Brokerages Set Impinj, Inc. (NASDAQ:PI) Target Price at $175.00

Impinj, Inc. (NASDAQ:PI) has been given a consensus recommendation of “Hold” by the nine brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $175.00.

Several equities research analysts have weighed in on the company. Roth Mkm lowered their price target on Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a report on Monday, March 16th. Zacks Research raised Impinj from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Weiss Ratings downgraded Impinj from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Cantor Fitzgerald lowered their price target on Impinj from $246.00 to $170.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Finally, Wall Street Zen raised Impinj from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd.

Impinj Price Performance

Shares of NASDAQ PI opened at $151.00 on Wednesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 6.55 and a current ratio of 9.20. The company has a market cap of $4.60 billion, a PE ratio of -164.13 and a beta of 1.91. The business has a 50-day simple moving average of $123.73 and a two-hundred day simple moving average of $139.63. Impinj has a fifty-two week low of $87.36 and a fifty-two week high of $247.06.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The business had revenue of $74.25 million during the quarter, compared to the consensus estimate of $72.53 million. Impinj had a positive return on equity of 5.67% and a negative net margin of 7.66%.The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $0.21 earnings per share. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. As a group, equities analysts expect that Impinj will post 0.28 EPS for the current fiscal year.

Insider Activity at Impinj

In related news, Director Sylebra Capital Llc sold 25,896 shares of Impinj stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $152.73, for a total transaction of $3,955,096.08. Following the completion of the sale, the director owned 1,070,085 shares of the company’s stock, valued at $163,434,082.05. The trade was a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Impinj

Institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Impinj by 85.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,889 shares of the company’s stock worth $5,775,000 after purchasing an additional 13,759 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Impinj during the third quarter worth about $2,784,000. William Blair Investment Management LLC acquired a new stake in shares of Impinj during the third quarter worth about $36,259,000. Aberdeen Group plc lifted its holdings in shares of Impinj by 193.8% during the fourth quarter. Aberdeen Group plc now owns 68,387 shares of the company’s stock worth $11,900,000 after purchasing an additional 45,112 shares during the period. Finally, Public Sector Pension Investment Board lifted its holdings in shares of Impinj by 26.2% during the third quarter. Public Sector Pension Investment Board now owns 100,954 shares of the company’s stock worth $18,247,000 after purchasing an additional 20,943 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).