IMPINJ (PI) Earning Somewhat Positive Press Coverage, Analysis Finds

Media headlines about IMPINJ (NASDAQ:PI) have trended somewhat positive on Wednesday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. IMPINJ earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.9723204100269 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

Shares of IMPINJ (NASDAQ:PI) traded up $0.99 during mid-day trading on Wednesday, reaching $12.06. The company had a trading volume of 2,400,500 shares, compared to its average volume of 1,368,820. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.97 and a current ratio of 7.49. The stock has a market capitalization of $232.17, a PE ratio of -14.36 and a beta of -1.69. IMPINJ has a 52 week low of $9.95 and a 52 week high of $60.85.

IMPINJ (NASDAQ:PI) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.09). The company had revenue of $26.90 million for the quarter, compared to analysts’ expectations of $29.50 million. IMPINJ had a negative net margin of 13.82% and a negative return on equity of 5.93%. The firm’s revenue was down 20.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share. research analysts anticipate that IMPINJ will post -1.13 EPS for the current year.

Several research analysts have recently issued reports on PI shares. Zacks Investment Research cut IMPINJ from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price target (down from $45.00) on shares of IMPINJ in a research report on Thursday, November 2nd. BidaskClub cut IMPINJ from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Morgan Stanley reduced their price target on IMPINJ from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 13th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $35.00 price target (down from $50.00) on shares of IMPINJ in a research report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. IMPINJ currently has a consensus rating of “Hold” and a consensus target price of $26.29.

In other news, CFO Evan Fein sold 3,300 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $25.19, for a total value of $83,127.00. Following the completion of the sale, the chief financial officer now directly owns 15,100 shares in the company, valued at $380,369. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 15.20% of the stock is currently owned by company insiders.

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About IMPINJ

Impinj, Inc is a provider of RAIN radio frequency identification (RFID) solutions. The Company sells a platform that includes endpoint integrated circuits (ICs), reader ICs, readers and gateways that enable wireless connectivity to everyday items, and software that delivers Item Intelligence from endpoint reads.

Insider Buying and Selling by Quarter for IMPINJ (NASDAQ:PI)

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