Impinj (NASDAQ:PI) Shares Down 7.3% – Here’s What Happened

Shares of Impinj, Inc. (NASDAQ:PI) traded down 7.3% on Thursday . The stock traded as low as $126.59 and last traded at $128.01. 171,228 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 568,977 shares. The stock had previously closed at $138.02.

Analyst Ratings Changes

A number of research firms have issued reports on PI. Needham & Company LLC restated a “buy” rating and issued a $175.00 target price on shares of Impinj in a report on Thursday, April 30th. Wall Street Zen downgraded shares of Impinj from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. UBS Group boosted their price objective on shares of Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Finally, Barclays raised their target price on shares of Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $175.00.

Impinj Stock Performance

The firm has a market capitalization of $3.89 billion, a PE ratio of -138.64 and a beta of 1.92. 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’s fifty day moving average price is $137.90 and its two-hundred day moving average price is $132.32.

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

Insider Buying and Selling at Impinj

In other Impinj news, Director Sylebra Capital Llc sold 48,504 shares of Impinj stock in a transaction on Friday, May 29th. The shares were sold at an average price of $150.78, for a total value of $7,313,433.12. Following the transaction, the director owned 973,667 shares in the company, valued at $146,809,510.26. This trade represents a 4.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 265,124 shares of company stock valued at $36,565,887. 6.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PI. Western Wealth Management LLC acquired a new position in Impinj in the first quarter valued at $28,000. Danske Bank A S acquired a new stake in Impinj during the fourth quarter worth about $35,000. Advisors Asset Management Inc. increased its stake in Impinj by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after acquiring an additional 140 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Impinj by 41.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock worth $59,000 after purchasing an additional 100 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Impinj in the 4th quarter worth about $60,000.

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).