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

Impinj, Inc. (NASDAQ:PI) has earned a consensus recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat.com reports. One investment analyst has 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 1 year target price among brokers that have issued a report on the stock in the last year is $175.00.

Several equities analysts have weighed in on PI shares. Zacks Research upgraded shares of Impinj from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Roth Mkm decreased their target price on Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Barclays lifted their price target on Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Piper Sandler reissued a “mixed” rating and set a $180.00 price target (down from $230.00) on shares of Impinj in a research report on Friday, February 6th. Finally, Cantor Fitzgerald dropped their price target on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th.

Insider Buying and Selling

In other Impinj news, Director Sylebra Capital Llc sold 25,896 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $152.73, for a total transaction of $3,955,096.08. Following the transaction, the director directly owned 1,070,085 shares in the company, valued at $163,434,082.05. This trade represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PI. Hantz Financial Services Inc. raised its stake in shares of Impinj by 90.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after acquiring an additional 75 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Impinj by 101.2% in the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock worth $31,000 after purchasing an additional 84 shares during the last quarter. Danske Bank A S bought a new stake in Impinj during the fourth quarter worth approximately $35,000. Rothschild Investment LLC boosted its position in Impinj by 572.5% during the third quarter. Rothschild Investment LLC now owns 269 shares of the company’s stock worth $49,000 after purchasing an additional 229 shares during the period. Finally, Western Wealth Management LLC acquired a new position in Impinj during the first quarter valued at approximately $28,000.

Impinj Stock Up 6.6%

Shares of PI stock opened at $159.60 on Wednesday. Impinj has a 1 year low of $87.36 and a 1 year high of $247.06. The business’s fifty day moving average is $120.34 and its 200-day moving average is $139.82. The stock has a market cap of $4.86 billion, a PE ratio of -173.48 and a beta of 1.93. The company has a debt-to-equity ratio of 1.18, a quick ratio of 6.55 and a current ratio of 9.20.

Impinj (NASDAQ:PI) last released its earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The business had revenue of $74.25 million for the quarter, compared to the consensus estimate of $72.53 million. During the same period last year, the firm posted $0.21 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Equities analysts expect that Impinj will post 0.28 earnings per share for the current fiscal year.

Impinj Company Profile

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).