Roth Mkm Boosts Impinj (NASDAQ:PI) Price Target to $145.00

Impinj (NASDAQ:PI) had its price objective lifted by Roth Mkm from $125.00 to $145.00 in a research note released on Thursday morning, Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Other research analysts have also issued research reports about the stock. Piper Sandler reissued an overweight rating and issued a $150.00 price objective (up previously from $130.00) on shares of Impinj in a research note on Thursday. Evercore ISI started coverage on shares of Impinj in a research note on Tuesday, April 16th. They issued an outperform rating and a $160.00 price target for the company. The Goldman Sachs Group lifted their price target on shares of Impinj from $89.00 to $115.00 and gave the stock a buy rating in a research note on Friday, February 9th. StockNews.com upgraded shares of Impinj to a sell rating in a research note on Friday, February 9th. Finally, Canaccord Genuity Group lifted their price target on shares of Impinj from $130.00 to $150.00 and gave the stock a buy rating in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Impinj has a consensus rating of Moderate Buy and an average price target of $132.89.

Impinj Trading Down 3.0 %

NASDAQ PI opened at $150.91 on Thursday. The firm has a 50 day simple moving average of $119.23 and a 200-day simple moving average of $95.29. The company has a debt-to-equity ratio of 3.29, a quick ratio of 5.59 and a current ratio of 9.42. Impinj has a one year low of $48.39 and a one year high of $156.41. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of -431.17 and a beta of 2.05.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, April 24th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.14. Impinj had a negative net margin of 1.90% and a negative return on equity of 60.13%. The business had revenue of $76.83 million during the quarter, compared to analyst estimates of $73.57 million. Equities research analysts anticipate that Impinj will post -0.62 EPS for the current fiscal year.

Insider Transactions at Impinj

In other news, CFO Cary Baker sold 306 shares of Impinj stock in a transaction on Monday, March 18th. The shares were sold at an average price of $123.55, for a total value of $37,806.30. Following the transaction, the chief financial officer now directly owns 65,748 shares of the company’s stock, valued at approximately $8,123,165.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Impinj news, COO Hussein Mecklai sold 435 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $118.75, for a total value of $51,656.25. Following the transaction, the chief operating officer now directly owns 55,414 shares of the company’s stock, valued at approximately $6,580,412.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Cary Baker sold 306 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $123.55, for a total transaction of $37,806.30. Following the completion of the transaction, the chief financial officer now directly owns 65,748 shares in the company, valued at $8,123,165.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 120,185 shares of company stock worth $12,767,674. 17.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Impinj

Institutional investors and hedge funds have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC acquired a new position in shares of Impinj during the 1st quarter worth $32,000. GAMMA Investing LLC purchased a new stake in shares of Impinj in the 4th quarter worth about $40,000. Newbridge Financial Services Group Inc. purchased a new position in Impinj in the 3rd quarter valued at about $55,000. Headlands Technologies LLC purchased a new position in Impinj in the 4th quarter valued at about $58,000. Finally, Asset Management One Co. Ltd. lifted its holdings in Impinj by 74.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,226 shares of the company’s stock valued at $67,000 after purchasing an additional 524 shares in the last quarter.

About Impinj

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.