Impinj (NASDAQ:PI – Get Free Report) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.72-$0.77 for the period, compared to the consensus earnings per share estimate of $0.19. The company issued revenue guidance of $96.0-$99.0 million, compared to the consensus revenue estimate of $79.04 million.
Impinj Trading Down 2.2 %
Shares of PI traded down $2.77 during mid-day trading on Wednesday, reaching $120.91. The company had a trading volume of 789,820 shares, compared to its average volume of 371,259. Impinj has a 52-week low of $48.39 and a 52-week high of $139.46. The company has a quick ratio of 5.59, a current ratio of 8.73 and a debt-to-equity ratio of 8.26. The stock has a 50 day moving average of $116.94 and a two-hundred day moving average of $93.73.
Impinj (NASDAQ:PI – Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.11. The company had revenue of $70.65 million for the quarter, compared to the consensus estimate of $67.10 million. Impinj had a negative return on equity of 74.70% and a negative net margin of 14.10%. As a group, equities research analysts predict that Impinj will post -0.62 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on Impinj
Insiders Place Their Bets
In other news, COO Hussein Mecklai sold 435 shares of Impinj stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $118.75, for a total transaction of $51,656.25. Following the sale, the chief operating officer now directly owns 55,414 shares of the company’s stock, valued at $6,580,412.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Cathal G. Phelan sold 10,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $106.23, for a total transaction of $1,062,300.00. Following the transaction, the insider now owns 21,750 shares of the company’s stock, valued at $2,310,502.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Hussein Mecklai sold 435 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $118.75, for a total transaction of $51,656.25. Following the sale, the chief operating officer now owns 55,414 shares of the company’s stock, valued at approximately $6,580,412.50. The disclosure for this sale can be found here. Insiders sold a total of 120,185 shares of company stock worth $12,767,674 in the last 90 days. 17.10% of the stock is owned by company insiders.
About Impinj
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.
Read More
- Five stocks we like better than Impinj
- How to Invest in Biotech Stocks
- High-Yield Texas Instruments Could Hit New Highs Soon
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Pagaya Technologies: An AI Fintech That Insiders Are Buying
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost
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.