Impinj, Inc. (NASDAQ:PI) Receives $179.22 Consensus PT from Analysts

Shares of Impinj, Inc. (NASDAQ:PI) have been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $179.2222.

PI has been the subject of several recent analyst reports. Jefferies Financial Group raised their price objective on shares of Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Needham & Company LLC cut their target price on shares of Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 price target on shares of Impinj in a research report on Thursday, July 30th. Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Finally, Zacks Research upgraded Impinj from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st.

Impinj Price Performance

PI opened at $179.58 on Monday. Impinj has a 52-week low of $87.36 and a 52-week high of $247.06. The company has a market cap of $5.49 billion, a P/E ratio of -195.20 and a beta of 1.94. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80. The company has a 50 day moving average of $141.53 and a two-hundred day moving average of $129.96.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The company had revenue of $108.37 million for the quarter, compared to analyst estimates of $104.60 million. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 earnings per share. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, analysts expect that Impinj will post 0.37 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Sylebra Capital Llc sold 48,504 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $150.78, for a total transaction of $7,313,433.12. Following the completion of the transaction, the director directly owned 973,667 shares of the company’s stock, valued at approximately $146,809,510.26. This represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Cary Baker sold 1,429 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $185.00, for a total transaction of $264,365.00. Following the transaction, the chief financial officer owned 88,226 shares of the company’s stock, valued at $16,321,810. This represents a 1.59% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 240,657 shares of company stock worth $32,875,156. 6.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Impinj

Several hedge funds have recently modified their holdings of PI. BlackRock Inc. acquired a new position in Impinj during the 2nd quarter worth $637,286,000. The Manufacturers Life Insurance Company boosted its holdings in Impinj by 2,441.0% during the first quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company’s stock worth $43,745,000 after buying an additional 409,182 shares during the last quarter. Invesco Ltd. boosted its stake in Impinj by 48.3% during the 3rd quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock worth $218,580,000 after acquiring an additional 393,685 shares during the last quarter. Norges Bank acquired a new position in shares of Impinj in the 4th quarter valued at $55,216,000. Finally, William Blair Investment Management LLC acquired a new position in Impinj in the second quarter valued at about $42,514,000.

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).