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

Impinj, Inc. (NASDAQ:PI)’s share price fell 5.9% 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. 692,239 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 812,258 shares. The stock had previously closed at $116.04.

Other research analysts also recently issued reports about the company. Roth Mkm set a $220.00 price target on Impinj in a report on Friday. Cantor Fitzgerald lowered their price objective on Impinj from $246.00 to $170.00 and set an “overweight” rating for the company in a research report on Friday. Needham & Company LLC reduced their target price on Impinj from $255.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Piper Sandler reissued a “mixed” rating and issued a $180.00 price target (down from $230.00) on shares of Impinj in a research note on Friday, February 6th. Finally, Zacks Research downgraded shares of Impinj from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $166.56.

Insiders Place Their Bets

In other news, insider Sylebra Capital Llc sold 134,629 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $150.36, for a total transaction of $20,242,816.44. Following the transaction, the insider directly owned 1,132,152 shares of the company’s stock, valued at approximately $170,230,374.72. The trade was a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 632,420 shares of company stock worth $100,029,993. 51.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Impinj

Institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its holdings in Impinj by 1.2% during the 4th quarter. Bank of New York Mellon Corp now owns 144,861 shares of the company’s stock worth $25,207,000 after acquiring an additional 1,672 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Impinj by 6.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 286,364 shares of the company’s stock valued at $49,830,000 after purchasing an additional 18,522 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Impinj by 1,880.0% during the fourth quarter. BNP Paribas Financial Markets now owns 128,624 shares of the company’s stock worth $22,382,000 after purchasing an additional 122,128 shares during the last quarter. Norges Bank acquired a new position in Impinj in the fourth quarter worth about $55,216,000. Finally, Garde Capital Inc. grew its stake in Impinj by 29.1% in the fourth quarter. Garde Capital Inc. now owns 3,550 shares of the company’s stock worth $618,000 after purchasing an additional 800 shares in the last quarter.

Impinj Stock Performance

The company has a fifty day moving average of $164.98 and a two-hundred day moving average of $174.10. The stock has a market capitalization of $3.32 billion, a P/E ratio of -283.02 and a beta of 1.56. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.68 and a quick ratio of 2.01.

Impinj (NASDAQ:PI) last issued its earnings results on Thursday, February 5th. The company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. Impinj had a positive return on equity of 8.49% and a negative net margin of 3.00%.The company had revenue of $92.85 million during the quarter, compared to analyst estimates of $91.87 million. During the same quarter last year, the firm earned $0.48 EPS. The business’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 anticipate that Impinj, Inc. will post -0.47 EPS for the current 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).