Shares of IMPINJ Inc (NYSE:PI) were down 5.8% on Tuesday . The stock traded as low as $33.78 and last traded at $34.22, with a volume of 632,785 shares. The stock had previously closed at $36.33.

Several analysts recently weighed in on PI shares. Pacific Crest reissued an “overweight” rating and set a $29.00 price target (up from $24.00) on shares of IMPINJ in a report on Sunday, September 4th. Needham & Company LLC reissued a “buy” rating and set a $28.00 price target (up from $24.00) on shares of IMPINJ in a report on Saturday, September 3rd. Royal Bank Of Canada lifted their price target on IMPINJ from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, September 1st. Piper Jaffray Cos. started coverage on IMPINJ in a report on Monday, August 15th. They set an “overweight” rating and a $24.00 price target for the company. Finally, RBC Capital Markets reissued an “outperform” rating and set a $30.00 price target (up from $25.00) on shares of IMPINJ in a report on Thursday, September 1st. Six research analysts have rated the stock with a buy rating, IMPINJ has a consensus rating of “Buy” and a consensus target price of $28.67.

The company’s market capitalization is $623.33 million. The firm’s 50-day moving average is $26.33 and its 200 day moving average is $24.81.

IMPINJ (NYSE:PI) last issued its quarterly earnings data on Thursday, September 1st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. The company earned $47.60 million during the quarter, compared to analysts’ expectations of $25.31 million. IMPINJ’s revenue was up 35.2% compared to the same quarter last year. Equities analysts anticipate that IMPINJ Inc will post $0.11 earnings per share for the current fiscal year.

In other IMPINJ news, Director Tom A. Alberg bought 35,714 shares of IMPINJ stock in a transaction dated Tuesday, July 26th. The stock was bought at an average cost of $14.00 per share, with a total value of $499,996.00. Following the completion of the acquisition, the director now directly owns 35,714 shares in the company, valued at approximately $499,996. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

About IMPINJ

Impinj, Inc is a provider of referral and information network (RAIN) radio frequency identification (RFID) solutions that provide item intelligence in the retail, pharmaceutical, healthcare, food and beverage, and other industries. The Company’s products include reader chips, tag chips, readers, gateways and software.

5 Day Chart for NYSE:PI

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