Evercore ISI Downgrades Impinj (NASDAQ:PI) to In-Line

Impinj (NASDAQ:PI) was downgraded by equities research analysts at Evercore ISI from an “outperform” rating to an “in-line” rating in a research report issued on Friday, Marketbeat reports. They presently have a $112.00 price objective on the stock. Evercore ISI’s target price suggests a potential downside of 3.69% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Needham & Company LLC decreased their price target on Impinj from $255.00 to $175.00 and set a “buy” rating on the stock in a report on Friday. Piper Sandler restated a “mixed” rating and set a $180.00 target price (down from $230.00) on shares of Impinj in a research report on Friday. Evercore reaffirmed an “in-line” rating and issued a $112.00 target price (down previously from $273.00) on shares of Impinj in a research note on Friday. Zacks Research downgraded shares of Impinj from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Finally, UBS Group set a $155.00 price objective on shares of Impinj in a research note on Friday. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $166.56.

Impinj Price Performance

Shares of PI stock traded down $37.54 during trading hours on Friday, hitting $116.30. 3,150,636 shares of the company’s stock were exchanged, compared to its average volume of 789,310. Impinj has a 52 week low of $60.85 and a 52 week high of $247.06. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of -264.30 and a beta of 1.56. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.67 and a quick ratio of 1.97. The stock’s 50-day moving average is $168.27 and its 200-day moving average is $173.45.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $92.85 million for the quarter, compared to the consensus estimate of $91.87 million. Impinj had a positive return on equity of 8.15% and a negative net margin of 3.45%.The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. As a group, research analysts forecast that Impinj will post -0.47 EPS for the current year.

Insider Transactions at Impinj

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of Impinj stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $150.36, for a total value of $20,242,816.44. Following the transaction, the insider 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders sold 666,192 shares of company stock worth $105,288,457. 12.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Impinj

A number of institutional investors have recently made changes to their positions in PI. DLD Asset Management LP acquired a new stake in shares of Impinj in the second quarter valued at about $1,332,840,000. Invesco Ltd. grew its stake in Impinj by 48.3% in the third quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock valued at $218,580,000 after purchasing an additional 393,685 shares in the last quarter. William Blair Investment Management LLC acquired a new position in shares of Impinj during the 3rd quarter worth approximately $36,259,000. Granite Investment Partners LLC bought a new stake in shares of Impinj during the 2nd quarter worth approximately $12,160,000. Finally, Oberweis Asset Management Inc. bought a new stake in shares of Impinj during the 3rd quarter worth approximately $19,362,000.

Impinj News Roundup

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Q4 results were roughly in line: GAAP EPS of $0.50 matched consensus and revenue of ~$92.9M slightly beat estimates — evidence the core business remains profitable and growing modestly. Impinj Reports Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Analysts still see upside despite cuts: Needham kept a buy rating (PT lowered to $175) and Piper Sandler maintained a mixed rating (PT lowered to $180), indicating some investors/analysts view the pullback as a buying opportunity. Needham price target note
• Neutral Sentiment: Longer‑term demand drivers remain: analysts and company commentary point to ongoing retail RFID mandates and secular adoption that support multi‑year growth, but these are balanced by short‑term execution risks. Retail mandates fuel RFID push
• Negative Sentiment: Q1 2026 revenue guidance came in at $71M–$74M versus Street estimates near $89.7M — a big short‑term miss that is the primary driver of the selloff. Impinj outlines Q1 2026 revenue target
• Negative Sentiment: Management flagged an inventory transition and the rollout of custom chips that will depress near‑term shipments and cash flow (inventory “burn” and muted guidance highlighted in analyst/deep‑dive pieces). PI Q4 Deep Dive: Inventory Burn, Custom Chips, and Muted Guidance
• Negative Sentiment: Immediate market reaction was severe: multiple outlets report a sharp intraday drop and elevated volume as investors reprice the company around the weaker near‑term outlook; several firms cut price targets. Impinj Stock Falls on 4Q Earnings Miss

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).