Analysts forecast that IMPINJ Inc (NASDAQ:PI) will report sales of $37.90 million for the current quarter, according to Zacks. Two analysts have provided estimates for IMPINJ’s earnings, with estimates ranging from $37.80 million to $38.00 million. IMPINJ posted sales of $34.62 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.5%. The business is scheduled to issue its next earnings results after the market closes on Monday, March 2nd.
According to Zacks, analysts expect that IMPINJ will report full-year sales of $149.98 million for the current fiscal year, with estimates ranging from $149.80 million to $150.15 million. For the next financial year, analysts expect that the business will report sales of $172.89 million, with estimates ranging from $169.00 million to $175.60 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for IMPINJ.
PI has been the subject of a number of analyst reports. BidaskClub lowered shares of IMPINJ from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. TheStreet lowered shares of IMPINJ from a “c-” rating to a “d+” rating in a research note on Tuesday, December 31st. Needham & Company LLC raised their price objective on shares of IMPINJ from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. ValuEngine lowered shares of IMPINJ from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 11th. Finally, Zacks Investment Research lowered shares of IMPINJ from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $37.80.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can purchased a new position in IMPINJ during the fourth quarter valued at approximately $29,000. Hussman Strategic Advisors Inc. purchased a new position in IMPINJ during the third quarter valued at approximately $31,000. Bank of Montreal Can lifted its holdings in IMPINJ by 57.1% during the fourth quarter. Bank of Montreal Can now owns 2,253 shares of the company’s stock valued at $58,000 after purchasing an additional 819 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in IMPINJ during the third quarter valued at approximately $61,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in IMPINJ during the fourth quarter valued at approximately $63,000. Institutional investors own 77.26% of the company’s stock.
NASDAQ PI traded down $0.19 during trading hours on Friday, reaching $31.51. 205,401 shares of the company’s stock traded hands, compared to its average volume of 449,577. IMPINJ has a 52-week low of $16.07 and a 52-week high of $40.24. The firm has a market cap of $697.25 million, a PE ratio of -31.83, a PEG ratio of 30.74 and a beta of 2.41. The firm has a 50-day simple moving average of $30.59 and a 200 day simple moving average of $32.39. The company has a debt-to-equity ratio of 0.39, a current ratio of 5.90 and a quick ratio of 4.21.
Impinj, Inc operates a platform that enables wireless connectivity for everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. Its integrated platform connects everyday items to applications, delivering real-time information to businesses about items they create, manage, transport, and sell.
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