Piper Jaffray Companies upgraded shares of IMPINJ (NASDAQ:PI) from a neutral rating to an overweight rating in a research note released on Tuesday morning, Marketbeat reports.

A number of other research analysts also recently issued reports on the stock. Morgan Stanley dropped their price target on shares of IMPINJ from $27.00 to $14.00 and set an equal weight rating on the stock in a research report on Monday. Dougherty & Co downgraded shares of IMPINJ from a buy rating to a neutral rating in a research report on Friday, February 2nd. Needham & Company LLC downgraded shares of IMPINJ from a buy rating to a hold rating in a research report on Friday, February 2nd. Canaccord Genuity downgraded shares of IMPINJ from a buy rating to a hold rating and dropped their price target for the stock from $35.00 to $20.00 in a research report on Friday, February 2nd. Finally, Royal Bank of Canada downgraded shares of IMPINJ from an outperform rating to a sector perform rating and set a $17.00 price target on the stock. in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $26.29.

IMPINJ (NASDAQ:PI) opened at $12.05 on Tuesday. IMPINJ has a 1 year low of $11.31 and a 1 year high of $60.85. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.97 and a current ratio of 7.49.

In other IMPINJ news, CFO Evan Fein sold 5,700 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $25.01, for a total transaction of $142,557.00. Following the transaction, the chief financial officer now owns 17,500 shares in the company, valued at $437,675. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Eric Brodersen sold 5,400 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $25.43, for a total transaction of $137,322.00. Following the transaction, 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 have sold a total of 14,400 shares of company stock worth $363,006 in the last quarter. 15.20% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PI. Schwab Charles Investment Management Inc. raised its holdings in IMPINJ by 216.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 30,100 shares of the company’s stock worth $1,465,000 after buying an additional 20,600 shares during the last quarter. Legal & General Group Plc raised its holdings in IMPINJ by 221.3% during the second quarter. Legal & General Group Plc now owns 4,520 shares of the company’s stock worth $223,000 after buying an additional 3,113 shares during the last quarter. Swiss National Bank raised its holdings in IMPINJ by 52.2% during the second quarter. Swiss National Bank now owns 27,400 shares of the company’s stock worth $1,333,000 after buying an additional 9,400 shares during the last quarter. Wells Fargo & Company MN raised its holdings in IMPINJ by 137.8% during the second quarter. Wells Fargo & Company MN now owns 17,098 shares of the company’s stock worth $832,000 after buying an additional 9,909 shares during the last quarter. Finally, Teachers Advisors LLC raised its holdings in IMPINJ by 174.2% during the second quarter. Teachers Advisors LLC now owns 32,599 shares of the company’s stock worth $1,586,000 after buying an additional 20,709 shares during the last quarter. 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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