IMPINJ Inc (NASDAQ:PI) – Investment analysts at Dougherty & Co issued their Q1 2018 earnings estimates for IMPINJ in a research note issued to investors on Friday. Dougherty & Co analyst C. Anderson expects that the company will post earnings per share of ($0.39) for the quarter. Dougherty & Co has a “Neutral” rating on the stock.
A number of other equities analysts also recently weighed in on the stock. Canaccord Genuity reaffirmed a “hold” rating on shares of IMPINJ in a research note on Friday. Zacks Investment Research downgraded shares of IMPINJ from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Needham & Company LLC downgraded shares of IMPINJ from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Piper Jaffray Companies downgraded shares of IMPINJ from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 2nd. Finally, BidaskClub downgraded shares of IMPINJ from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Three research 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 has a consensus rating of “Hold” and an average price target of $26.29.
IMPINJ (NASDAQ:PI) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.09). IMPINJ had a negative net margin of 13.82% and a negative return on equity of 5.93%. The firm had revenue of $26.90 million for the quarter, compared to the consensus estimate of $29.50 million. During the same period in the prior year, the business earned $0.11 earnings per share. The company’s revenue for the quarter was down 20.2% on a year-over-year basis.
In related news, CFO Evan Fein sold 5,700 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were 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 directly 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 at this link. Insiders own 15.20% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sylebra HK Co Ltd raised its stake in shares of IMPINJ by 32.8% during the fourth quarter. Sylebra HK Co Ltd now owns 3,899,063 shares of the company’s stock worth $87,846,000 after buying an additional 962,212 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of IMPINJ during the fourth quarter worth approximately $193,000. Guggenheim Capital LLC raised its stake in shares of IMPINJ by 81.0% during the fourth quarter. Guggenheim Capital LLC now owns 10,701 shares of the company’s stock worth $239,000 after buying an additional 4,790 shares during the last quarter. Deutsche Bank AG raised its stake in shares of IMPINJ by 146.3% during the fourth quarter. Deutsche Bank AG now owns 40,124 shares of the company’s stock worth $903,000 after buying an additional 23,832 shares during the last quarter. Finally, Bamco Inc. NY raised its stake in shares of IMPINJ by 93.8% during the fourth quarter. Bamco Inc. NY now owns 155,000 shares of the company’s stock worth $3,492,000 after buying an additional 75,000 shares during the last quarter. 79.29% of the stock is owned by institutional investors and hedge funds.
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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.
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