Impinj (NASDAQ:PI) Price Target Raised to $115.00 at Roth Mkm

Impinj (NASDAQ:PIFree Report) had its price objective increased by Roth Mkm from $95.00 to $115.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also issued reports on the company. The Goldman Sachs Group raised their price target on Impinj from $89.00 to $115.00 and gave the stock a buy rating in a research note on Friday. Needham & Company LLC increased their price target on shares of Impinj from $115.00 to $120.00 and gave the stock a buy rating in a research note on Friday. Susquehanna increased their target price on Impinj from $115.00 to $130.00 and gave the stock a positive rating in a research report on Friday. Finally, StockNews.com upgraded Impinj to a sell rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $106.43.

Check Out Our Latest Research Report on Impinj

Impinj Trading Down 1.1 %

Shares of PI opened at $108.85 on Friday. Impinj has a fifty-two week low of $48.39 and a fifty-two week high of $144.90. The stock has a fifty day moving average of $91.48 and a two-hundred day moving average of $73.44. The company has a debt-to-equity ratio of 8.09, a quick ratio of 4.92 and a current ratio of 8.09. The company has a market capitalization of $2.95 billion, a PE ratio of -67.19 and a beta of 2.04.

Insider Buying and Selling

In other Impinj news, CFO Cary Baker sold 1,468 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $82.94, for a total value of $121,755.92. Following the sale, the chief financial officer now directly owns 53,821 shares in the company, valued at $4,463,913.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Impinj news, CFO Cary Baker sold 1,468 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $82.94, for a total transaction of $121,755.92. Following the sale, the chief financial officer now directly owns 53,821 shares in the company, valued at approximately $4,463,913.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Chris Ph.D. Diorio sold 1,001 shares of Impinj stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $89.76, for a total value of $89,849.76. Following the transaction, the chief executive officer now owns 251,041 shares in the company, valued at $22,533,440.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,565 shares of company stock valued at $473,718. Insiders own 17.10% of the company’s stock.

Institutional Trading of Impinj

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James & Associates increased its holdings in shares of Impinj by 3.3% in the first quarter. Raymond James & Associates now owns 17,095 shares of the company’s stock valued at $1,086,000 after buying an additional 540 shares in the last quarter. HighTower Advisors LLC increased its stake in Impinj by 21.7% in the 1st quarter. HighTower Advisors LLC now owns 7,326 shares of the company’s stock worth $466,000 after purchasing an additional 1,305 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Impinj by 55.2% during the first quarter. MetLife Investment Management LLC now owns 10,123 shares of the company’s stock valued at $643,000 after buying an additional 3,601 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Impinj by 2.7% in the first quarter. Rhumbline Advisers now owns 19,620 shares of the company’s stock worth $1,247,000 after buying an additional 516 shares during the period. Finally, BlackRock Inc. increased its position in shares of Impinj by 1.5% in the first quarter. BlackRock Inc. now owns 1,412,629 shares of the company’s stock worth $89,758,000 after acquiring an additional 20,404 shares in the last quarter.

About Impinj

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Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform, which comprises multiple product families, wirelessly connects individual items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.

Further Reading

Analyst Recommendations for Impinj (NASDAQ:PI)

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