Impinj (NASDAQ:PI) Stock Price Up 7.3% – Here’s Why

Impinj, Inc. (NASDAQ:PI)’s stock price shot up 7.3% during mid-day trading on Wednesday . The stock traded as high as $100.10 and last traded at $99.5250. 479,788 shares changed hands during trading, a decline of 40% from the average session volume of 794,087 shares. The stock had previously closed at $92.75.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. UBS Group set a $155.00 target price on Impinj in a research report on Friday, February 6th. Needham & Company LLC reduced their price objective on Impinj from $255.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Weiss Ratings restated a “sell (d)” rating on shares of Impinj in a research report on Thursday, January 22nd. Cantor Fitzgerald lowered their target price on Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Finally, Zacks Research downgraded Impinj from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $173.38.

Impinj Price Performance

The stock has a 50 day moving average price of $145.28 and a two-hundred day moving average price of $168.28. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.01 and a current ratio of 2.68. The company has a market capitalization of $2.99 billion, a PE ratio of -253.17 and a beta of 1.56.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. The business had revenue of $92.85 million during the quarter, compared to analysts’ expectations of $91.87 million. Impinj had a positive return on equity of 8.49% and a negative net margin of 3.00%.The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 EPS. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. Equities analysts forecast that Impinj, Inc. will post -0.47 earnings per share for the current year.

Insider Activity at Impinj

In other news, insider Sylebra Capital Llc sold 134,629 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $150.36, for a total transaction of $20,242,816.44. Following the transaction, the insider owned 1,132,152 shares in the company, valued at $170,230,374.72. This represents a 10.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 280,547 shares of company stock worth $42,233,220. Corporate insiders own 12.40% of the company’s stock.

Institutional Investors Weigh In On Impinj

A number of large investors have recently bought and sold shares of the business. CoreCap Advisors LLC acquired a new position in Impinj during the third quarter worth $27,000. Hantz Financial Services Inc. increased its holdings in shares of Impinj by 90.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after acquiring an additional 75 shares during the last quarter. Salomon & Ludwin LLC bought a new position in shares of Impinj in the 3rd quarter valued at approximately $31,000. Bessemer Group Inc. lifted its holdings in Impinj by 101.2% in the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock worth $31,000 after purchasing an additional 84 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in Impinj in the 4th quarter worth approximately $35,000.

About Impinj

Impinj, Inc, headquartered in Seattle, Washington, develops Radio Frequency Identification (RFID) solutions designed to connect everyday items to the internet. Founded in 2000, the company pioneered RAIN RFID technology with a focus on transforming supply chain and inventory processes across retail, healthcare, airport baggage handling and manufacturing. Impinj’s platform comprises RAIN RFID tag chips, fixed and handheld RFID readers, gateways, antennas and connectivity modules that enable real-time visibility of tagged items.

Impinj’s product portfolio is built around its core RAIN RFID ecosystem, offering tag chips for high-volume production (Monza series), reader chips for integration into third-party devices and complete reader and gateway systems (Speedway series and xArray).