IMPINJ (PI) Receiving Somewhat Favorable Media Coverage, Study Finds

Media coverage about IMPINJ (NASDAQ:PI) has been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. IMPINJ earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.3024421751183 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern’s rankings:

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NASDAQ PI traded down $0.20 during trading hours on Friday, hitting $13.27. The company had a trading volume of 258,479 shares, compared to its average volume of 362,014. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.52 and a quick ratio of 4.15. IMPINJ has a 1-year low of $9.95 and a 1-year high of $60.85. The company has a market capitalization of $282.89, a PE ratio of -45.76 and a beta of 1.54.

IMPINJ (NASDAQ:PI) last released its quarterly earnings data on Thursday, February 15th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.09). IMPINJ had a negative net margin of 13.82% and a negative return on equity of 6.01%. The company had revenue of $26.90 million during the quarter, compared to analyst estimates of $29.50 million. During the same quarter in the prior year, the company earned $0.11 EPS. The business’s revenue was down 20.2% on a year-over-year basis. research analysts expect that IMPINJ will post -1.37 earnings per share for the current year.

A number of research firms have recently weighed in on PI. Royal Bank of Canada lowered IMPINJ from an “outperform” rating to a “sector perform” rating and set a $17.00 price objective on the stock. in a research report on Friday, February 2nd. Dougherty & Co lowered IMPINJ from a “buy” rating to a “neutral” rating in a research report on Friday, February 2nd. ValuEngine lowered IMPINJ from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Piper Jaffray cut their price objective on IMPINJ from $27.50 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. Finally, Zacks Investment Research lowered IMPINJ from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. IMPINJ has a consensus rating of “Hold” and an average price target of $26.29.

In other 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 completion of the sale, the chief financial officer now directly owns 17,500 shares of the company’s stock, valued at $437,675. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Oppen Peter H. Van bought 47,773 shares of IMPINJ stock in a transaction dated Friday, February 23rd. The stock was acquired at an average cost of $12.61 per share, with a total value of $602,417.53. Following the completion of the acquisition, the director now directly owns 82,455 shares of the company’s stock, valued at approximately $1,039,757.55. The disclosure for this purchase can be found here. 15.20% of the stock is currently owned by corporate insiders.

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About IMPINJ

Impinj, Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. The company's platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which 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.

Insider Buying and Selling by Quarter for IMPINJ (NASDAQ:PI)

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