Impinj, Inc. (NASDAQ:PI) Stock Has Average Target Price of $185.70 According to Analysts

Shares of Impinj, Inc. (NASDAQ:PI) have earned a consensus rating of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $185.70.

A number of equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Needham & Company LLC reduced their target price on shares of Impinj from $175.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Barclays increased their target price on Impinj from $176.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price target on shares of Impinj in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, July 30th.

Impinj Price Performance

Shares of Impinj stock opened at $172.23 on Friday. Impinj has a 1-year low of $87.36 and a 1-year high of $245.93. The firm’s 50-day moving average price is $175.90 and its two-hundred day moving average price is $144.98. The company has a current ratio of 3.28, a quick ratio of 2.29 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of -187.21 and a beta of 1.94.

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

Insider Buying and Selling at Impinj

In other Impinj news, Director Miron Washington sold 800 shares of Impinj stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $173.26, for a total value of $138,608.00. Following the completion of the sale, the director owned 4,354 shares in the company, valued at $754,374.04. The trade was a 15.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Cary Baker sold 8,892 shares of Impinj stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $185.00, for a total transaction of $1,645,020.00. Following the completion of the sale, the chief financial officer owned 80,388 shares of the company’s stock, valued at approximately $14,871,780. The trade was a 9.96% 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 a total of 11,121 shares of company stock valued at $2,047,993 in the last ninety days. Insiders own 6.80% of the company’s stock.

Institutional Trading of Impinj

A number of institutional investors have recently modified their holdings of PI. Verdence Capital Advisors LLC acquired a new position in shares of Impinj in the third quarter worth approximately $223,000. Apollon Wealth Management LLC boosted its holdings in Impinj by 70.0% in the third quarter. Apollon Wealth Management LLC now owns 3,149 shares of the company’s stock valued at $565,000 after acquiring an additional 1,297 shares during the last quarter. Signaturefd LLC boosted its holdings in Impinj by 72.3% in the third quarter. Signaturefd LLC now owns 162 shares of the company’s stock valued at $29,000 after acquiring an additional 68 shares during the last quarter. Evergreen Capital Management LLC bought a new stake in Impinj in the third quarter valued at approximately $204,000. Finally, Sterling Capital Management LLC increased its position in Impinj by 837.9% during the 3rd quarter. Sterling Capital Management LLC now owns 966 shares of the company’s stock valued at $173,000 after purchasing an additional 863 shares during the period.

About Impinj

Impinj, Inc (NASDAQ: PI) develops technology for the Internet of Things (IoT) based on RAIN RFID, a wireless technology used to identify, locate and authenticate individual items. Its platform is designed to connect physical products, packages and assets to digital systems, helping organizations collect real-time information throughout supply chains and business operations.

The company offers a portfolio of RAIN RFID endpoint integrated circuits, reader chips, RFID readers and gateways, antennas, and cloud and software solutions.