Impinj, Inc. (PI) on Focus After Raising In Today’s Session

February 15, 2018 - By Migdalia James

The stock of Impinj, Inc. (NASDAQ:PI) is a huge mover today! The stock increased 5.77% or $0.745 during the last trading session, reaching $13.655. About 1.01 million shares traded or 19.54% up from the average. Impinj, Inc. (NASDAQ:PI) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.
The move comes after 9 months positive chart setup for the $286.19 million company. It was reported on Feb, 15 by Barchart.com. We have $14.06 PT which if reached, will make NASDAQ:PI worth $8.59M more.

Impinj, Inc. (NASDAQ:PI) Ratings Coverage

Among 9 analysts covering Impinj (NASDAQ:PI), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Impinj had 28 analyst reports since August 15, 2016 according to SRatingsIntel. Canaccord Genuity maintained Impinj, Inc. (NASDAQ:PI) rating on Friday, August 4. Canaccord Genuity has “Buy” rating and $50 target. The firm earned “Buy” rating on Monday, October 30 by RBC Capital Markets. The firm has “Neutral” rating given on Thursday, November 2 by PiperJaffray. The rating was maintained by KeyBanc Capital Markets on Monday, September 26 with “Overweight”. The stock of Impinj, Inc. (NASDAQ:PI) earned “Overweight” rating by PiperJaffray on Monday, August 15. The firm has “Overweight” rating by Pacific Crest given on Monday, August 15. RBC Capital Markets maintained the shares of PI in report on Thursday, September 1 with “Outperform” rating. As per Monday, June 19, the company rating was downgraded by Morgan Stanley. The rating was initiated by Needham with “Buy” on Monday, August 15. On Wednesday, August 23 the stock rating was maintained by KeyBanc Capital Markets with “Hold”.

More notable recent Impinj, Inc. (NASDAQ:PI) news were published by: Nasdaq.com which released: “Earnings Reaction History: IMPINJ INC, 60.0% Follow-Through Indicator, 17.7 …” on February 15, 2018, also Streetinsider.com with their article: “Piper Jaffray Upgrades Impinj Inc (PI) to Overweight, Potential Acquisition Target” published on February 06, 2018, Prnewswire.com published: “Impinj (PI) ALERT: Shareholder Rights Law Firm Johnson Fistel, LLP Initiates …” on February 02, 2018. More interesting news about Impinj, Inc. (NASDAQ:PI) were released by: Globenewswire.com and their article: “Impinj to Announce Fourth Quarter and Year 2017 Financial Results” published on January 16, 2018 as well as Seekingalpha.com‘s news article titled: “Impinj plunges 32% after cutting outlook; CFO out” with publication date: February 02, 2018.

Impinj, Inc. operates a platform that enables wireless connectivity to everyday items by delivering each itemsÂ’ unique identity, location, and authenticity to business and consumer applications. The company has market cap of $286.19 million. The Company’s platform delivers Item Intelligence, which include real-time information about an itemÂ’s unique identity, location, and authenticity through RAIN radio-frequency identification technology. It currently has negative earnings. The companyÂ’s platform includes endpoint integrated circuits product, a miniature radios-on-a-chip that attach-to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.