Impinj (NASDAQ:PI) Shares Down 9.8% – Here’s Why

Impinj, Inc. (NASDAQ:PI) shares were down 9.8% during mid-day trading on Thursday . The company traded as low as $101.33 and last traded at $101.68. Approximately 724,256 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 771,253 shares. The stock had previously closed at $112.74.

Analyst Upgrades and Downgrades

PI has been the topic of a number of research analyst reports. Roth Mkm set a $220.00 price objective on shares of Impinj in a report on Friday, February 6th. Cantor Fitzgerald dropped their target price on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Susquehanna reiterated a “positive” rating and set a $200.00 price target on shares of Impinj in a research report on Friday, February 6th. Wall Street Zen lowered Impinj from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Evercore restated an “in-line” rating and issued a $112.00 price target (down from $273.00) on shares of Impinj in a report on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $173.38.

Impinj Stock Down 5.3%

The firm has a market capitalization of $2.85 billion, a PE ratio of -241.76 and a beta of 1.56. The firm’s 50-day moving average is $148.25 and its 200 day moving average is $169.31. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.01 and a current ratio of 2.68.

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

Insider Buying and Selling at Impinj

In other news, insider Sylebra Capital Llc sold 134,629 shares of the firm’s 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 completion of the transaction, the insider directly owned 1,132,152 shares of the company’s stock, valued at $170,230,374.72. This trade represents a 10.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 367,685 shares of company stock worth $55,795,532. Company insiders own 12.40% of the company’s stock.

Institutional Investors Weigh In On Impinj

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in Impinj by 3.5% during the third quarter. GAMMA Investing LLC now owns 1,679 shares of the company’s stock worth $303,000 after buying an additional 57 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Impinj by 0.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,130 shares of the company’s stock valued at $3,113,000 after acquiring an additional 66 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Impinj by 1.1% during the second quarter. Amalgamated Bank now owns 6,670 shares of the company’s stock valued at $741,000 after acquiring an additional 74 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Impinj by 90.4% during the third 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. Finally, Bessemer Group Inc. increased its position in Impinj by 101.2% during the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock worth $31,000 after purchasing an additional 84 shares in 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).