Equities research analysts predict that IMPINJ Inc (NASDAQ:PI) will announce earnings of ($0.01) per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for IMPINJ’s earnings. The lowest EPS estimate is ($0.06) and the highest is $0.01. IMPINJ posted earnings of ($0.09) per share during the same quarter last year, which indicates a positive year over year growth rate of 88.9%. The business is scheduled to announce its next quarterly earnings results after the market closes on Monday, March 2nd.

According to Zacks, analysts expect that IMPINJ will report full-year earnings of $0.01 per share for the current fiscal year, with EPS estimates ranging from $0.01 to $0.02. For the next year, analysts forecast that the company will report earnings of $0.05 per share, with EPS estimates ranging from ($0.01) to $0.18. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for IMPINJ.

Several research firms have weighed in on PI. TheStreet downgraded IMPINJ from a “c-” rating to a “d+” rating in a research report on Tuesday, December 31st. Zacks Investment Research downgraded IMPINJ from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. BidaskClub downgraded IMPINJ from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Needham & Company LLC lifted their target price on IMPINJ from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Finally, ValuEngine downgraded IMPINJ from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $37.80.

NASDAQ PI traded down $0.19 during trading on Friday, hitting $31.51. The stock had a trading volume of 205,401 shares, compared to its average volume of 449,577. The company has a market capitalization of $697.25 million, a PE ratio of -31.83, a PEG ratio of 30.74 and a beta of 2.41. The company has a quick ratio of 4.21, a current ratio of 5.90 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average price of $30.59 and a 200 day moving average price of $32.39. IMPINJ has a twelve month low of $16.07 and a twelve month high of $40.24.

In other news, COO Eric Brodersen sold 3,000 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $30.64, for a total transaction of $91,920.00. Following the completion of the transaction, the chief operating officer now directly owns 2,600 shares of the company’s stock, valued at $79,664. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 28.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. boosted its holdings in IMPINJ by 44.2% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 981,806 shares of the company’s stock valued at $30,269,000 after purchasing an additional 300,788 shares in the last quarter. State Street Corp boosted its holdings in IMPINJ by 58.6% in the third quarter. State Street Corp now owns 488,619 shares of the company’s stock valued at $15,064,000 after purchasing an additional 180,513 shares in the last quarter. Vanguard Group Inc. boosted its holdings in IMPINJ by 28.2% in the second quarter. Vanguard Group Inc. now owns 604,615 shares of the company’s stock valued at $17,304,000 after purchasing an additional 132,865 shares in the last quarter. Morgan Stanley boosted its holdings in IMPINJ by 198.0% in the second quarter. Morgan Stanley now owns 196,734 shares of the company’s stock valued at $5,630,000 after purchasing an additional 130,719 shares in the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in IMPINJ in the second quarter valued at approximately $2,857,000. 77.26% of the stock is owned by institutional investors and hedge funds.

About IMPINJ

Impinj, Inc operates a platform that enables wireless connectivity for everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. Its integrated platform connects everyday items to applications, delivering real-time information to businesses about items they create, manage, transport, and sell.

Read More: Asset Allocation, Balancing Your Investments

Get a free copy of the Zacks research report on IMPINJ (PI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for IMPINJ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMPINJ and related companies with MarketBeat.com's FREE daily email newsletter.