Impinj (NASDAQ:PI) Cut to Strong Sell at Zacks Research

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

A number of other research analysts also recently weighed in on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Impinj in a report on Thursday, January 22nd. Wall Street Zen downgraded shares of Impinj from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Piper Sandler reaffirmed a “mixed” rating and issued a $180.00 price target (down previously from $230.00) on shares of Impinj in a research report on Friday, February 6th. Cantor Fitzgerald decreased their price target on Impinj from $246.00 to $170.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Finally, Needham & Company LLC cut their price objective on Impinj from $255.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $166.56.

Impinj Price Performance

Shares of NASDAQ:PI opened at $106.95 on Monday. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of -274.22 and a beta of 1.56. Impinj has a 1 year low of $60.85 and a 1 year high of $247.06. The company has a current ratio of 2.68, a quick ratio of 2.01 and a debt-to-equity ratio of 0.88. The business has a fifty day simple moving average of $163.84 and a 200 day simple moving average of $173.63.

Impinj (NASDAQ:PI) last issued its earnings results on Thursday, February 5th. The company reported $0.50 EPS for the quarter, meeting analysts’ consensus estimates of $0.50. Impinj had a positive return on equity of 8.49% and a negative net margin of 3.00%.The firm had revenue of $92.85 million for the quarter, compared to the consensus estimate of $91.87 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. As a group, sell-side analysts predict that Impinj will post -0.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $150.36, for a total value of $20,242,816.44. Following the sale, the insider directly owned 1,132,152 shares in the company, valued at $170,230,374.72. This trade represents a 10.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 632,420 shares of company stock valued at $100,029,993. 12.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in shares of Impinj by 3.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,679 shares of the company’s stock valued at $303,000 after purchasing an additional 57 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Impinj by 0.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,130 shares of the company’s stock valued at $3,113,000 after acquiring an additional 66 shares during the period. Amalgamated Bank grew its position in Impinj by 1.1% in the second quarter. Amalgamated Bank now owns 6,670 shares of the company’s stock valued at $741,000 after acquiring an additional 74 shares during the period. Hantz Financial Services Inc. raised its stake in Impinj by 90.4% during the third quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock worth $29,000 after acquiring an additional 75 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Impinj by 101.2% during the third quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after acquiring an additional 84 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).