Impinj, Inc. (NASDAQ:PI) Receives Consensus Rating of “Hold” from Brokerages

Shares of Impinj, Inc. (NASDAQ:PI) have earned a consensus rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $175.00.

A number of brokerages have recently issued reports on PI. Barclays boosted their price objective on shares of Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Cantor Fitzgerald cut their price objective on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Susquehanna reissued a “positive” rating and set a $200.00 price objective on shares of Impinj in a research report on Friday, February 6th. Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Piper Sandler reissued a “mixed” rating and set a $180.00 price objective (down from $230.00) on shares of Impinj in a research report on Friday, February 6th.

Impinj Trading Up 0.4%

Shares of PI stock opened at $143.26 on Wednesday. Impinj has a 1 year low of $87.36 and a 1 year high of $247.06. The firm has a fifty day moving average price of $124.58 and a 200-day moving average price of $139.54. The company has a debt-to-equity ratio of 1.18, a current ratio of 9.20 and a quick ratio of 6.55. The company has a market cap of $4.36 billion, a price-to-earnings ratio of -155.72 and a beta of 1.91.

Impinj (NASDAQ:PI) last issued its quarterly earnings data 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 firm had revenue of $74.25 million during the quarter, compared to the consensus estimate of $72.53 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The company’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. As a group, equities analysts predict that Impinj will post 0.28 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Sylebra Capital Llc sold 48,504 shares of the company’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 owned 973,667 shares of the company’s stock, valued at approximately $146,809,510.26. This represents a 4.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 81,563 shares of company stock valued at $12,302,078. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PI. Advisors Asset Management Inc. boosted its holdings in Impinj by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after buying an additional 140 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Impinj by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock worth $25,324,000 after buying an additional 26,388 shares during the period. Focus Partners Wealth bought a new position in Impinj in the 1st quarter worth $223,000. Intech Investment Management LLC boosted its holdings in Impinj by 29.6% in the 1st quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock worth $1,515,000 after buying an additional 3,812 shares during the period. Finally, Marshall Wace LLP bought a new position in Impinj in the 2nd quarter worth $3,833,000.

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).