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

Shares of Impinj, Inc. (NASDAQ:PI) have been given an average recommendation of “Hold” by the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $173.3750.

PI has been the topic of several recent analyst reports. Piper Sandler reissued a “mixed” rating and issued a $180.00 price target (down from $230.00) on shares of Impinj in a report on Friday, February 6th. Needham & Company LLC dropped their price objective on shares of Impinj from $255.00 to $175.00 and set a “buy” rating for the company in a report on Friday, February 6th. Roth Mkm set a $220.00 target price on shares of Impinj in a research report on Friday, February 6th. Susquehanna reissued a “positive” rating and issued a $200.00 target price on shares of Impinj in a research note on Friday, February 6th. Finally, UBS Group set a $155.00 price target on Impinj in a research report on Friday, February 6th.

Impinj Trading Down 7.8%

NASDAQ:PI opened at $91.34 on Friday. Impinj has a 52 week low of $60.85 and a 52 week high of $247.06. The firm has a 50-day moving average price of $142.13 and a two-hundred day moving average price of $167.27. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of -234.20 and a beta of 1.56. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.01 and a current ratio of 2.68.

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

Insider Buying and Selling at Impinj

In related news, insider Sylebra Capital Llc sold 134,629 shares of the business’s 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 12.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. CoreCap Advisors LLC bought a new position in shares of Impinj during the third quarter valued at $27,000. Hantz Financial Services Inc. boosted its stake in Impinj by 90.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock worth $29,000 after purchasing an additional 75 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in Impinj during the 3rd quarter valued at about $31,000. Bessemer Group Inc. grew its position in Impinj by 101.2% during 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 bought a new stake in Impinj during the 4th quarter valued at about $35,000.

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).