Impinj (PI) Projected to Post Earnings on Wednesday

Impinj (NASDAQ:PI) will likely be issuing its quarterly earnings data 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 Trading Down 0.8 %

Shares of PI stock opened at $126.89 on Monday. The company’s 50-day moving average price is $152.70 and its 200-day moving average price is $174.08. Impinj has a twelve month low of $95.96 and a twelve month high of $239.88. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 142.57 and a beta of 1.88.

Insiders Place Their Bets

In other news, CEO Chris Ph.D. Diorio sold 1,504 shares of Impinj stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $146.22, for a total value of $219,914.88. Following the transaction, the chief executive officer now directly owns 331,572 shares of the company’s stock, valued at $48,482,457.84. The trade was a 0.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Cary Baker sold 499 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $146.06, for a total transaction of $72,883.94. Following the sale, the chief financial officer now owns 71,107 shares of the company’s stock, valued at approximately $10,385,888.42. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 445,490 shares of company stock valued at $89,701,106. 51.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PI has been the topic of a number of research analyst reports. Needham & Company LLC lowered their target price on Impinj from $245.00 to $182.00 and set a “buy” rating for the company in a report on Friday, January 17th. Evercore ISI reaffirmed an “outperform” rating and set a $270.00 price objective (up previously from $205.00) on shares of Impinj in a research report on Thursday, October 24th. Susquehanna reduced their price objective on Impinj from $260.00 to $220.00 and set a “positive” rating on the stock in a research note on Wednesday, January 22nd. 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, October 24th. Finally, The Goldman Sachs Group increased their price target on Impinj from $165.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.