Other research analysts have also issued research reports about the company. RBC Capital Markets initiated coverage on IMPINJ in a research report on Monday, August 15th. They set an outperform rating and a $25.00 price objective for the company. Pacific Crest reaffirmed an overweight rating and set a $29.00 price objective (up previously from $24.00) on shares of IMPINJ in a research report on Sunday, September 4th. Royal Bank Of Canada raised their price objective on IMPINJ from $25.00 to $30.00 and gave the company an outperform rating in a research report on Thursday, September 1st. Needham & Company LLC initiated coverage on IMPINJ in a research report on Monday, August 15th. They set a buy rating and a $24.00 price objective for the company. Finally, Piper Jaffray Cos. initiated coverage on IMPINJ in a research report on Monday, August 15th. They set an overweight rating and a $24.00 price objective for the company. Seven investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average price target of $29.71.
IMPINJ (NYSE:PI) opened at 35.91 on Monday. The stock’s 50 day moving average price is $28.47 and its 200-day moving average price is $25.79. IMPINJ has a 12 month low of $16.36 and a 12 month high of $37.86. The company’s market capitalization is $639.56 million.
IMPINJ (NYSE:PI) last announced its earnings results on Thursday, September 1st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm earned $47.60 million during the quarter, compared to the consensus estimate of $25.31 million. IMPINJ’s quarterly revenue was up 35.2% on a year-over-year basis. On average, equities research analysts predict that IMPINJ will post $0.11 EPS for the current fiscal year.
In other IMPINJ news, Director Tom A. Alberg bought 35,714 shares of the business’s stock in a transaction on Tuesday, July 26th. The shares were acquired at an average cost of $14.00 per share, for a total transaction of $499,996.00. Following the purchase, the director now owns 35,714 shares in the company, valued at approximately $499,996. The purchase was disclosed in a legal filing with the SEC, which is available 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.
Receive News & Ratings for IMPINJ Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMPINJ Inc and related companies with MarketBeat.com's FREE daily email newsletter.