IMPINJ (PI) Upgraded at Piper Jaffray Companies

IMPINJ (NASDAQ:PI) was upgraded by equities researchers at Piper Jaffray Companies from a “neutral” rating to an “overweight” rating in a research note issued on Tuesday, Marketbeat reports.

A number of other equities analysts also recently commented on PI. Canaccord Genuity downgraded IMPINJ from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $35.00 to $20.00 in a research report on Friday, February 2nd. Needham & Company LLC downgraded IMPINJ from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Morgan Stanley reduced their price objective on IMPINJ from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday. Zacks Investment Research downgraded IMPINJ from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Finally, BidaskClub downgraded IMPINJ from a “sell” rating to a “strong sell” rating in a research report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $26.29.

IMPINJ (NASDAQ:PI) opened at $11.41 on Tuesday. IMPINJ has a 1 year low of $11.31 and a 1 year high of $60.85. The company has a market capitalization of $239.13 and a P/E ratio of -30.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.97 and a current ratio of 7.49.

In other IMPINJ news, CFO Evan Fein sold 5,700 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $25.01, for a total transaction of $142,557.00. Following the completion of the sale, the chief financial officer now owns 17,500 shares of the company’s stock, valued at $437,675. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Eric Brodersen sold 5,400 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $25.43, for a total value of $137,322.00. Following the sale, the insider now directly owns 78,743 shares of the company’s stock, valued at approximately $2,002,434.49. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,400 shares of company stock valued at $363,006. 15.20% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Allianz Asset Management GmbH grew its stake in shares of IMPINJ by 661.1% in the third quarter. Allianz Asset Management GmbH now owns 775,896 shares of the company’s stock valued at $32,285,000 after buying an additional 673,948 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD acquired a new stake in shares of IMPINJ in the third quarter valued at $26,714,000. Chevy Chase Trust Holdings Inc. grew its stake in shares of IMPINJ by 125.4% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 643,979 shares of the company’s stock valued at $26,795,000 after buying an additional 358,279 shares in the last quarter. State Street Corp grew its stake in shares of IMPINJ by 207.6% in the second quarter. State Street Corp now owns 303,827 shares of the company’s stock valued at $14,781,000 after buying an additional 205,050 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of IMPINJ by 26.6% in the second quarter. Vanguard Group Inc. now owns 614,227 shares of the company’s stock valued at $29,883,000 after buying an additional 128,980 shares in the last quarter. 80.39% of the stock is owned by institutional investors.

WARNING: This piece was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.com-unik.info/2018/02/08/impinj-pi-upgraded-at-piper-jaffray-companies.html.

IMPINJ Company Profile

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.

Analyst Recommendations for IMPINJ (NASDAQ:PI)

Receive News & Ratings for IMPINJ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMPINJ and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit