A number of other equities research analysts have also commented on the company. BidaskClub lowered IMPINJ from a buy rating to a hold rating in a research report on Wednesday, March 27th. Dougherty & Co reiterated a neutral rating on shares of IMPINJ in a research report on Thursday, February 21st. Finally, Zacks Investment Research upgraded IMPINJ from a hold rating to a buy rating and set a $22.00 price target on the stock in a research report on Friday, February 22nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. IMPINJ has a consensus rating of Buy and a consensus target price of $23.33.
Shares of PI opened at $17.44 on Monday. IMPINJ has a 12-month low of $11.57 and a 12-month high of $28.48. The company has a quick ratio of 3.32, a current ratio of 5.26 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $360.14 million, a price-to-earnings ratio of -25.65 and a beta of 2.25.
Institutional investors have recently made changes to their positions in the stock. Citigroup Inc. boosted its holdings in IMPINJ by 14,485.7% in the fourth quarter. Citigroup Inc. now owns 2,042 shares of the company’s stock worth $30,000 after acquiring an additional 2,028 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in IMPINJ by 363.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,186 shares of the company’s stock worth $90,000 after acquiring an additional 4,852 shares in the last quarter. Bank of America Corp DE boosted its holdings in IMPINJ by 5.3% in the fourth quarter. Bank of America Corp DE now owns 14,086 shares of the company’s stock worth $205,000 after acquiring an additional 711 shares in the last quarter. Virtu Financial LLC bought a new position in IMPINJ in the fourth quarter worth approximately $236,000. Finally, Two Sigma Investments LP boosted its holdings in IMPINJ by 52.0% in the fourth quarter. Two Sigma Investments LP now owns 17,940 shares of the company’s stock worth $261,000 after acquiring an additional 6,140 shares in the last quarter. Institutional investors own 65.85% of the company’s stock.
IMPINJ Company Profile
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.
Read More: What Are Treasury Bonds?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for IMPINJ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMPINJ and related companies with MarketBeat.com's FREE daily email newsletter.