Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Impinj (PI) Share Price

News stories about Impinj (NASDAQ:PI) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Impinj earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 44.5553459567384 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:

Several brokerages have weighed in on PI. Dougherty & Co dropped their price target on shares of Impinj from $62.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 2nd. Royal Bank Of Canada dropped their price target on shares of Impinj from $50.00 to $41.00 and set an “outperform” rating for the company in a research report on Thursday, November 2nd. Piper Jaffray Companies cut shares of Impinj from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 2nd. KeyCorp reissued a “hold” rating on shares of Impinj in a research report on Friday, November 3rd. Finally, BidaskClub cut shares of Impinj from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $36.67.

Impinj (PI) traded down $0.10 during trading hours on Friday, hitting $23.46. 210,168 shares of the stock traded hands, compared to its average volume of 745,988. Impinj has a 12-month low of $19.97 and a 12-month high of $60.85. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.49 and a quick ratio of 4.97.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, November 1st. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.04). The company had revenue of $32.60 million during the quarter, compared to analysts’ expectations of $32.58 million. Impinj had a negative return on equity of 1.15% and a negative net margin of 5.97%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. research analysts forecast that Impinj will post -0.41 earnings per share for the current year.

In other news, COO Eric Brodersen sold 3,500 shares of Impinj stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $39.36, for a total value of $137,760.00. Following the completion of the sale, the chief operating officer now directly owns 92,843 shares in the company, valued at $3,654,300.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Clinton Bybee purchased 4,000 shares of Impinj stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $24.43 per share, with a total value of $97,720.00. Following the completion of the purchase, the director now directly owns 4,417 shares of the company’s stock, valued at $107,907.31. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 26,200 shares of company stock valued at $895,109. 15.20% of the stock is owned by company insiders.

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About Impinj

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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