Impinj, Inc. (NASDAQ:PI) Receives $175.00 Consensus Price Target from Analysts

Shares of Impinj, Inc. (NASDAQ:PI) have received a consensus recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $175.00.

A number of brokerages have commented on PI. Zacks Research upgraded shares of Impinj from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Weiss Ratings lowered Impinj from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Wall Street Zen lowered Impinj from a “buy” rating to a “hold” rating in a report on Saturday. Needham & Company LLC reissued a “buy” rating and issued a $175.00 price objective on shares of Impinj in a research note on Thursday, April 30th. Finally, Evercore set a $144.00 price objective on Impinj in a report on Thursday, April 30th.

Impinj Stock Down 1.7%

Shares of PI opened at $138.37 on Thursday. The firm has a fifty day moving average price of $139.24 and a 200-day moving average price of $133.74. The company has a current ratio of 9.20, a quick ratio of 6.55 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $4.21 billion, a P/E ratio of -150.40 and a beta of 1.92. Impinj has a 12-month low of $87.36 and a 12-month high of $247.06.

Impinj (NASDAQ:PI) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The company had revenue of $74.25 million for the quarter, compared to the consensus estimate of $72.53 million. During the same quarter last year, the firm posted $0.21 EPS. The firm’s revenue was down .1% compared to the same quarter last year. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Equities research analysts expect that Impinj will post 0.28 earnings per share for the current year.

Insider Activity

In other news, Director Sylebra Capital Llc sold 48,504 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $150.78, for a total transaction of $7,313,433.12. Following the transaction, the director owned 973,667 shares in the company, valued at approximately $146,809,510.26. This trade represents a 4.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 265,124 shares of company stock worth $36,565,887. 6.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC bought a new stake in shares of Impinj in the 1st quarter valued at about $28,000. Danske Bank A S bought a new position in shares of Impinj during the fourth quarter valued at approximately $35,000. Advisors Asset Management Inc. increased its holdings in Impinj by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after buying an additional 140 shares during the period. Daiwa Securities Group Inc. increased its holdings in Impinj by 41.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock valued at $59,000 after buying an additional 100 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in Impinj in the fourth quarter worth approximately $60,000.

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).