Impinj (PI) Earns News Impact Score of 0.05

Headlines about Impinj (NASDAQ:PI) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Impinj earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.4641638611485 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Impinj (NASDAQ PI) traded down $1.02 during midday trading on Friday, hitting $22.57. 521,267 shares of the stock traded hands, compared to its average volume of 538,748. The firm has a market capitalization of $452.58 and a price-to-earnings ratio of -59.39. The company has a current ratio of 7.49, a quick ratio of 4.97 and a debt-to-equity ratio of 0.06. Impinj has a 12 month low of $19.97 and a 12 month high of $60.85.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, November 1st. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.04). The firm had revenue of $32.60 million for the quarter, compared to analyst estimates of $32.58 million. Impinj had a negative return on equity of 1.15% and a negative net margin of 5.97%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 EPS. research analysts expect that Impinj will post -0.41 earnings per share for the current year.

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reiterated a “buy” rating on shares of Impinj in a research note on Friday, September 29th. BidaskClub upgraded shares of Impinj from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 3rd. Dougherty & Co reiterated a “buy” rating and issued a $62.00 target price on shares of Impinj in a research note on Thursday, September 14th. Zacks Investment Research cut shares of Impinj from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Finally, Needham & Company LLC reduced their target price on shares of Impinj from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $36.33.

In other Impinj news, insider Eric Brodersen sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $36.85, for a total value of $257,950.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Clinton Bybee acquired 4,000 shares of Impinj stock in a transaction on Thursday, November 9th. The stock was acquired at an average cost of $24.43 per share, for a total transaction of $97,720.00. Following the completion of the purchase, the director now owns 4,417 shares of the company’s stock, valued at approximately $107,907.31. The disclosure for this purchase can be found here. In the last three months, insiders sold 15,700 shares of company stock valued at $478,399. 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.

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