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Impinj (PI) Stock Price, News & Analysis

Impinj logo
$191.04 +2.74 (+1.46%)
(As of 04:33 PM ET)

About Impinj Stock (NASDAQ:PI)

Key Stats

Today's Range
$186.40
$193.13
50-Day Range
$175.92
$238.58
52-Week Range
$78.17
$239.88
Volume
302,136 shs
Average Volume
472,213 shs
Market Capitalization
$5.40 billion
P/E Ratio
214.65
Dividend Yield
N/A
Price Target
$224.60
Consensus Rating
Moderate Buy

Company Overview

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. Its platform also consists of systems products that consists of reader ICs, readers, and gateways to wirelessly provide power to and communicate bidirectionally with endpoint ICs on host items, as well as to read, write, authenticate, and engage the endpoint ICs on those items; and software and algorithms that enable its partners to solve enterprise business problems, such as retail self-checkout and loss prevention. The company primarily serves retail, supply chain and logistics, automotive, aviation, banking, datacenters, food, healthcare, industrial and manufacturing, linen and uniform tracking, sports, and travel industries through original equipment and device manufacturers, tag service bureaus, systems integrators, value-added resellers, independent software vendors, and other solution partners. Impinj, Inc. was incorporated in 2000 and is headquartered in Seattle, Washington.

Impinj Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
97th Percentile Overall Score

PI MarketRank™: 

Impinj scored higher than 97% of companies evaluated by MarketBeat, and ranked 42nd out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Impinj has received a consensus rating of Moderate Buy. The company's average rating score is 2.90, and is based on 9 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Impinj has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Impinj's stock forecast and price target.
  • Earnings Growth

    Earnings for Impinj are expected to grow by 145.00% in the coming year, from $0.40 to $0.98 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Impinj is 214.93, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 134.15.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Impinj is 214.93, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 263.37.

  • Price to Book Value per Share Ratio

    Impinj has a P/B Ratio of 39.77. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Impinj's valuation and earnings.
  • Percentage of Shares Shorted

    11.10% of the outstanding shares of Impinj have been sold short.
  • Short Interest Ratio / Days to Cover

    Impinj has a short interest ratio ("days to cover") of 5.8.
  • Change versus previous month

    Short interest in Impinj has recently decreased by 19.49%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Impinj does not currently pay a dividend.

  • Dividend Growth

    Impinj does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    11.10% of the outstanding shares of Impinj have been sold short.
  • Short Interest Ratio / Days to Cover

    Impinj has a short interest ratio ("days to cover") of 5.8.
  • Change versus previous month

    Short interest in Impinj has recently decreased by 19.49%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Impinj has a news sentiment score of 1.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Impinj this week, compared to 7 articles on an average week.
  • Search Interest

    13 people have searched for PI on MarketBeat in the last 30 days. This is an increase of 30% compared to the previous 30 days.
  • MarketBeat Follows

    7 people have added Impinj to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Impinj insiders have sold 558.12% more of their company's stock than they have bought. Specifically, they have bought $20,000,003.00 in company stock and sold $131,623,305.00 in company stock.

  • Percentage Held by Insiders

    51.00% of the stock of Impinj is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Read more about Impinj's insider trading history.
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PI Stock News Headlines

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Zacks.com featured highlights Doximity, Impinj and Innodata
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PI Stock Analysis - Frequently Asked Questions

Impinj's stock was trading at $90.03 at the beginning of 2024. Since then, PI stock has increased by 112.5% and is now trading at $191.29.
View the best growth stocks for 2024 here
.

Impinj, Inc. (NASDAQ:PI) issued its earnings results on Wednesday, October, 23rd. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.08. The company's revenue for the quarter was up 46.5% on a year-over-year basis.

Impinj (PI) raised $69 million in an initial public offering on Thursday, July 21st 2016. The company issued 4,600,000 shares at a price of $14.00-$16.00 per share. RBC Capital Markets, Pacific Crest Securities (a division of KeyBanc Capital Markets) and Piper Jaffray served as the underwriters for the IPO and Needham & Company and Canaccord Genuity were co-managers.

Impinj's top institutional shareholders include FMR LLC (14.91%), State Street Corp (3.81%), Chevy Chase Trust Holdings LLC (3.03%) and Geode Capital Management LLC (1.92%). Insiders that own company stock include Sylebra Capital Ltd, Sylebra Capital Llc, Chris PhD Diorio, Cary Baker, Jeffrey Dossett, Hussein Mecklai, Steve Sanghi, Gregory Sessler, Cathal G Phelan, Umesh Padval and Miron Washington.
View institutional ownership trends
.

Shares of PI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Impinj investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), CrowdStrike (CRWD), Arista Networks (ANET) and Palo Alto Networks (PANW).

Company Calendar

Last Earnings
10/23/2024
Today
11/22/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/13/2025

Industry, Sector and Symbol

Industry
Electronic components, not elsewhere classified
Sub-Industry
Electronic Equipment
Employees
475
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$224.60
High Stock Price Target
$270.00
Low Stock Price Target
$150.00
Potential Upside/Downside
+17.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.90
Research Coverage
10 Analysts

Profitability

Net Income
$-43,370,000.00
Pretax Margin
8.31%

Debt

Sales & Book Value

Annual Sales
$345.17 million
Book Value
$4.81 per share

Miscellaneous

Free Float
13,862,000
Market Cap
$5.41 billion
Optionable
Optionable
Beta
1.81

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This page (NASDAQ:PI) was last updated on 11/22/2024 by MarketBeat.com Staff
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