Impinj (PI) Getting Somewhat Favorable News Coverage, Report Finds

Media headlines about Impinj (NASDAQ:PI) have been trending somewhat positive recently, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Impinj earned a news impact score of 0.05 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.4897672820767 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

Shares of Impinj (PI) traded up $0.54 during trading on Tuesday, hitting $22.53. The stock had a trading volume of 628,700 shares, compared to its average volume of 729,200. The firm has a market cap of $472.19, a price-to-earnings ratio of -59.29 and a beta of -2.02. 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 fifty-two week low of $19.97 and a fifty-two week high of $60.85.

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

A number of brokerages have commented on PI. Zacks Investment Research lowered Impinj from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Royal Bank of Canada restated a “buy” rating on shares of Impinj in a research report on Friday, September 29th. Piper Jaffray Companies lowered Impinj from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 2nd. BidaskClub upgraded Impinj from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 3rd. Finally, Dougherty & Co reiterated a “buy” rating and set a $62.00 price target on shares of Impinj in a report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $36.33.

In related 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 approximately $380,369. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Clinton Bybee bought 4,000 shares of Impinj stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average price of $24.43 per share, with a total value of $97,720.00. Following the completion of the acquisition, the director now owns 4,417 shares in the company, valued at approximately $107,907.31. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 15,700 shares of company stock valued at $478,399. Corporate insiders own 15.20% of the company’s stock.

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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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