Shares of IMPINJ Inc (NYSE:PI) have earned a consensus rating of “Buy” from the eight brokerages that are presently covering the stock. Eight investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $31.13.

PI has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of IMPINJ from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Wednesday, November 2nd. RBC Capital Markets reiterated an “outperform” rating and set a $37.00 price target (up from $30.00) on shares of IMPINJ in a report on Friday, October 7th. Pacific Crest reiterated an “overweight” rating and set a $29.00 price target (up from $24.00) on shares of IMPINJ in a report on Sunday, September 4th. Needham & Company LLC reiterated a “buy” rating and set a $28.00 price target (up from $24.00) on shares of IMPINJ in a report on Saturday, September 3rd. Finally, KeyCorp upped their price target on shares of IMPINJ from $29.00 to $36.00 and gave the stock an “overweight” rating in a report on Monday, September 26th.

Hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN acquired a new stake in shares of IMPINJ during the third quarter valued at $141,000. Morgan Stanley acquired a new stake in shares of IMPINJ during the third quarter valued at $210,000. Teachers Advisors LLC acquired a new stake in shares of IMPINJ during the third quarter valued at $222,000. Brighton Jones LLC acquired a new stake in shares of IMPINJ during the third quarter valued at $233,000. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of IMPINJ during the third quarter valued at $267,000.

Shares of IMPINJ (NYSE:PI) opened at 27.25 on Friday. The company’s 50-day moving average price is $28.34 and its 200 day moving average price is $27.46. IMPINJ has a 52 week low of $16.36 and a 52 week high of $38.43. The firm’s market cap is $485.32 million.

IMPINJ (NYSE:PI) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.06 by $0.04. The firm had revenue of $31 million for the quarter, compared to analyst estimates of $28.39 million. The business’s quarterly revenue was up 49.8% compared to the same quarter last year. On average, equities analysts anticipate that IMPINJ will post $0.20 earnings per share for the current year.

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IMPINJ Company Profile

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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