Impinj (PI) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $186.40 to $193.13
• 50-Day Range: $175.92 to $238.58
• 52-Week Range: $78.17 to $239.88
• Volume: 302,644 shs
• Average Volume: 539,272 shs
• Market Capitalization: $5.40 billion
• P/E Ratio: 214.65
• Dividend Yield: N/A
• Price Target: $224.60
• Consensus Rating: Moderate Buy

Impinj Stock Analysis - MarketRank™

Impinj scored higher than 97% of companies evaluated by MarketBeat, and ranked 53rd out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Moderate Buy

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.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 145.00%

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 214.65, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 120.68.

Price to Earnings Ratio vs. Sector

The P/E ratio of Impinj is 214.65, 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 223.79.

Price to Book Value per Share Ratio

Impinj has a P/B Ratio of 39.72. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

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

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Impinj does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: 3.4 / 5
• Environmental Score: -1.68

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 and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.35

News Sentiment

Impinj has a news sentiment score of 1.35. 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 9 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 86% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Impinj to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

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.

PI Stock Analysis - Frequently Asked Questions

How have PI shares performed this year?

Impinj's stock was trading at $90.03 at the beginning of 2024. Since then, PI stock has increased by 112.2% and is now trading at $191.04.
View the best growth stocks for 2024 here.

How were Impinj's earnings last quarter?

Impinj, Inc. (NASDAQ:PI) announced its earnings results on Wednesday, October, 23rd. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. The company's revenue was up 46.5% compared to the same quarter last year.

When did Impinj IPO?

Impinj (PI) raised $69 million in an initial public offering on Thursday, July 21st 2016. The company issued 4,600,000 shares at $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.

Who are Impinj's major shareholders?

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.

How do I buy shares of Impinj?

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.

What other stocks do shareholders of Impinj own?

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: 11/24/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/13/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Electronic components, not elsewhere classified
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:PI
• Previous Symbol: NYSE:PI
• CUSIP: N/A
• CIK: 1114995
• Web: www.impinj.com
• Phone: (206) 517-5300
• Fax: 206-517-5262
• 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: +17.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.90
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.89
• Trailing P/E Ratio: 214.65
• Forward P/E Ratio: 477.60
• P/E Growth: N/A
• Net Income: $-43,370,000.00
• Net Margins: 8.21%
• Pretax Margin: 8.31%
• Return on Equity: -1.64%
• Return on Assets: -0.36%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.99
• Quick Ratio: 0.73

Sales & Book Value

• Annual Sales: $307.54 million
• Price / Sales: 17.57
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $4.81 per share
• Price / Book: 39.72

Miscellaneous

• Outstanding Shares: 28,290,000
• Free Float: 13,862,000
• Market Cap: $5.40 billion
• Optionable: Optionable
• Beta: 1.81