IMPINJ (PI) Earning Somewhat Favorable Press Coverage, Analysis Finds

Media coverage about IMPINJ (NASDAQ:PI) has trended somewhat positive recently, according to Accern. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. IMPINJ earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.0154431926223 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media headlines that may have impacted Accern’s scoring:

Shares of IMPINJ (PI) traded down $0.25 on Friday, reaching $12.86. 450,844 shares of the company’s stock traded hands, compared to its average volume of 1,106,659. IMPINJ has a 52 week low of $9.95 and a 52 week high of $60.85. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.15 and a current ratio of 6.52. The firm has a market cap of $293.12, a PE ratio of -15.31 and a beta of 1.87.

IMPINJ (NASDAQ:PI) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.09). The firm had revenue of $26.90 million for the quarter, compared to analyst estimates of $29.50 million. IMPINJ had a negative net margin of 13.82% and a negative return on equity of 6.01%. The company’s revenue was down 20.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 EPS. sell-side analysts predict that IMPINJ will post -1.37 EPS for the current year.

PI has been the subject of several recent research reports. Morgan Stanley cut their target price on shares of IMPINJ from $27.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, February 5th. Zacks Investment Research raised shares of IMPINJ from a “strong sell” rating to a “hold” rating in a report on Thursday, January 4th. Needham & Company LLC lowered shares of IMPINJ from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Canaccord Genuity lowered shares of IMPINJ from a “buy” rating to a “hold” rating and cut their price target for the stock from $35.00 to $20.00 in a report on Friday, February 2nd. Finally, Piper Jaffray Companies cut their price target on shares of IMPINJ from $27.50 to $18.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. IMPINJ has an average rating of “Hold” and an average price target of $26.29.

In other IMPINJ news, CFO Evan Fein sold 5,700 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $25.01, for a total value of $142,557.00. Following the transaction, the chief financial officer now owns 17,500 shares of the company’s stock, valued at $437,675. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeffrey Dossett bought 8,000 shares of the firm’s stock in a transaction 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 disclosure for this purchase can be found here. Insiders own 15.20% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for IMPINJ (NASDAQ:PI)

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