Impinj (NASDAQ:PI) Price Target Cut to $169.00 by Analysts at Barclays

Impinj (NASDAQ:PI) had its price target reduced by Barclays from $175.00 to $169.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also issued reports about the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Impinj in a research note on Thursday, January 22nd. Zacks Research lowered Impinj from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Susquehanna reaffirmed a “positive” rating and issued a $200.00 price target on shares of Impinj in a report on Friday, February 6th. Evercore reiterated an “in-line” rating and set a $112.00 price objective (down from $273.00) on shares of Impinj in a research report on Friday, February 6th. Finally, Cantor Fitzgerald lowered their price objective on Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Impinj currently has a consensus rating of “Hold” and an average target price of $167.63.

Impinj Price Performance

Shares of NASDAQ PI opened at $98.50 on Monday. The firm has a 50-day simple moving average of $138.80 and a 200-day simple moving average of $165.81. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of -252.56 and a beta of 1.56. The company has a quick ratio of 2.01, a current ratio of 2.68 and a debt-to-equity ratio of 0.88. Impinj has a 52 week low of $60.85 and a 52 week high of $247.06.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PI. CoreCap Advisors LLC purchased a new position in Impinj in the third quarter worth approximately $27,000. Hantz Financial Services Inc. raised its position in Impinj by 90.4% in the third quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after purchasing an additional 75 shares during the period. Salomon & Ludwin LLC acquired a new position in shares of Impinj in the 3rd quarter valued at $31,000. Bessemer Group Inc. lifted its stake in shares of Impinj by 101.2% in the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after purchasing an additional 84 shares during the last quarter. Finally, Danske Bank A S purchased a new position in shares of Impinj during the 4th quarter worth $35,000.

Impinj Company Profile

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).