Impinj (NASDAQ:PI) Stock Price Down 5.9% on Analyst Downgrade

Impinj, Inc. (NASDAQ:PI) shares were down 5.9% during mid-day trading on Monday after Evercore ISI downgraded the stock from an outperform rating to an in-line rating. Evercore ISI now has a $112.00 price target on the stock. Impinj traded as low as $110.00 and last traded at $109.2290. Approximately 692,239 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 812,258 shares. The stock had previously closed at $116.04.

Several other research analysts also recently issued reports on the company. Wall Street Zen downgraded Impinj from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. UBS Group set a $155.00 price target on shares of Impinj in a research report on Friday. Barclays dropped their price target on shares of Impinj from $211.00 to $175.00 and set an “overweight” rating for the company in a research note on Friday. Cantor Fitzgerald reduced their price objective on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Roth Mkm set a $220.00 target price on Impinj in a research report on Friday. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $166.56.

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 stock was sold at an average price of $150.36, for a total transaction of $20,242,816.44. Following the completion of the sale, the insider directly owned 1,132,152 shares in the company, valued at approximately $170,230,374.72. This trade represents a 10.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 636,192 shares of company stock worth $100,619,557 over the last quarter. Corporate insiders own 51.00% of the company’s stock.

Institutional Trading of Impinj

Several large investors have recently made changes to their positions in the company. DLD Asset Management LP acquired a new position in Impinj during the 2nd quarter worth approximately $1,332,840,000. Vanguard Group Inc. increased its holdings in shares of Impinj by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 3,465,949 shares of the company’s stock valued at $603,110,000 after acquiring an additional 85,882 shares in the last quarter. State Street Corp raised its position in shares of Impinj by 1.4% during the second quarter. State Street Corp now owns 1,215,065 shares of the company’s stock worth $134,957,000 after purchasing an additional 16,337 shares during the period. Invesco Ltd. lifted its holdings in shares of Impinj by 48.3% in the 3rd 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, Chevy Chase Trust Holdings LLC lifted its holdings in shares of Impinj by 1.1% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 740,081 shares of the company’s stock worth $82,201,000 after purchasing an additional 8,126 shares in the last quarter.

Impinj Trading Down 3.7%

The firm has a market cap of $3.36 billion, a price-to-earnings ratio of -286.53 and a beta of 1.57. The firm’s 50-day moving average is $166.14 and its 200-day moving average is $174.20. The company has a current ratio of 2.68, a quick ratio of 2.01 and a debt-to-equity ratio of 0.88.

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