Impinj, Inc. (NASDAQ:PI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Impinj, Inc. (NASDAQ:PI) have been assigned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $179.2222.

A number of equities research analysts recently commented on PI shares. Needham & Company LLC dropped their target price on Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Jefferies Financial Group raised their price target on shares of Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Evercore set a $144.00 price objective on shares of Impinj in a research note on Thursday, April 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price objective on shares of Impinj in a report on Thursday, July 30th. Finally, Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st.

Insiders Place Their Bets

In other Impinj 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 sale, the director directly owned 973,667 shares of the company’s stock, valued at approximately $146,809,510.26. This represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Cary Baker sold 1,429 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $185.00, for a total value of $264,365.00. Following the sale, the chief financial officer directly owned 88,226 shares in the company, valued at $16,321,810. This represents a 1.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 240,657 shares of company stock valued at $32,875,156 over the last 90 days. 6.80% of the stock is currently owned by insiders.

Institutional Trading of Impinj

A number of hedge funds have recently modified their holdings of PI. BlackRock Inc. purchased a new position in Impinj during the second quarter valued at approximately $637,286,000. Vanguard Group Inc. boosted its position in Impinj by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 3,465,949 shares of the company’s stock worth $603,110,000 after purchasing an additional 85,882 shares in the last quarter. Invesco Ltd. grew its stake in shares of Impinj by 6.5% during the 4th quarter. Invesco Ltd. now owns 1,287,879 shares of the company’s stock worth $224,104,000 after purchasing an additional 78,587 shares during the period. State Street Corp grew its stake in shares of Impinj by 10.8% during the 4th quarter. State Street Corp now owns 1,276,893 shares of the company’s stock worth $222,192,000 after purchasing an additional 124,792 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Impinj by 2.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 692,596 shares of the company’s stock worth $120,519,000 after purchasing an additional 18,263 shares during the period.

Impinj Stock Performance

Shares of PI opened at $172.65 on Monday. The stock has a 50-day moving average of $143.42 and a two-hundred day moving average of $130.17. Impinj has a one year low of $87.36 and a one year high of $247.06. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.29 and a current ratio of 3.28. The stock has a market cap of $5.27 billion, a P/E ratio of -187.66 and a beta of 1.94.

Impinj (NASDAQ:PI) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The business had revenue of $108.37 million for the quarter, compared to the consensus estimate of $104.60 million. During the same quarter in the previous year, the business earned $0.80 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, research analysts predict that Impinj will post 0.37 EPS for the current year.

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).