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

Shares of Impinj, Inc. (NASDAQ:PI) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $166.5556.

Several equities analysts recently issued reports on the company. Barclays dropped their price target on Impinj from $211.00 to $175.00 and set an “overweight” rating on the stock 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 report on Friday, February 6th. Piper Sandler reaffirmed a “mixed” rating and set a $180.00 price target (down from $230.00) on shares of Impinj in a report on Friday, February 6th. Evercore ISI lowered shares of Impinj from an “outperform” rating to an “in-line” rating and set a $112.00 price objective on the stock. in a research report on Friday, February 6th. Finally, Needham & Company LLC cut their price objective on shares of Impinj from $255.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, February 6th.

Impinj Stock Up 9.6%

PI stock opened at $121.04 on Monday. The company has a market cap of $3.66 billion, a price-to-earnings ratio of -310.35 and a beta of 1.57. The company has a fifty day moving average price of $162.17 and a 200 day moving average price of $173.87. 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 has a 12 month low of $60.85 and a 12 month high of $247.06.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.50 EPS for the quarter, meeting 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 analyst estimates of $91.87 million. During the same period in the previous year, the business posted $0.48 earnings per share. Impinj’s quarterly revenue was up 1.4% on a year-over-year basis. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. Sell-side analysts expect that Impinj will post -0.47 earnings per share for the current year.

Insider Activity

In related news, insider Sylebra Capital Llc sold 134,629 shares of the company’s stock in a transaction 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 transaction, the insider owned 1,132,152 shares of the company’s stock, valued at $170,230,374.72. This represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 632,420 shares of company stock worth $100,029,993 in the last quarter. Insiders own 51.00% of the company’s stock.

Institutional Investors Weigh In On Impinj

Institutional investors have recently made changes to their positions in the stock. CoreCap Advisors LLC purchased a new position in Impinj during the 3rd quarter valued at about $27,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Impinj during the 2nd quarter worth approximately $28,000. Hantz Financial Services Inc. increased its position in Impinj by 90.4% during the third quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock worth $29,000 after buying an additional 75 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in shares of Impinj in the third quarter worth $31,000. Finally, Bessemer Group Inc. lifted its position in shares of Impinj by 101.2% in the third quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after acquiring an additional 84 shares in the last quarter.

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).