IMPINJ (NASDAQ:PI) issued an update on its third quarter 2019 earnings guidance on Monday morning. The company provided EPS guidance of $-0.04-0.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.02. The company issued revenue guidance of $37-39 million, compared to the consensus revenue estimate of $39.14 million.

NASDAQ:PI traded down $0.82 on Monday, hitting $35.33. The stock had a trading volume of 425,297 shares, compared to its average volume of 304,101. The stock has a market cap of $764.08 million, a PE ratio of -51.96 and a beta of 2.72. The company has a current ratio of 4.79, a quick ratio of 3.11 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $31.03. IMPINJ has a 52-week low of $13.25 and a 52-week high of $37.53.

IMPINJ (NASDAQ:PI) last posted its quarterly earnings data on Monday, April 29th. The company reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.15. IMPINJ had a negative return on equity of 12.32% and a negative net margin of 21.33%. The firm had revenue of $33.10 million for the quarter, compared to analysts’ expectations of $31.08 million. During the same period in the previous year, the firm earned ($0.38) EPS. The business’s quarterly revenue was up 31.9% on a year-over-year basis. Equities analysts forecast that IMPINJ will post -0.4 EPS for the current fiscal year.

PI has been the subject of a number of recent research reports. Canaccord Genuity boosted their price objective on IMPINJ from $31.00 to $35.00 and gave the company a buy rating in a report on Tuesday, April 30th. Piper Jaffray Companies boosted their price objective on Shopify from $149.00 to $216.00 and gave the company a neutral rating in a report on Tuesday, April 30th. Zacks Investment Research cut ZEALAND PHARMA/S from a buy rating to a hold rating in a report on Saturday. ValuEngine cut Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Finally, Roth Capital restated a buy rating on shares of GENFIT S A/ADR in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $33.50.

In other news, VP Denise Masters sold 1,292 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $28.75, for a total value of $37,145.00. Following the sale, the vice president now owns 2,500 shares in the company, valued at $71,875. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Chris Ph.D. Diorio sold 10,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the completion of the sale, the chief executive officer now owns 285,478 shares in the company, valued at approximately $7,136,950. The disclosure for this sale can be found here. Insiders have sold a total of 136,292 shares of company stock worth $4,244,095 over the last ninety days. 26.00% of the stock is currently owned by corporate insiders.

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: Cost of Goods Sold (COGS)

Earnings History and Estimates for IMPINJ (NASDAQ:PI)

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