective increased by The Goldman Sachs Group from $165.00 to $200.00 in a report released on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts also recently weighed in on the company. Cantor Fitzgerald upped their price target on Impinj from $205.00 to $260.00 and gave the stock an "overweight" rating in a report on Thursday. Susquehanna lifted their price objective on shares of Impinj from $215.00 to $260.00 and gave the company a "positive" rating in a research note on Monday. Piper Sandler reissued an "overweight" rating and set a $235.00 target price (up from $225.00) on shares of Impinj in a research note on Thursday. StockNews.com raised Impinj from a "sell" rating to a "hold" rating in a research note on Friday, July 26th. Finally, Roth Mkm raised their price target on shares of Impinj from $145.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, July 25th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Impinj presently has a consensus rating of "Moderate Buy" and a consensus price target of $224.60.

Impinj Trading Up 4.4 %

Shares of NASDAQ PI traded up $8.49 during trading on Friday, reaching $200.70. 1,097,355 shares of the company traded hands, compared to its average volume of 469,581. Impinj has a 12-month low of $58.56 and a 12-month high of $239.88. The firm's fifty day simple moving average is $195.60 and its 200 day simple moving average is $168.43. The stock has a market cap of $5.64 billion, a P/E ratio of 704.48 and a beta of 1.80.

Impinj (NASDAQ:PI - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. Impinj had a net margin of 3.93% and a negative return on equity of 21.12%. The firm had revenue of $95.20 million during the quarter, compared to the consensus estimate of $92.86 million. During the same quarter in the prior year, the firm earned ($0.36) EPS. The company's revenue for the quarter was up 46.5% on a year-over-year basis. As a group, research analysts expect that Impinj will post 0.31 EPS for the current year.

Insider Buying and Selling at Impinj

In other news, CRO Jeffrey Dossett sold 15,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $157.81, for a total value of $2,367,150.00. Following the completion of the transaction, the executive now directly owns 63,642 shares in the company, valued at $10,043,344.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Impinj news, CRO Jeffrey Dossett sold 15,000 shares of the business's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $157.81, for a total transaction of $2,367,150.00. Following the sale, the executive now directly owns 63,642 shares of the company's stock, valued at $10,043,344.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Chris Ph.D. Diorio sold 1,498 shares of the business's stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $209.12, for a total transaction of $313,261.76. Following the transaction, the chief executive officer now owns 292,532 shares in the company, valued at approximately $61,174,291.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,779 shares of company stock valued at $3,825,046 in the last quarter. Corporate insiders own 51.00% of the company's stock.

Institutional Trading of Impinj

Several institutional investors have recently modified their holdings of PI. Future Financial Wealth Managment LLC acquired a new stake in Impinj in the 1st quarter valued at about $32,000. Deltec Asset Management LLC acquired a new position in shares of Impinj in the 1st quarter valued at $584,000. Principal Financial Group Inc. increased its position in shares of Impinj by 16.9% in the 1st quarter. Principal Financial Group Inc. now owns 3,137 shares of the company's stock valued at $403,000 after buying an additional 454 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Impinj by 13.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,111 shares of the company's stock worth $7,990,000 after buying an additional 7,247 shares during the period. Finally, Jennison Associates LLC acquired a new stake in shares of Impinj during the first quarter worth about $25,747,000.

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.