Impinj (NASDAQ:PI) Cut to Hold at Wall Street Zen

Impinj (NASDAQ:PI) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other equities analysts also recently commented on the stock. 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. Barclays raised their target price on shares of Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Evercore set a $144.00 price target on shares of Impinj in a report on Thursday, April 30th. Zacks Research upgraded shares of Impinj from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, UBS Group boosted their price target on shares of Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $175.00.

Impinj Stock Down 1.7%

Shares of PI opened at $138.37 on Friday. The business’s 50 day moving average is $139.24 and its 200 day moving average is $133.74. The company has a market capitalization of $4.21 billion, a PE ratio of -150.40 and a beta of 1.92. Impinj has a 12-month low of $87.36 and a 12-month high of $247.06. 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 (NASDAQ:PI) last posted its quarterly 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 positive return on equity of 5.67% and a negative net margin of 7.66%.The business had revenue of $74.25 million during the quarter, compared to the consensus estimate of $72.53 million. During the same period in the prior year, the company posted $0.21 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Research analysts expect that Impinj will post 0.28 earnings per share for the current fiscal year.

Insider Activity at Impinj

In related news, Director Sylebra Capital Llc sold 48,504 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 973,667 shares of the company’s stock, valued at approximately $146,809,510.26. This trade represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 265,124 shares of company stock worth $36,565,887. 6.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Impinj

Hedge funds have recently bought and sold shares of the business. Handelsbanken Fonder AB lifted its position in Impinj by 59.4% during the second quarter. Handelsbanken Fonder AB now owns 10,200 shares of the company’s stock valued at $1,461,000 after purchasing an additional 3,800 shares during the last quarter. Community Financial Services Group LLC bought a new stake in shares of Impinj in the 2nd quarter worth about $85,000. Assenagon Asset Management S.A. bought a new stake in shares of Impinj in the 2nd quarter worth about $879,000. Avior Wealth Management LLC purchased a new stake in shares of Impinj during the 2nd quarter valued at about $243,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Impinj during the 1st quarter valued at about $28,000.

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).