Impinj (NASDAQ:PI) Stock Price Up 4.3% – Should You Buy?

Impinj, Inc. (NASDAQ:PI) shares rose 4.3% on Thursday . The company traded as high as $171.50 and last traded at $171.80. Approximately 60,218 shares were traded during trading, a decline of 89% from the average session volume of 545,556 shares. The stock had previously closed at $164.70.

Analyst Ratings Changes

Several analysts have issued reports on PI shares. Zacks Research lowered Impinj from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 target price on shares of Impinj in a research report on Thursday, July 30th. Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, BMO Capital Markets initiated coverage on Impinj in a research note on Thursday, August 20th. They set an “outperform” rating and a $220.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $183.30.

Impinj Trading Up 2.9%

The company has a current ratio of 3.28, a quick ratio of 2.29 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average of $158.13 and a two-hundred day moving average of $135.26. The firm has a market capitalization of $5.40 billion, a P/E ratio of -192.20 and a beta of 1.92.

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

Insider Transactions at Impinj

In other Impinj news, CFO Cary Baker sold 1,429 shares of Impinj stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $185.00, for a total transaction of $264,365.00. Following the transaction, the chief financial officer directly owned 88,226 shares of the company’s stock, valued at approximately $16,321,810. The trade was a 1.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 6.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Impinj

Large investors have recently modified their holdings of the company. Swiss Life Asset Management Ltd raised its position in shares of Impinj by 7.6% in the 4th quarter. Swiss Life Asset Management Ltd now owns 1,298 shares of the company’s stock worth $226,000 after acquiring an additional 92 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Impinj by 4.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,467 shares of the company’s stock valued at $429,000 after purchasing an additional 97 shares in the last quarter. Xponance LLC grew its stake in Impinj by 4.9% during the fourth quarter. Xponance LLC now owns 2,138 shares of the company’s stock worth $372,000 after purchasing an additional 99 shares during the period. Daiwa Securities Group Inc. grew its stake in Impinj by 41.7% during the fourth 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, Smartleaf Asset Management LLC increased its holdings in Impinj by 35.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 384 shares of the company’s stock worth $65,000 after purchasing an additional 100 shares in the last quarter.

Impinj Company Profile

Impinj, Inc develops radio-frequency identification (RFID) technologies that connect everyday physical items to the digital world. The company’s platform is based primarily on RAIN RFID, a passive, battery-free wireless technology used to identify, locate and monitor tagged objects.

Impinj offers RFID endpoint integrated circuits, readers, gateways, antennas and software designed to work together across the item-to-cloud connectivity chain. Its solutions are used in applications such as retail inventory management, supply-chain and logistics operations, asset tracking, healthcare, manufacturing and other industrial settings.

Founded in 2000 and headquartered in Seattle, Washington, Impinj serves customers and partners globally through its technology platform and ecosystem.