Impinj, Inc. (PI) Forms $21.95 Double Bottom; Epam Systems (EPAM) SI Decreased By 35.92%

EPAM Systems, Inc. (NYSE:EPAM) Logo

Epam Systems Inc (NYSE:EPAM) had a decrease of 35.92% in short interest. EPAM’s SI was 390,700 shares in June as released by FINRA. Its down 35.92% from 609,700 shares previously. With 365,300 avg volume, 1 days are for Epam Systems Inc (NYSE:EPAM)’s short sellers to cover EPAM’s short positions. The SI to Epam Systems Inc’s float is 0.77%. The stock decreased 0.24% or $0.3032 during the last trading session, reaching $125.4268. About 52,188 shares traded. EPAM Systems, Inc. (NYSE:EPAM) has risen 44.24% since June 14, 2017 and is uptrending. It has outperformed by 31.67% the S&P500. Some Historical EPAM News: ; 09/05/2018 – EPAM SEES 2Q REV AT LEAST $445M, EST. $440.5M; 09/05/2018 – EPAM Systems Sees 2Q Rev $445M; 04/04/2018 – $GLOB premium valuation to $EPAM and $LXFT should dissipate given higher business risk and lower financial transparency. $GLOB 40%-50% downside; 09/05/2018 – EPAM Systems 1Q EPS $1.15; 30/04/2018 – EPAM Launches InfoNgen™ 7.0, Using Machine Learning to Dramatically Improve Actionable Insights; 17/04/2018 – Epam Systems Closes Above 50-Day Moving Average: Technicals; 15/03/2018 – EPAM Systems Sees 2018 Adjusted EPS at Least $4.07; 15/03/2018 – EPAM SYSTEMS, INC: EPAM BUYS CONTINUUM, EXPANDING GLOBAL; 09/05/2018 – EPAM Systems Had Seen FY18 EPS $3.3; 15/03/2018 – EPAM SYSTEMS INC – GAAP EPS FOR FULL YEAR TO NOW BE AT LEAST $3.36 AND NON-GAAP DILUTED EPS TO NOW BE AT LEAST $4.07

Impinj, Inc. (PI) formed double bottom with $20.64 target or 6.00% below today’s $21.95 share price. Impinj, Inc. (PI) has $468.50 million valuation. The stock increased 3.31% or $0.7041 during the last trading session, reaching $21.9541. About 76,192 shares traded. Impinj, Inc. (NASDAQ:PI) has declined 63.62% since June 14, 2017 and is downtrending. It has underperformed by 76.19% the S&P500. Some Historical PI News: ; 01/05/2018 – TrackX Partners with Impinj on Enterprise Asset Management; 07/05/2018 – Impinj Sees 2Q Rev $25M-$27M; 15/05/2018 – GMT Capital Buys New 2% Position in Impinj; 14/05/2018 – Allianz Global Inv Of America LP Exits Position in Impinj; 07/05/2018 – IMPINJ SEES 2Q ADJ LOSS/SHR 30C TO 38C, EST. LOSS/SHR 33C; 07/05/2018 – Impinj Sees 2Q Adj Loss/Shr 38c-Adj Loss/Shr 30c; 08/05/2018 – Neuberger Berman Group Buys New 2.2% Position in Impinj; 07/05/2018 – Impinj Sees 2Q Loss/Shr 57c-Loss 49c; 08/05/2018 – IMPINJ INC Pl.O : RBC RAISES TARGET PRICE TO $16 FROM $14; 09/03/2018 IMPINJ – ON MARCH 5 ENTERED INTO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT DATED APRIL 24, 2017 – SEC FILING

Among 20 analysts covering EPAM Systems (NYSE:EPAM), 18 have Buy rating, 0 Sell and 2 Hold. Therefore 90% are positive. EPAM Systems had 53 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating by Renaissance Capital given on Thursday, November 19. On Friday, March 16 the stock rating was maintained by JP Morgan with “Overweight”. The stock has “Outperform” rating by Wedbush on Friday, September 9. The company was maintained on Friday, February 17 by Needham. The firm has “Buy” rating given on Friday, March 16 by Needham. The stock of EPAM Systems, Inc. (NYSE:EPAM) has “Buy” rating given on Friday, April 15 by Berenberg. The rating was initiated by Cowen & Co with “Outperform” on Friday, February 19. Cowen & Co maintained it with “Buy” rating and $9500 target in Friday, July 28 report. The rating was maintained by Needham on Thursday, November 19 with “Buy”. The firm has “Buy” rating by KeyBanc Capital Markets given on Sunday, October 29.

More recent EPAM Systems, Inc. (NYSE:EPAM) news were published by: Globenewswire.com which released: “New Research: Key Drivers of Growth for EPAM, Jernigan Capital, Holly Energy Partners, ICU Medical, San Juan Basin …” on May 22, 2018. Also Globenewswire.com published the news titled: “Alexion SmartPanel Developed in Partnership With EPAM Wins Judges’ Prize in the 2018 Bio-IT World Best Practices …” on May 31, 2018. Nasdaq.com‘s news article titled: “Hotels.com App Wins 2018 MediaPost Appy Award in Travel & Tourism Category” with publication date: May 21, 2018 was also an interesting one.

Since February 22, 2018, it had 0 buys, and 3 sales for $1.52 million activity. 3,120 shares were sold by Peterson Jason D., worth $404,922 on Friday, May 11. 2,500 shares valued at $286,800 were sold by Mayoras Richard Michael on Thursday, February 22. The insider Shekhter Elaina sold 6,700 shares worth $830,641.

EPAM Systems, Inc. provides product development and software engineering solutions worldwide. The company has market cap of $6.70 billion. The firm offers software product development services, including product research, customer experience design and prototyping, program management, component design and integration, lifecycle software testing, product deployment and end-user customization, performance tuning, product support and maintenance, and managed services, as well as porting and cross-platform migration. It has a 95.02 P/E ratio. It also provides custom application development services, such as business and technical requirement analysis, user experience design, solution architecture creation and validation, development, quality assurance and testing, legacy applications re-engineering/refactoring, porting, and cross-platform migration and documentation.

Investors sentiment increased to 1.37 in 2018 Q1. Its up 0.04, from 1.33 in 2017Q4. It is positive, as 10 investors sold EPAM Systems, Inc. shares while 88 reduced holdings. 53 funds opened positions while 81 raised stakes. 46.12 million shares or 1.42% more from 45.48 million shares in 2017Q4 were reported. 22,421 are owned by Citadel Ltd Llc. Captrust Financial Advsr invested in 0% or 35 shares. Ghp Inv Advisors reported 36,667 shares. 316,164 are held by Emerald Mutual Fund Advisers Tru. Ftb Incorporated stated it has 0% of its portfolio in EPAM Systems, Inc. (NYSE:EPAM). Blair William & Il reported 11,655 shares. Price T Rowe Md holds 465,127 shares. Advisors Asset Mgmt Incorporated reported 15,126 shares. Amalgamated Fincl Bank holds 0.02% in EPAM Systems, Inc. (NYSE:EPAM) or 6,660 shares. Russia Ptnrs Mngmt Limited Liability invested 100% in EPAM Systems, Inc. (NYSE:EPAM). Credit Suisse Ag, a Switzerland-based fund reported 88,792 shares. Tiaa Cref Inv Mngmt Ltd Co holds 157,390 shares or 0.01% of its portfolio. Zeke Cap Ltd Co invested 0.03% in EPAM Systems, Inc. (NYSE:EPAM). Ohio-based Victory Mngmt has invested 0% in EPAM Systems, Inc. (NYSE:EPAM). France-based Axa has invested 0.01% in EPAM Systems, Inc. (NYSE:EPAM).

Among 9 analysts covering Impinj (NASDAQ:PI), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Impinj has $5900 highest and $24 lowest target. $34.22’s average target is 55.87% above currents $21.9541 stock price. Impinj had 28 analyst reports since August 15, 2016 according to SRatingsIntel. The stock of Impinj, Inc. (NASDAQ:PI) has “Buy” rating given on Thursday, May 25 by RBC Capital Markets. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, November 2. The firm has “Neutral” rating by PiperJaffray given on Thursday, November 2. As per Monday, August 15, the company rating was initiated by Piperjaffray. As per Wednesday, August 23, the company rating was maintained by KeyBanc Capital Markets. The firm has “Overweight” rating by PiperJaffray given on Monday, August 15. The firm has “Buy” rating by Canaccord Genuity given on Friday, August 4. The stock of Impinj, Inc. (NASDAQ:PI) has “Buy” rating given on Thursday, August 3 by Piper Jaffray. The stock of Impinj, Inc. (NASDAQ:PI) earned “Buy” rating by Needham on Monday, August 15. The firm earned “Outperform” rating on Monday, August 15 by RBC Capital Markets.

EPAM Systems, Inc. (NYSE:EPAM) Institutional Positions Chart