IMPINJ Inc (PI) PT Raised to $36.00
IMPINJ Inc (NYSE:PI) had its price objective boosted by stock analysts at KeyCorp from $29.00 to $36.00 in a research note issued to investors on Monday. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price objective would indicate a potential upside of 0.90% from the company’s previous close.
PI has been the topic of a number of other reports. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 target price (up from $24.00) on shares of IMPINJ in a research note on Saturday, September 3rd. Piper Jaffray Cos. initiated coverage on IMPINJ in a research note on Monday, August 15th. They issued an “overweight” rating and a $24.00 target price on the stock. Canaccord Genuity initiated coverage on IMPINJ in a research note on Monday, August 15th. They issued a “buy” rating and a $25.00 target price on the stock. Pacific Crest initiated coverage on IMPINJ in a research note on Monday, August 15th. They issued an “overweight” rating and a $24.00 target price on the stock. Finally, Royal Bank Of Canada raised their target price on IMPINJ from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, September 1st. Seven research analysts have rated the stock with a buy rating, IMPINJ currently has an average rating of “Buy” and a consensus price target of $29.71.
Shares of IMPINJ (NYSE:PI) opened at 35.68 on Monday. The stock’s market capitalization is $635.46 million. The company has a 50 day moving average of $28.01 and a 200 day moving average of $25.57. IMPINJ has a 52-week low of $16.36 and a 52-week high of $37.86.
IMPINJ (NYSE:PI) last announced its quarterly earnings data on Thursday, September 1st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.04. The firm had revenue of $47.60 million for the quarter, compared to the consensus estimate of $25.31 million. The business’s revenue was up 35.2% compared to the same quarter last year. Analysts predict that IMPINJ will post $0.11 EPS for the current fiscal year.
In other IMPINJ news, Director Tom A. Alberg purchased 35,714 shares of the stock in a transaction dated Tuesday, July 26th. The shares were bought at an average cost of $14.00 per share, with a total value of $499,996.00. Following the completion of the acquisition, the director now owns 35,714 shares of the company’s stock, valued at $499,996. The purchase was disclosed in a filing with the SEC, which is available through this link.
Impinj, Inc is a provider of referral and information network (RAIN) radio frequency identification (RFID) solutions that provide item intelligence in the retail, pharmaceutical, healthcare, food and beverage, and other industries. The Company’s products include reader chips, tag chips, readers, gateways and software.
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