Media headlines about IMPINJ (NASDAQ:PI) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. IMPINJ earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.0470651652285 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- IMPINJ (PI) vs. Neonode (NEON) Head to Head Comparison (americanbankingnews.com)
- United States RFID Reader Market by Manufacturer- Zebra, Honeywell, Impinj, Datalogic and Fieg Electronics (factsweek.com)
- Technicals in Focus – Impinj (NASDAQ: PI) (financerater.com)
- Impinj, Inc. (PI) Stock Weigh On Beatable Move and Margin Ratio Analysis (investingbizz.com)
- Investor’s Alert (Volatility Analysis) – Impinj (NASDAQ:PI) (thestockgem.com)
Several analysts have issued reports on the stock. BidaskClub lowered shares of IMPINJ from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Zacks Investment Research raised shares of IMPINJ from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 4th. Morgan Stanley dropped their price target on shares of IMPINJ from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, February 5th. Piper Jaffray dropped their price target on shares of IMPINJ from $27.50 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. Finally, Royal Bank of Canada lowered shares of IMPINJ from an “outperform” rating to a “sector perform” rating and set a $17.00 price target on the stock. in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. IMPINJ currently has a consensus rating of “Hold” and a consensus price target of $26.29.
NASDAQ PI traded up $0.39 on Tuesday, hitting $13.75. 288,212 shares of the stock were exchanged, compared to its average volume of 944,417. The company has a current ratio of 6.52, a quick ratio of 4.15 and a debt-to-equity ratio of 0.05. IMPINJ has a 52 week low of $9.95 and a 52 week high of $60.85. The firm has a market capitalization of $286.94, a P/E ratio of -47.41 and a beta of 1.52.
IMPINJ (NASDAQ:PI) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.09). IMPINJ had a negative return on equity of 6.01% and a negative net margin of 13.82%. The firm had revenue of $26.90 million for the quarter, compared to the consensus estimate of $29.50 million. During the same period last year, the company posted $0.11 earnings per share. The business’s revenue was down 20.2% compared to the same quarter last year. research analysts anticipate that IMPINJ will post -1.37 EPS for the current fiscal year.
In other IMPINJ news, CFO Evan Fein sold 5,700 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 17,500 shares in the company, valued at $437,675. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jeffrey Dossett acquired 8,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was bought at an average price of $12.75 per share, for a total transaction of $102,000.00. The disclosure for this purchase can be found here. 15.20% of the stock is owned by insiders.
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Impinj, Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. The company's platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach-to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs.
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