IMPINJ (NASDAQ:PI) had its price objective trimmed by Morgan Stanley from $27.00 to $14.00 in a research note released on Monday morning. The brokerage currently has an equal weight rating on the stock.

A number of other equities analysts have also recently issued reports on PI. BidaskClub cut shares of IMPINJ from a strong-buy rating to a buy rating in a research report on Tuesday, October 10th. Zacks Investment Research cut shares of IMPINJ from a hold rating to a sell rating in a research report on Wednesday, October 11th. Needham & Company LLC cut their price objective on shares of IMPINJ from $48.00 to $45.00 and set a buy rating on the stock in a research report on Thursday, October 26th. Royal Bank of Canada cut their price objective on shares of IMPINJ from $50.00 to $41.00 and set an outperform rating on the stock in a research report on Thursday, November 2nd. Finally, Piper Jaffray Companies cut shares of IMPINJ from an overweight rating to a neutral rating in a research report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $26.29.

Shares of IMPINJ (PI) opened at $11.41 on Monday. The company has a current ratio of 7.49, a quick ratio of 4.97 and a debt-to-equity ratio of 0.06. The company has a market cap of $239.13 and a price-to-earnings ratio of -30.03. IMPINJ has a 1 year low of $11.31 and a 1 year high of $60.85.

In related news, CFO Evan Fein sold 5,700 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $25.01, for a total value of $142,557.00. Following the sale, the chief financial officer now owns 17,500 shares in the company, valued at approximately $437,675. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eric Brodersen sold 5,400 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $25.43, for a total transaction of $137,322.00. Following the completion of the sale, the insider now owns 78,743 shares in the company, valued at approximately $2,002,434.49. The disclosure for this sale can be found here. Insiders sold a total of 14,400 shares of company stock worth $363,006 in the last 90 days. 15.20% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. bought a new position in shares of IMPINJ during the 4th quarter valued at approximately $225,000. Taylor Frigon Capital Management LLC bought a new position in shares of IMPINJ during the 4th quarter valued at approximately $2,056,000. Pier 88 Investment Partners LLC grew its position in shares of IMPINJ by 149.8% during the 4th quarter. Pier 88 Investment Partners LLC now owns 19,178 shares of the company’s stock valued at $432,000 after acquiring an additional 11,500 shares during the period. WealthTrust Arizona LLC bought a new position in shares of IMPINJ during the 4th quarter valued at approximately $144,000. Finally, Hartline Investment Corp grew its position in shares of IMPINJ by 34.6% during the 3rd quarter. Hartline Investment Corp now owns 79,831 shares of the company’s stock valued at $3,322,000 after acquiring an additional 20,501 shares during the period. Hedge funds and other institutional investors own 80.39% of the company’s stock.

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IMPINJ Company Profile

Impinj, Inc is a provider of RAIN radio frequency identification (RFID) solutions. The Company sells a platform that includes endpoint integrated circuits (ICs), reader ICs, readers and gateways that enable wireless connectivity to everyday items, and software that delivers Item Intelligence from endpoint reads.

Analyst Recommendations for IMPINJ (NASDAQ:PI)

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