Brokerages Set Impinj, Inc. (NASDAQ:PI) Price Target at $183.30

by · The Cerbat Gem

Shares of Impinj, Inc. (NASDAQ:PI – Get Free Report) have received an average rating of “Moderate Buy” from the eleven analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $183.30.

PI has been the topic of a number of research reports. Jefferies Financial Group raised their target price on shares of Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Needham & Company LLC lowered their price objective on Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 price objective on shares of Impinj in a research note on Thursday, July 30th. Zacks Research cut Impinj from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Finally, BMO Capital Markets started coverage on Impinj in a research note on Thursday, August 20th. They issued an “outperform” rating and a $220.00 target price for the company.

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Impinj Price Performance

Impinj stock opened at $172.57 on Friday. Impinj has a 52-week low of $87.36 and a 52-week high of $247.06. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of -187.58 and a beta of 1.92. The company has a fifty day simple moving average of $155.04 and a 200-day simple moving average of $133.70. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80.

Impinj (NASDAQ:PI – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06. The firm 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 company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the firm posted $0.80 earnings per share. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, equities analysts anticipate that Impinj will post 0.37 EPS for the current fiscal year.

Insider Transactions at Impinj

In other news, CFO Cary Baker sold 1,429 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $185.00, for a total value of $264,365.00. Following the completion of the sale, the chief financial officer owned 88,226 shares of the company’s stock, valued at $16,321,810. This represents a 1.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 12,105 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total transaction of $1,541,692.80. Following the sale, the director owned 782,943 shares of the company’s stock, valued at $99,715,620.48. This represents a 1.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. increased its stake in Impinj by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after acquiring an additional 140 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Impinj by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock valued at $25,324,000 after purchasing an additional 26,388 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Impinj during the 1st quarter worth $223,000. Intech Investment Management LLC grew its holdings in shares of Impinj by 29.6% during the 1st quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock worth $1,515,000 after purchasing an additional 3,812 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Impinj during the 2nd quarter worth about $3,833,000.

About Impinj

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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).

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