IMPINJ (PI) Earns Daily News Impact Rating of 0.08

News stories about IMPINJ (NASDAQ:PI) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. IMPINJ earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.0632014617545 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

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

IMPINJ (NASDAQ:PI) traded down $0.27 during trading on Tuesday, reaching $13.66. The company’s stock had a trading volume of 508,276 shares, compared to its average volume of 1,205,010. IMPINJ has a one year low of $9.95 and a one year high of $60.85. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.97 and a current ratio of 7.49. The firm has a market capitalization of $285.76, a PE ratio of -16.26 and a beta of 1.87.

IMPINJ (NASDAQ:PI) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.09). IMPINJ had a negative net margin of 13.82% and a negative return on equity of 5.93%. The business had revenue of $26.90 million during the quarter, compared to analyst estimates of $29.50 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The firm’s quarterly revenue was down 20.2% on a year-over-year basis. analysts anticipate that IMPINJ will post -1.37 earnings per share for the current year.

PI has been the topic of several analyst reports. Morgan Stanley reduced their price objective on IMPINJ from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 13th. BidaskClub cut IMPINJ from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Zacks Investment Research upgraded IMPINJ from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 4th. ValuEngine cut IMPINJ from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada cut IMPINJ from an “outperform” rating to a “sector perform” rating and set a $17.00 price objective on the stock. in a research note on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. IMPINJ presently has an average rating of “Hold” and a consensus target price of $26.29.

In other IMPINJ news, EVP Jeffrey Dossett purchased 8,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were bought at an average cost of $12.75 per share, for a total transaction of $102,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Oppen Peter H. Van purchased 47,773 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was acquired at an average price of $12.61 per share, for a total transaction of $602,417.53. Following the completion of the purchase, the director now owns 82,455 shares of the company’s stock, valued at $1,039,757.55. The disclosure for this purchase can be found here. 15.20% of the stock is owned by company insiders.

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IMPINJ Company Profile

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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