Brokerages forecast that IMPINJ Inc (NASDAQ:PI) will report ($0.33) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for IMPINJ’s earnings, with the lowest EPS estimate coming in at ($0.34) and the highest estimate coming in at ($0.31). IMPINJ reported earnings of $0.06 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 650%. The business is expected to issue its next earnings report after the market closes on Monday, August 6th.
On average, analysts expect that IMPINJ will report full year earnings of ($1.17) per share for the current fiscal year, with EPS estimates ranging from ($1.40) to ($0.87). For the next year, analysts expect that the company will post earnings of ($0.91) per share, with EPS estimates ranging from ($1.03) to ($0.80). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for IMPINJ.
PI has been the subject of several analyst reports. BidaskClub raised shares of IMPINJ from a “hold” rating to a “buy” rating in a research note on Wednesday, July 4th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $19.00 price target on shares of IMPINJ in a research note on Tuesday, June 19th. Canaccord Genuity raised shares of IMPINJ from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Tuesday, May 8th. ValuEngine raised shares of IMPINJ from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. Finally, Zacks Investment Research downgraded shares of IMPINJ from a “hold” rating to a “sell” rating in a research note on Friday, May 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.00.
Large investors have recently bought and sold shares of the business. Rainier Group Investment Advisory LLC acquired a new stake in IMPINJ in the first quarter worth $104,000. MetLife Investment Advisors LLC acquired a new stake in IMPINJ in the fourth quarter worth $193,000. Guggenheim Capital LLC grew its holdings in shares of IMPINJ by 81.0% during the fourth quarter. Guggenheim Capital LLC now owns 10,701 shares of the company’s stock valued at $239,000 after buying an additional 4,790 shares during the last quarter. LPL Financial LLC grew its holdings in shares of IMPINJ by 72.6% during the first quarter. LPL Financial LLC now owns 21,914 shares of the company’s stock valued at $285,000 after buying an additional 9,214 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of IMPINJ during the first quarter valued at about $307,000. Institutional investors and hedge funds own 70.64% 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.
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