Zacks Research Downgrades Impinj (NASDAQ:PI) to Strong Sell

Impinj (NASDAQ:PI) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Cantor Fitzgerald dropped their price target on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a research report on Friday. Wall Street Zen cut Impinj from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Evercore ISI lowered Impinj from an “outperform” rating to an “in-line” rating and set a $112.00 price target for the company. in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Impinj in a report on Thursday, January 22nd. Finally, Barclays lowered their target price on shares of Impinj from $211.00 to $175.00 and set an “overweight” rating for the company in a report on Friday. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $166.56.

Impinj Price Performance

Shares of NASDAQ:PI opened at $110.38 on Monday. Impinj has a twelve month low of $60.85 and a twelve month high of $247.06. The stock’s 50 day moving average is $164.98 and its 200-day moving average is $174.10. The company has a quick ratio of 2.01, a current ratio of 2.68 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of -283.02 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 analysts’ consensus estimates of $0.50. Impinj had a negative net margin of 3.00% and a positive return on equity of 8.49%. The business had revenue of $92.85 million during the quarter, compared to analyst estimates of $91.87 million. During the same quarter in the previous year, the business posted $0.48 EPS. Impinj’s quarterly revenue was up 1.4% on a year-over-year basis. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. Sell-side analysts forecast that Impinj will post -0.47 EPS for the current fiscal year.

Insider Activity at Impinj

In related news, insider Sylebra Capital Llc sold 134,629 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $150.36, for a total value of $20,242,816.44. Following the transaction, the insider owned 1,132,152 shares in the company, valued at approximately $170,230,374.72. This represents a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 632,420 shares of company stock valued at $100,029,993. Insiders own 51.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PI. Advisors Asset Management Inc. lifted its stake in Impinj by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after purchasing an additional 140 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Impinj by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock worth $25,324,000 after acquiring an additional 26,388 shares during the last quarter. Focus Partners Wealth bought a new position in Impinj in the 1st quarter worth about $223,000. Intech Investment Management LLC raised its holdings in shares of Impinj by 29.6% in the 1st quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock valued at $1,515,000 after acquiring an additional 3,812 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its position in shares of Impinj by 14.9% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 5,400 shares of the company’s stock valued at $600,000 after acquiring an additional 700 shares during the last quarter.

Impinj Company Profile

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).