Impinj (NASDAQ:PI) Shares Gap Down – What’s Next?

Shares of Impinj, Inc. (NASDAQ:PI) gapped down prior to trading on Wednesday . The stock had previously closed at $199.54, but opened at $192.28. Impinj shares last traded at $188.2980, with a volume of 127,664 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PI shares. Roth Capital restated a “buy” rating and set a $235.00 price target on shares of Impinj in a research note on Thursday, October 30th. Wall Street Zen lowered Impinj from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Zacks Research downgraded Impinj from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Susquehanna set a $255.00 price objective on Impinj in a report on Thursday, October 30th. Finally, UBS Group began coverage on shares of Impinj in a research report on Friday, November 7th. They set a “neutral” rating and a $200.00 target price for the company. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Impinj presently has a consensus rating of “Moderate Buy” and an average price target of $226.33.

Impinj Stock Performance

The company’s 50-day moving average is $167.72 and its two-hundred day moving average is $169.01. The company has a market capitalization of $5.56 billion, a P/E ratio of -421.72 and a beta of 1.52. The company has a quick ratio of 1.97, a current ratio of 2.67 and a debt-to-equity ratio of 0.94.

Impinj (NASDAQ:PI) last announced its earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.08. Impinj had a negative net margin of 3.45% and a positive return on equity of 8.15%. The business had revenue of $96.06 million during the quarter, compared to analyst estimates of $92.71 million. During the same period in the previous year, the business posted $0.56 earnings per share. Impinj’s revenue for the quarter was up .9% on a year-over-year basis. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. Equities analysts anticipate that Impinj, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of Impinj stock in a transaction that occurred 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 directly owned 1,132,152 shares of the company’s stock, valued at approximately $170,230,374.72. This trade represents a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 697,450 shares of company stock worth $110,643,153 in the last quarter. 51.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Impinj

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PI. Advisors Asset Management Inc. increased its position in shares of Impinj by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after acquiring an additional 140 shares during the period. Goldman Sachs Group Inc. increased its holdings in Impinj by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock valued at $25,324,000 after purchasing an additional 26,388 shares during the period. Focus Partners Wealth bought a new position in Impinj during the 1st quarter valued at approximately $223,000. Intech Investment Management LLC lifted its holdings in Impinj by 29.6% in the 1st quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock worth $1,515,000 after buying an additional 3,812 shares during the period. Finally, Inspire Investing LLC lifted its holdings in Impinj by 37.4% in the 1st quarter. Inspire Investing LLC now owns 3,781 shares of the company’s stock worth $343,000 after buying an additional 1,029 shares during the period.

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).