Impinj (NASDAQ:PI) Given New $180.00 Price Target at Roth Mkm

Impinj (NASDAQ:PI) had its price target dropped by investment analysts at Roth Mkm from $220.00 to $180.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price objective suggests a potential upside of 85.58% from the stock’s previous close.

A number of other analysts also recently issued reports on PI. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Impinj in a report on Thursday, January 22nd. UBS Group set a $155.00 price target on shares of Impinj in a research note on Friday, February 6th. Zacks Research downgraded shares of Impinj from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Needham & Company LLC cut their price target on shares of Impinj from $255.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Finally, Barclays decreased their price objective on shares of Impinj from $175.00 to $169.00 and set an “overweight” rating for the company in a research note on Monday. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Impinj presently has a consensus rating of “Hold” and an average price target of $167.63.

Impinj Stock Up 5.7%

Shares of NASDAQ:PI traded up $5.26 during trading hours on Monday, reaching $97.00. The stock had a trading volume of 187,731 shares, compared to its average volume of 791,436. Impinj has a 1 year low of $60.85 and a 1 year high of $247.06. The firm’s 50 day moving average is $140.37 and its 200-day moving average is $166.46. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of -248.70 and a beta of 1.56. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.01 and a current ratio of 2.68.

Impinj (NASDAQ:PI) last issued its earnings results on Thursday, February 5th. The company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The firm had revenue of $92.85 million during the quarter, compared to the consensus estimate of $91.87 million. Impinj had a negative net margin of 3.00% and a positive return on equity of 8.49%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. Research analysts predict that Impinj will post -0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Impinj

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CoreCap Advisors LLC purchased a new stake in Impinj during the 3rd quarter valued at approximately $27,000. Hantz Financial Services Inc. grew 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 purchasing an additional 75 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in shares of Impinj in the third quarter valued at approximately $31,000. Bessemer Group Inc. increased its holdings 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 purchasing an additional 84 shares during the period. Finally, Danske Bank A S purchased a new stake in shares of Impinj during the fourth quarter worth approximately $35,000.

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).