Morgan Stanley Cuts IMPINJ (PI) Price Target to $14.00
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.
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.
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.
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