RBC Capital Markets reaffirmed their outperform rating on shares of IMPINJ Inc (NYSE:PI) in a research report released on Monday morning. They currently have a $37.00 target price on the stock.

Other research analysts have also recently issued research reports about the stock. Pacific Crest began coverage on shares of IMPINJ in a research report on Monday, August 15th. They issued an overweight rating and a $24.00 target price for the company. Royal Bank Of Canada began coverage on shares of IMPINJ in a report on Monday, August 15th. They issued an outperform rating and a $25.00 price objective for the company. Canaccord Genuity began coverage on shares of IMPINJ in a report on Monday, August 15th. They issued a buy rating and a $25.00 price objective for the company. Needham & Company LLC began coverage on shares of IMPINJ in a report on Monday, August 15th. They issued a buy rating and a $24.00 price objective for the company. Finally, Piper Jaffray Cos. began coverage on shares of IMPINJ in a report on Monday, August 15th. They issued an overweight rating and a $24.00 price objective for the company. Eight analysts have rated the stock with a buy rating, IMPINJ currently has an average rating of Buy and a consensus price target of $31.13.

Analyst Recommendations for IMPINJ (NYSE:PI)

IMPINJ (NYSE:PI) opened at 30.95 on Monday. The firm’s market capitalization is $551.22 million. The company’s 50 day moving average price is $29.92 and its 200 day moving average price is $27.02. IMPINJ has a 12 month low of $16.36 and a 12 month high of $38.43.

IMPINJ (NYSE:PI) last posted its earnings results on Thursday, November 3rd. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.06 by $0.04. The firm earned $31 million during the quarter, compared to the consensus estimate of $28.39 million. The business’s revenue for the quarter was up 49.8% on a year-over-year basis. Analysts anticipate that IMPINJ will post $0.20 EPS for the current year.

Large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN bought a new stake in IMPINJ during the third quarter worth about $141,000. Teachers Advisors LLC bought a new stake in IMPINJ during the third quarter worth about $222,000. Brighton Jones LLC bought a new stake in IMPINJ during the third quarter worth about $233,000. Emerald Acquisition Ltd. bought a new stake in IMPINJ during the third quarter worth about $267,000. Finally, Monashee Investment Management LLC bought a new stake in IMPINJ during the third quarter worth about $338,000.

About IMPINJ

Impinj, Inc is a United States-based provider of referral and information network (RAIN) radio frequency identification (RFID) solutions that provide Item Intelligence in retail, pharmaceutical, healthcare, food and beverage, and manufacturing and supply chain logistics. The Company offers a platform, Impinj that uses RAIN RFID, wirelessly connecting and networking everyday items, including inventory and assets, to software applications, such as enterprise resource planning systems and management systems.

5 Day Chart for NYSE:PI

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