Susquehanna Raises Impinj (NASDAQ:PI) Price Target to $140.00

Impinj (NASDAQ:PI) had its target price hoisted by Susquehanna from $130.00 to $140.00 in a report issued on Tuesday morning, Benzinga reports. Susquehanna currently has a positive rating on the stock.

A number of other equities research analysts have also weighed in on the company. Canaccord Genuity Group lifted their price objective on Impinj from $130.00 to $150.00 and gave the company a buy rating in a report on Thursday, March 14th. The Goldman Sachs Group boosted their price target on Impinj from $89.00 to $115.00 and gave the stock a buy rating in a research note on Friday, February 9th. StockNews.com raised Impinj to a sell rating in a research note on Friday, February 9th. Needham & Company LLC boosted their price target on Impinj from $120.00 to $130.00 and gave the stock a buy rating in a research note on Thursday, March 14th. Finally, Roth Mkm boosted their price target on Impinj from $115.00 to $125.00 and gave the stock a buy rating in a research note on Thursday, March 14th. Two research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the stock. According to MarketBeat, Impinj presently has an average rating of Moderate Buy and an average price target of $128.33.

Impinj Stock Performance

Shares of PI opened at $155.55 on Tuesday. Impinj has a twelve month low of $48.39 and a twelve month high of $156.41. The stock’s 50 day moving average is $118.27 and its two-hundred day moving average is $94.35. The company has a quick ratio of 5.59, a current ratio of 8.73 and a debt-to-equity ratio of 8.26.

Impinj (NASDAQ:PI) last announced its quarterly earnings data on Wednesday, April 24th. The company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.14. Impinj had a negative return on equity of 81.75% and a negative net margin of 1.90%. The company had revenue of $76.83 million for the quarter, compared to analyst estimates of $73.57 million. On average, equities analysts expect that Impinj will post -0.62 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Chris Ph.D. Diorio sold 16,060 shares of Impinj stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $101.16, for a total transaction of $1,624,629.60. Following the completion of the transaction, the chief executive officer now directly owns 278,863 shares in the company, valued at approximately $28,209,781.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Impinj news, CFO Cary Baker sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $102.14, for a total value of $2,042,800.00. Following the completion of the transaction, the chief financial officer now directly owns 55,432 shares in the company, valued at approximately $5,661,824.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Chris Ph.D. Diorio sold 16,060 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $101.16, for a total value of $1,624,629.60. Following the completion of the transaction, the chief executive officer now owns 278,863 shares of the company’s stock, valued at $28,209,781.08. The disclosure for this sale can be found here. Insiders sold 120,185 shares of company stock worth $12,767,674 in the last ninety days. Insiders own 17.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Impinj by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 174,037 shares of the company’s stock worth $9,577,000 after buying an additional 8,038 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Impinj during the 3rd quarter worth $320,000. FMR LLC increased its holdings in shares of Impinj by 0.8% during the 3rd quarter. FMR LLC now owns 4,028,894 shares of the company’s stock worth $221,710,000 after buying an additional 31,289 shares during the last quarter. Telemus Capital LLC acquired a new stake in shares of Impinj during the 4th quarter worth $298,000. Finally, AWM Investment Company Inc. increased its holdings in shares of Impinj by 9.5% during the 3rd quarter. AWM Investment Company Inc. now owns 365,428 shares of the company’s stock worth $20,110,000 after buying an additional 31,556 shares during the last quarter.

Impinj Company Profile

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.