Impinj, Inc. (NASDAQ:PI) Receives Average Recommendation of “Hold” from Analysts

Impinj, Inc. (NASDAQ:PI) has received a consensus recommendation of “Hold” from the ten research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $166.5556.

PI has been the topic of several recent research reports. Needham & Company LLC lowered their target price on Impinj from $255.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Wall Street Zen downgraded Impinj from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Weiss Ratings restated a “sell (d)” rating on shares of Impinj in a report on Thursday, January 22nd. Barclays cut their target price on Impinj from $211.00 to $175.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Finally, Zacks Research lowered Impinj from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th.

Insider Buying and Selling

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $150.36, for a total transaction of $20,242,816.44. Following the completion of the transaction, the insider owned 1,132,152 shares of the company’s stock, valued at $170,230,374.72. This trade represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 632,420 shares of company stock valued at $100,029,993 in the last quarter. 51.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Impinj

Institutional investors have recently bought and sold shares of the company. DLD Asset Management LP purchased a new position in Impinj in the second quarter worth approximately $1,332,840,000. Vanguard Group Inc. raised its holdings in shares of Impinj by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 3,465,949 shares of the company’s stock valued at $603,110,000 after purchasing an additional 85,882 shares in the last quarter. State Street Corp lifted its position in shares of Impinj by 10.8% during the 4th quarter. State Street Corp now owns 1,276,893 shares of the company’s stock worth $222,192,000 after purchasing an additional 124,792 shares during the last quarter. Invesco Ltd. grew its stake in shares of Impinj by 48.3% during the third quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock worth $218,580,000 after purchasing an additional 393,685 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Impinj by 6.8% during the fourth quarter. Geode Capital Management LLC now owns 667,647 shares of the company’s stock worth $116,195,000 after purchasing an additional 42,792 shares in the last quarter.

Impinj Stock Performance

PI opened at $121.04 on Monday. The firm has a fifty day moving average price of $162.17 and a 200 day moving average price of $173.87. Impinj has a 1 year low of $60.85 and a 1 year high of $247.06. The stock has a market cap of $3.66 billion, a P/E ratio of -310.35 and a beta of 1.57. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.68 and a quick ratio of 2.01.

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

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).