IMPINJ Inc (NASDAQ:PI) – Equities researchers at Dougherty & Co issued their Q1 2018 earnings per share estimates for IMPINJ in a note issued to investors on Friday, Zacks Investment Research reports. 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.
PI has been the topic of several other reports. Royal Bank of Canada cut IMPINJ from an “outperform” rating to a “sector perform” rating and set a $17.00 target price on the stock. in a research note on Friday, February 2nd. ValuEngine cut IMPINJ from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Piper Jaffray Companies cut their price objective on IMPINJ from $27.50 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. Morgan Stanley cut their price objective on IMPINJ from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 13th. Finally, Zacks Investment Research lowered shares of IMPINJ from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $26.29.
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 the Zacks’ consensus estimate 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 business had revenue of $26.90 million during the quarter, compared to analysts’ expectations of $29.50 million. During the same quarter last year, the business posted $0.11 EPS. The company’s quarterly revenue was down 20.2% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently made changes to their positions in PI. Sylebra HK Co Ltd raised 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 buying an additional 962,212 shares during the last quarter. Allianz Asset Management GmbH raised its stake in IMPINJ by 661.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 775,896 shares of the company’s stock valued at $32,285,000 after buying an additional 673,948 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in IMPINJ during the 3rd quarter valued at $26,714,000. Senvest Management LLC purchased a new stake in IMPINJ during the 4th quarter valued at $13,371,000. Finally, Chevy Chase Trust Holdings Inc. raised its stake in IMPINJ by 125.4% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 643,979 shares of the company’s stock valued at $26,795,000 after buying an additional 358,279 shares during the last quarter. Institutional investors own 80.46% of the company’s stock.
In other news, EVP Jeffrey Dossett acquired 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was bought at an average cost of $12.75 per share, for a total transaction of $102,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Evan Fein sold 5,700 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $25.01, for a total transaction of $142,557.00. Following the completion of the transaction, the chief financial officer now owns 17,500 shares of the company’s stock, valued at $437,675. The disclosure for this sale can be found here. 15.20% of the stock is currently owned by company insiders.
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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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