Impinj (NASDAQ:PI) Shares Gap Down on Analyst Downgrade

Impinj, Inc. (NASDAQ:PI)’s share price gapped down prior to trading on Friday after Evercore ISI downgraded the stock from an outperform rating to an in-line rating. The stock had previously closed at $153.83, but opened at $124.81. Evercore ISI now has a $112.00 price target on the stock. Impinj shares last traded at $113.7210, with a volume of 569,420 shares traded.

PI has been the subject of a number of other reports. Piper Sandler reiterated a “mixed” rating and set a $180.00 target price (down from $230.00) on shares of Impinj in a research note on Friday. Roth Mkm set a $220.00 price objective on Impinj in a research report on Friday. Cantor Fitzgerald lowered their target price on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday. Evercore reissued an “in-line” rating and issued a $112.00 price target (down from $273.00) on shares of Impinj in a report on Friday. Finally, Susquehanna reiterated a “positive” rating and issued a $200.00 price target on shares of Impinj in a report on Friday. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $166.56.

Insiders Place Their Bets

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was 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 in the company, valued at $170,230,374.72. The trade was a 10.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have sold 666,192 shares of company stock valued at $105,288,457. Corporate insiders own 12.40% of the company’s stock.

Key Stories Impacting Impinj

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Q4 results were roughly in line: GAAP EPS of $0.50 matched consensus and revenue of ~$92.9M slightly beat estimates — evidence the core business remains profitable and growing modestly. Impinj Reports Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Analysts still see upside despite cuts: Needham kept a buy rating (PT lowered to $175) and Piper Sandler maintained a mixed rating (PT lowered to $180), indicating some investors/analysts view the pullback as a buying opportunity. Needham price target note
• Neutral Sentiment: Longer‑term demand drivers remain: analysts and company commentary point to ongoing retail RFID mandates and secular adoption that support multi‑year growth, but these are balanced by short‑term execution risks. Retail mandates fuel RFID push
• Negative Sentiment: Q1 2026 revenue guidance came in at $71M–$74M versus Street estimates near $89.7M — a big short‑term miss that is the primary driver of the selloff. Impinj outlines Q1 2026 revenue target
• Negative Sentiment: Management flagged an inventory transition and the rollout of custom chips that will depress near‑term shipments and cash flow (inventory “burn” and muted guidance highlighted in analyst/deep‑dive pieces). PI Q4 Deep Dive: Inventory Burn, Custom Chips, and Muted Guidance
• Negative Sentiment: Immediate market reaction was severe: multiple outlets report a sharp intraday drop and elevated volume as investors reprice the company around the weaker near‑term outlook; several firms cut price targets. Impinj Stock Falls on 4Q Earnings Miss

Hedge Funds Weigh In On Impinj

Several institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its position in Impinj by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after acquiring an additional 140 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Impinj by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock worth $25,324,000 after buying an additional 26,388 shares during the last quarter. Focus Partners Wealth purchased a new position in Impinj in the 1st quarter worth $223,000. Intech Investment Management LLC raised its stake in shares of Impinj by 29.6% in the first quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock worth $1,515,000 after purchasing an additional 3,812 shares during the last quarter. Finally, Truist Financial Corp raised its position in Impinj by 71.1% during the 2nd quarter. Truist Financial Corp now owns 9,065 shares of the company’s stock worth $1,007,000 after buying an additional 3,768 shares during the last quarter.

Impinj Trading Down 24.6%

The company’s fifty day moving average is $167.15 and its 200-day moving average is $173.45. The stock has a market cap of $3.49 billion, a PE ratio of -297.53 and a beta of 1.56. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.67 and a quick ratio of 1.97.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The business 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 8.82% and a negative net margin of 3.00%.The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. On average, analysts predict that Impinj, Inc. will post -0.47 earnings per share for the current fiscal 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).