IMPINJ Inc (NYSE:PI)‘s stock had its “outperform” rating reissued by analysts at RBC Capital Markets in a research report issued on Friday. They presently have a $37.00 target price on the stock, up from their prior target price of $30.00. RBC Capital Markets’ price target suggests a potential upside of 13.81% from the company’s current price.
Other equities research analysts have also issued research reports about the stock. Pacific Crest began coverage on shares of IMPINJ in a report on Monday, August 15th. They issued an “overweight” rating and a $24.00 price target for the company. Royal Bank Of Canada started coverage on shares of IMPINJ in a research note on Monday, August 15th. They set an “outperform” rating and a $25.00 target price on the stock. Canaccord Genuity started coverage on shares of IMPINJ in a research note on Monday, August 15th. They set a “buy” rating and a $25.00 target price on the stock. Needham & Company LLC started coverage on shares of IMPINJ in a research note on Monday, August 15th. They set a “buy” rating and a $24.00 target price on the stock. Finally, Piper Jaffray Cos. started coverage on shares of IMPINJ in a research note on Monday, August 15th. They set an “overweight” rating and a $24.00 target price on the stock. Seven analysts have rated the stock with a buy rating, IMPINJ currently has an average rating of “Buy” and an average target price of $30.71.
Shares of IMPINJ (NYSE:PI) opened at 32.51 on Friday. The stock’s market cap is $579.00 million. The stock has a 50 day moving average of $31.48 and a 200 day moving average of $27.01. IMPINJ has a 52 week low of $16.36 and a 52 week high of $38.43.
IMPINJ (NYSE:PI) last issued its quarterly earnings results on Thursday, September 1st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. The company earned $47.60 million during the quarter, compared to analysts’ expectations of $25.31 million. IMPINJ’s revenue was up 35.2% on a year-over-year basis. On average, analysts expect that IMPINJ will post $0.11 earnings per share for the current year.
In other news, Director Tom A. Alberg purchased 35,714 shares of the stock in a transaction dated Tuesday, July 26th. The shares were purchased at an average price of $14.00 per share, with a total value of $499,996.00. Following the transaction, the director now owns 35,714 shares in the company, valued at approximately $499,996. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
IMPINJ Company Profile
Impinj, Inc is a provider of referral and information network (RAIN) radio frequency identification (RFID) solutions that provide item intelligence in the retail, pharmaceutical, healthcare, food and beverage, and other industries. The Company’s products include reader chips, tag chips, readers, gateways and software.
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