<div id="readability-page-1"><p>Impinj, Inc. (NASDAQ:PI - Get Free Report) has earned an average recommendation of &#34;Moderate Buy&#34; from the ten brokerages that are  covering the stock, MarketBeat Ratings reports. One equities research analyst  has rated the stock with a hold rating and nine have issued  a buy rating on  the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $224.60.</p><ul><li>93% Gain for Impinj Stock—Here’s Why It Could Climb Higher</li></ul><p>Several equities analysts have commented on PI shares. Susquehanna raised their target price on shares of Impinj from $215.00 to $260.00 and gave the company a &#34;positive&#34; rating in a report on Monday, October 21st. Evercore ISI  reissued an &#34;outperform&#34; rating and issued a $270.00 price objective (up from $205.00) on shares of Impinj in a research note on Thursday, October 24th. Cantor Fitzgerald boosted their price objective on shares of Impinj from $205.00 to $260.00 and gave the company an &#34;overweight&#34; rating in a research report on Thursday, October 24th. Needham &amp; Company LLC raised their target price on Impinj from $195.00 to $245.00 and gave the company a &#34;buy&#34; rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group lifted their price target on Impinj from $165.00 to $200.00 and gave the company a &#34;neutral&#34; rating in a research note on Friday, October 25th.</p><p><b>Check Out Our Latest Stock Analysis on PI</b></p><h2>Impinj Stock Up 1.5 %</h2><ul><li>Samsara Gains on IoT Trends Despite Stock Dip</li></ul><p>Shares of NASDAQ:PI opened at $191.04 on Friday. Impinj has a 12-month low of $78.17 and a 12-month high of $239.88. The business has a 50 day moving average of $206.07 and a 200-day moving average of $176.56. The stock has a market cap of $5.40 billion, a PE ratio of 214.65 and a beta of 1.81. </p><p>Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. Impinj had a net margin of 8.21% and a negative return on equity of 1.64%. The business had revenue of $95.20 million during the quarter, compared to analysts' expectations of $92.86 million. During the same quarter in the previous year, the company earned ($0.36) EPS. The business's revenue was up 46.5% on a year-over-year basis.  Equities research analysts expect that  Impinj will post 0.4 earnings per share for the current year. </p><h2>Insiders Place Their Bets</h2><ul><li>Impinj Proves The Internet-of-Things (IoT) is No Fluke</li></ul><p>In related news, CRO Jeffrey Dossett sold 7,500 shares of the company's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $181.17, for a total transaction of $1,358,775.00. Following the sale, the executive now owns 65,294 shares in the company, valued at $11,829,313.98. This represents a 10.30 % decrease in their position. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at the SEC website. Also, major shareholder Sylebra Capital Llc purchased 4,264,393 shares of the company's stock in a transaction on Friday, September 13th. The stock was acquired at an average cost of $4.69 per share, for a total transaction of $20,000,003.17. Following the completion of the purchase, the insider now owns 33,050,456 shares of the company's stock, valued at approximately $155,006,638.64. This trade represents a 14.81 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 655,674 shares of company stock worth $131,623,305. 51.00% of the stock is currently owned by insiders. </p><h2>Institutional Investors Weigh In On Impinj</h2><p>A number of hedge funds have recently added to or reduced their stakes in PI. National Bank of Canada FI acquired a new position in shares of  Impinj during the third quarter valued at about $30,000.  Farther Finance Advisors LLC boosted its stake in  Impinj by 1,084.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 154 shares of the company's stock valued at $33,000 after purchasing an additional 141 shares during the last quarter.  Future Financial Wealth Managment LLC bought a new stake in  Impinj during the 3rd quarter worth approximately $54,000.  SouthState Corp purchased a new stake in shares of  Impinj in the second quarter worth approximately $94,000.  Finally, nVerses Capital LLC lifted its holdings in shares of  Impinj by 75.0% in the second quarter. nVerses Capital LLC now owns 700 shares of the company's stock valued at $110,000 after purchasing an additional 300 shares in the last quarter. </p><h2>Impinj Company Profile</h2> (Get Free Report<p>Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects 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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Impinj</li><li>Why Special Dividends Can be a Delightful Surprise for Income Investors</li><li>Tesla Investors Continue to Profit From the Trump Trade</li><li>Stock Sentiment Analysis: How it Works</li><li>MicroStrategy’s Stock Dip vs. Coinbase’s Potential Rally</li><li>3 Natural Gas Stocks That Offer Great Dividend Yields</li><li>Netflix Ventures Into Live Sports, Driving Stock Momentum</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UEk?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UEk"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ I hate to say I told you so <span><span>(From WealthPress)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD0xMDQ5Mg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD0xMDQ5Mg"/></p><h2>Should you invest $1,000 in Impinj right now?</h2><p>Before you consider Impinj, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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<p>Impinj, Inc. (NASDAQ:PI) has received a consensus rating of "Moderate Buy" from ten brokerages. Analysts have issued one hold rating and nine buy ratings, with an average 12-month target price of $40.60. Recent price target increases were made by Susquehanna, Evercore ISI, Cantor Fitzgerald, and Needham & Company. Impinj reported earnings of $0.56 per share, exceeding estimates, with a revenue increase of 46.5% year-over-year. Insiders have been active, with significant stock transactions noted. Hedge funds have also adjusted their stakes in the company recently.</p>

Impinj, Inc. (NASDAQ:PI) Given Consensus Rating of "Moderate Buy" by Analysts