Impinj (NASDAQ:PI) Stock Rating Upgraded by Wall Street Zen

Impinj (NASDAQ:PI) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other research analysts have also issued reports about the company. Roth Capital reiterated a “buy” rating and set a $235.00 target price on shares of Impinj in a report on Thursday. Needham & Company LLC raised their price target on Impinj from $195.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Sandler lifted their price objective on Impinj from $180.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Susquehanna set a $255.00 price objective on Impinj in a research report on Thursday. Finally, Barclays began coverage on shares of Impinj in a report on Tuesday, October 7th. They set an “overweight” rating and a $200.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $228.25.

Impinj Stock Down 1.9%

Impinj stock opened at $202.16 on Friday. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of -459.44 and a beta of 1.83. The company’s 50 day simple moving average is $195.94 and its 200 day simple moving average is $144.80. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44. Impinj has a fifty-two week low of $60.85 and a fifty-two week high of $247.06.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.08. Impinj had a negative net margin of 3.45% and a positive return on equity of 8.50%. The company had revenue of $96.06 million for the quarter, compared to analyst estimates of $92.71 million. During the same period last year, the business posted $0.56 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. As a group, sell-side analysts anticipate that Impinj will post -0.47 EPS for the current year.

Insider Activity at Impinj

In other Impinj news, insider Sylebra Capital Llc sold 300,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $196.24, for a total transaction of $58,872,000.00. Following the completion of the sale, the insider directly owned 1,829,260 shares in the company, valued at $358,973,982.40. This represents a 14.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Chris Ph.D. Diorio sold 5,000 shares of Impinj stock in a transaction on Monday, September 8th. The shares were sold at an average price of $192.30, for a total value of $961,500.00. Following the completion of the transaction, the chief executive officer owned 341,109 shares in the company, valued at approximately $65,595,260.70. The trade was a 1.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 324,096 shares of company stock valued at $63,353,832. Company insiders own 12.40% of the company’s stock.

Institutional Trading of Impinj

Hedge funds and other institutional investors have recently modified their holdings of the stock. CoreCap Advisors LLC bought a new position in shares of Impinj in the 3rd quarter valued at $27,000. Salomon & Ludwin LLC bought a new stake in Impinj during the 3rd quarter worth $31,000. Caitong International Asset Management Co. Ltd acquired a new position in Impinj in the 2nd quarter worth about $28,000. Harbour Investments Inc. bought a new position in Impinj in the second quarter valued at about $33,000. Finally, Quaker Wealth Management LLC raised its position in Impinj by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 300 shares of the company’s stock valued at $33,000 after purchasing an additional 600 shares during the last quarter.

Impinj Company Profile

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.