IMPINJ Inc (NASDAQ:PI) saw unusually large options trading on Thursday. Stock investors bought 2,260 call options on the company. This represents an increase of approximately 1,526% compared to the typical daily volume of 139 call options.

NASDAQ:PI opened at $25.01 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.67 and a current ratio of 8.00. IMPINJ has a one year low of $9.95 and a one year high of $41.97. The stock has a market capitalization of $401.63 million, a P/E ratio of -86.24 and a beta of 1.59.

IMPINJ (NASDAQ:PI) last released its quarterly earnings results on Wednesday, September 12th. The company reported ($0.19) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.10. IMPINJ had a negative return on equity of 16.72% and a negative net margin of 32.16%. The business had revenue of $28.50 million for the quarter, compared to analysts’ expectations of $28.50 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The company’s revenue was down 16.4% compared to the same quarter last year. equities research analysts predict that IMPINJ will post -1.62 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Rainier Group Investment Advisory LLC acquired a new position in shares of IMPINJ in the first quarter worth about $104,000. Oppenheimer & Co. Inc. acquired a new position in shares of IMPINJ in the second quarter worth about $220,000. Shufro Rose & Co. LLC acquired a new position in shares of IMPINJ in the second quarter worth about $320,000. Sigma Planning Corp acquired a new position in shares of IMPINJ in the second quarter worth about $426,000. Finally, LPL Financial LLC increased its holdings in IMPINJ by 72.6% in the first quarter. LPL Financial LLC now owns 21,914 shares of the company’s stock valued at $285,000 after buying an additional 9,214 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

A number of research analysts have commented on PI shares. Piper Jaffray Companies boosted their price objective on IMPINJ from $26.00 to $31.00 and gave the stock an “overweight” rating in a research note on Thursday. BidaskClub upgraded IMPINJ from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Finally, ValuEngine upgraded IMPINJ from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $27.71.

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.

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