IMPINJ Inc Forecasted to Earn Q1 2018 Earnings of ($0.39) Per Share (PI)

IMPINJ Inc (NASDAQ:PI) – Analysts at Dougherty & Co issued their Q1 2018 EPS estimates for shares of IMPINJ in a research report issued on Friday. Dougherty & Co analyst C. Anderson forecasts that the company will post earnings per share of ($0.39) for the quarter. Dougherty & Co has a “Neutral” rating on the stock.

IMPINJ (NASDAQ:PI) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.09). IMPINJ had a negative return on equity of 5.93% and a negative net margin of 13.82%. The firm had revenue of $26.90 million during the quarter, compared to analysts’ expectations of $29.50 million. During the same period in the previous year, the firm earned $0.11 EPS. The firm’s quarterly revenue was down 20.2% on a year-over-year basis.

A number of other research analysts also recently issued reports on the stock. Canaccord Genuity reaffirmed a “hold” rating on shares of IMPINJ in a research report on Friday. Piper Jaffray Companies upgraded shares of IMPINJ from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 6th. Morgan Stanley lowered their target price on shares of IMPINJ from $27.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, February 5th. Needham & Company LLC cut shares of IMPINJ from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada cut shares of IMPINJ from an “outperform” rating to a “sector perform” rating and set a $17.00 target price for the company. in a research note on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $26.29.

IMPINJ (PI) opened at $11.07 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.49 and a quick ratio of 4.97. IMPINJ has a 12-month low of $9.95 and a 12-month high of $60.85. The stock has a market cap of $232.01 and a P/E ratio of -13.34.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sylebra HK Co Ltd lifted its stake in IMPINJ by 32.8% during the 4th quarter. Sylebra HK Co Ltd now owns 3,899,063 shares of the company’s stock valued at $87,846,000 after acquiring an additional 962,212 shares during the period. MetLife Investment Advisors LLC acquired a new stake in IMPINJ during the 4th quarter valued at approximately $193,000. Guggenheim Capital LLC lifted its stake in IMPINJ by 81.0% during the 4th quarter. Guggenheim Capital LLC now owns 10,701 shares of the company’s stock valued at $239,000 after acquiring an additional 4,790 shares during the period. Deutsche Bank AG lifted its stake in IMPINJ by 146.3% during the 4th quarter. Deutsche Bank AG now owns 40,124 shares of the company’s stock valued at $903,000 after acquiring an additional 23,832 shares during the period. Finally, Bamco Inc. NY lifted its stake in IMPINJ by 93.8% during the 4th quarter. Bamco Inc. NY now owns 155,000 shares of the company’s stock valued at $3,492,000 after acquiring an additional 75,000 shares during the period. Institutional investors and hedge funds own 74.84% of the company’s stock.

In related news, CFO Evan Fein sold 5,700 shares of IMPINJ stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $25.01, for a total value of $142,557.00. Following the completion of the sale, the chief financial officer now directly owns 17,500 shares in the company, valued at approximately $437,675. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.20% of the stock is owned by company insiders.

WARNING: This article was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://stocknewstimes.com/2018/02/20/impinj-inc-forecasted-to-earn-q1-2018-earnings-of-0-39-per-share-pi.html.

About IMPINJ

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.

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.

Latest News

Leave a Reply