Impinj (NASDAQ:PI) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Impinj (NASDAQ:PI) from a buy rating to a hold rating in a report released on Saturday morning.

PI has been the topic of a number of other research reports. Zacks Research upgraded Impinj from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Barclays lifted their price objective on Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. UBS Group upped their target price on Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Evercore set a $144.00 price target on Impinj in a research report on Thursday, April 30th. Finally, Weiss Ratings cut Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $175.00.

Impinj Stock Down 1.7%

PI stock opened at $138.37 on Friday. The company has a current ratio of 9.20, a quick ratio of 6.55 and a debt-to-equity ratio of 1.18. The company’s 50-day moving average price is $139.24 and its 200 day moving average price is $133.74. Impinj has a 52 week low of $87.36 and a 52 week high of $247.06. The company has a market cap of $4.21 billion, a P/E ratio of -150.40 and a beta of 1.92.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $74.25 million during the quarter, compared to analysts’ expectations of $72.53 million. During the same period last year, the company 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, research analysts expect that Impinj will post 0.28 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Sylebra Capital Llc sold 12,105 shares of Impinj stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total value of $1,541,692.80. Following the completion of the sale, the director owned 782,943 shares of the company’s stock, valued at $99,715,620.48. The trade was a 1.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 265,124 shares of company stock worth $36,565,887 in the last 90 days. 6.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Impinj

Several large investors have recently added to or reduced their stakes in PI. Danske Bank A S acquired a new stake in Impinj in the 4th quarter worth about $35,000. Western Wealth Management LLC acquired a new position in shares of Impinj during the 1st quarter valued at about $28,000. Daiwa Securities Group Inc. increased its stake in shares of Impinj by 41.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock valued at $59,000 after acquiring an additional 100 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Impinj during the 4th quarter worth about $60,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Impinj by 7,100.0% during the 4th quarter. Larson Financial Group LLC now owns 360 shares of the company’s stock worth $63,000 after acquiring an additional 355 shares during the period.

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).