Impinj (NASDAQ:PI) Downgraded to In-Line Rating by Evercore ISI

Evercore ISI cut shares of Impinj (NASDAQ:PI) from an outperform rating to an in-line rating in a research report sent to investors on Friday morning, Marketbeat.com reports. The firm currently has $112.00 price objective on the stock.

A number of other research analysts have also recently issued reports on PI. Zacks Research cut shares of Impinj from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Evercore restated an “in-line” rating and issued a $112.00 price target (down previously from $273.00) on shares of Impinj in a report on Friday. Cantor Fitzgerald reduced their price objective on Impinj from $246.00 to $170.00 and set an “overweight” rating for the company in a report on Friday. Susquehanna reiterated a “positive” rating and set a $200.00 target price on shares of Impinj in a research report on Friday. Finally, Needham & Company LLC dropped their price target on Impinj from $255.00 to $175.00 and set a “buy” rating for the company in a research report on Friday. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $166.56.

Impinj Trading Down 24.6%

NASDAQ:PI opened at $116.04 on Friday. Impinj has a 12-month low of $60.85 and a 12-month high of $247.06. The company has a current ratio of 2.67, a quick ratio of 1.97 and a debt-to-equity ratio of 0.94. The stock’s 50 day simple moving average is $167.15 and its 200-day simple moving average is $173.45. The firm has a market cap of $3.49 billion, a P/E ratio of -297.53 and a beta of 1.56.

Impinj (NASDAQ:PI) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $92.85 million during the quarter, compared to analysts’ expectations of $91.87 million. Impinj had a negative net margin of 3.00% and a positive return on equity of 8.82%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. Equities analysts anticipate that Impinj will post -0.47 EPS for the current year.

Insider Buying and Selling at Impinj

In other news, insider Sylebra Capital Llc sold 134,629 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $150.36, for a total transaction of $20,242,816.44. Following the completion of the sale, the insider directly owned 1,132,152 shares in the company, valued at $170,230,374.72. This represents a 10.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders have sold 666,192 shares of company stock valued at $105,288,457. 12.40% of the stock is owned by company insiders.

Institutional Trading of Impinj

Large investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC purchased a new position in Impinj in the third quarter valued at about $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Impinj during the 2nd quarter valued at about $28,000. Hantz Financial Services Inc. lifted its position in Impinj by 90.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock worth $29,000 after acquiring an additional 75 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in Impinj during the 3rd quarter worth approximately $31,000. Finally, Bessemer Group Inc. boosted 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 acquiring an additional 84 shares during the period.

Impinj News Summary

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Q4 results were roughly in line: GAAP EPS of $0.50 matched consensus and revenue of ~$92.9M slightly beat estimates — evidence the core business remains profitable and growing modestly. Impinj Reports Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Analysts still see upside despite cuts: Needham kept a buy rating (PT lowered to $175) and Piper Sandler maintained a mixed rating (PT lowered to $180), indicating some investors/analysts view the pullback as a buying opportunity. Needham price target note
• Neutral Sentiment: Longer‑term demand drivers remain: analysts and company commentary point to ongoing retail RFID mandates and secular adoption that support multi‑year growth, but these are balanced by short‑term execution risks. Retail mandates fuel RFID push
• Negative Sentiment: Q1 2026 revenue guidance came in at $71M–$74M versus Street estimates near $89.7M — a big short‑term miss that is the primary driver of the selloff. Impinj outlines Q1 2026 revenue target
• Negative Sentiment: Management flagged an inventory transition and the rollout of custom chips that will depress near‑term shipments and cash flow (inventory “burn” and muted guidance highlighted in analyst/deep‑dive pieces). PI Q4 Deep Dive: Inventory Burn, Custom Chips, and Muted Guidance
• Negative Sentiment: Immediate market reaction was severe: multiple outlets report a sharp intraday drop and elevated volume as investors reprice the company around the weaker near‑term outlook; several firms cut price targets. Impinj Stock Falls on 4Q Earnings Miss

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).