IMPINJ (PI) Getting Somewhat Critical Press Coverage, Report Shows

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News coverage about IMPINJ (NASDAQ:PI) has trended somewhat negative recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. IMPINJ earned a media sentiment score of -0.01 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 44.1544914432869 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

Shares of PI traded down $0.38 on Wednesday, reaching $19.73. The company’s stock had a trading volume of 34,258 shares, compared to its average volume of 217,336. The company has a current ratio of 8.00, a quick ratio of 4.67 and a debt-to-equity ratio of 0.20. The company has a market cap of $459.37 million, a price-to-earnings ratio of -68.03 and a beta of 1.61. IMPINJ has a 12-month low of $9.95 and a 12-month high of $41.97.

PI has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of IMPINJ from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Canaccord Genuity raised shares of IMPINJ from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Tuesday, May 8th. Zacks Investment Research downgraded shares of IMPINJ from a “hold” rating to a “sell” rating in a report on Friday, May 11th. Piper Jaffray Companies reissued an “overweight” rating and issued a $19.00 price objective on shares of IMPINJ in a report on Tuesday, June 19th. Finally, ValuEngine raised shares of IMPINJ from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $27.00.

About IMPINJ

Impinj, Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. The company's platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach-to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs.

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