Impinj (NASDAQ:PI) Lowered to Hold Rating by Zacks Research

Zacks Research downgraded shares of Impinj (NASDAQ:PI) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks reports.

PI has been the topic of several other research reports. Weiss Ratings upgraded shares of Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. BMO Capital Markets began coverage on Impinj in a research note on Thursday, August 20th. They issued an “outperform” rating and a $220.00 price target on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 price objective on shares of Impinj in a research report on Thursday, July 30th. Jefferies Financial Group upped their target price on shares of Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Needham & Company LLC cut their price objective on shares of Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Impinj has an average rating of “Moderate Buy” and an average target price of $183.30.

Impinj Trading Down 3.5%

NASDAQ PI opened at $168.19 on Monday. The firm has a market cap of $5.14 billion, a PE ratio of -182.82 and a beta of 1.94. Impinj has a 1-year low of $87.36 and a 1-year high of $247.06. The stock has a 50-day moving average of $152.48 and a 200-day moving average of $132.50. The company has a current ratio of 3.28, a quick ratio of 2.29 and a debt-to-equity ratio of 0.80.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. The firm had revenue of $108.37 million during the quarter, compared to the consensus estimate of $104.60 million. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 earnings per share. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, sell-side analysts forecast that Impinj will post 0.37 EPS for the current year.

Insider Activity at Impinj

In other news, CFO Cary Baker sold 1,429 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $185.00, for a total value of $264,365.00. Following the transaction, the chief financial officer owned 88,226 shares of the company’s stock, valued at $16,321,810. This trade represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 47,479 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $124.06, for a total value of $5,890,244.74. Following the completion of the transaction, the director owned 840,576 shares in the company, valued at $104,281,858.56. The trade was a 5.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 139,953 shares of company stock worth $18,138,781 in the last quarter. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Impinj

A number of institutional investors and hedge funds have recently modified their holdings of the stock. TOP Private Wealth LLC. purchased a new position in shares of Impinj during the 2nd quarter worth about $25,000. Western Wealth Management LLC bought a new position in shares of Impinj during the first quarter valued at approximately $28,000. Global Retirement Partners LLC bought a new stake in shares of Impinj during the 2nd quarter worth approximately $31,000. Danske Bank A S purchased a new position in Impinj during the 4th quarter valued at $35,000. Finally, Bamco Inc. NY purchased a new stake in Impinj in the second quarter worth $45,000.

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).