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

Shares of Impinj, Inc. (NASDAQ:PI) have received a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $175.00.

PI has been the subject of a number of recent analyst reports. Barclays upped their target price on Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings downgraded Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Zacks Research raised shares of Impinj from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $175.00 target price on shares of Impinj in a report on Thursday, April 30th.

Insider Transactions at Impinj

In related news, Director Sylebra Capital Llc sold 48,504 shares of Impinj stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $150.78, for a total value of $7,313,433.12. Following the transaction, the director directly owned 973,667 shares of the company’s stock, valued at $146,809,510.26. This trade represents a 4.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 265,124 shares of company stock valued at $36,565,887 over the last quarter. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Impinj

Several hedge funds and other institutional investors have recently modified their holdings of the business. Swiss Life Asset Management Ltd boosted its position in shares of Impinj by 7.6% during the 4th quarter. Swiss Life Asset Management Ltd now owns 1,298 shares of the company’s stock worth $226,000 after purchasing an additional 92 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Impinj by 4.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,467 shares of the company’s stock valued at $429,000 after buying an additional 97 shares in the last quarter. Xponance LLC increased its position in Impinj by 4.9% in the 4th quarter. Xponance LLC now owns 2,138 shares of the company’s stock valued at $372,000 after buying an additional 99 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Impinj by 41.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock worth $59,000 after buying an additional 100 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Impinj by 35.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 384 shares of the company’s stock worth $65,000 after buying an additional 100 shares during the period.

Impinj Stock Down 0.1%

NASDAQ PI opened at $144.51 on Thursday. The company has a current ratio of 9.20, a quick ratio of 6.55 and a debt-to-equity ratio of 1.18. Impinj has a 1-year low of $87.36 and a 1-year high of $247.06. The company has a 50 day moving average of $139.74 and a 200-day moving average of $133.94. The company has a market cap of $4.40 billion, a price-to-earnings ratio of -157.08 and a beta of 1.92.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Impinj had a positive return on equity of 5.67% and a negative net margin of 7.66%.The business had revenue of $74.25 million for the quarter, compared to the consensus estimate of $72.53 million. During the same quarter in the prior year, the business 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. On average, equities research analysts expect that Impinj will post 0.28 earnings per share 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).