IMPINJ Inc (NYSE:PI) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of (-0.6) to 0.01 for the period, compared to the Thomson Reuters consensus estimate of $0.02. The company issued revenue guidance of $30-31.5 million, compared to the consensus revenue estimate of $29.30 million.

Shares of IMPINJ Inc (NYSE:PI) traded down 3.10% during midday trading on Thursday, hitting $35.36. The stock had a trading volume of 2,364,552 shares. The stock’s 50 day moving average price is $33.92 and its 200 day moving average price is $30.33. The firm’s market cap is $629.76 million. IMPINJ Inc has a 12 month low of $16.36 and a 12 month high of $41.91.

Several research firms recently commented on PI. Needham & Company LLC reiterated a buy rating and issued a $32.00 price objective on shares of IMPINJ in a report on Wednesday, January 11th. Zacks Investment Research downgraded IMPINJ from a buy rating to a hold rating in a report on Thursday, January 5th. RBC Capital Markets reiterated an outperform rating and issued a $37.00 price objective on shares of IMPINJ in a report on Monday, January 23rd. Finally, Pacific Crest reiterated a buy rating and issued a $36.00 price objective on shares of IMPINJ in a report on Friday, November 4th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $31.63.

In other IMPINJ news, CEO Chris Ph.D. Diorio sold 80,000 shares of the firm’s stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of $27.00, for a total value of $2,160,000.00. Following the transaction, the chief executive officer now directly owns 308,312 shares of the company’s stock, valued at $8,324,424. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

This news story was originally reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this news story can be accessed at http://www.watchlistnews.com/impinj-inc-pi-releases-q1-earnings-guidance/1120906.html.

IMPINJ Company Profile

Impinj, Inc is a provider of RAIN radio frequency identification (RFID) solutions. The Company sells a platform that includes endpoint integrated circuits (ICs), reader ICs, readers and gateways that enable wireless connectivity to everyday items, and software that delivers Item Intelligence from endpoint reads.

5 Day Chart for NYSE:PI

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