Impinj, Inc. (NASDAQ:PI) Stock Has Consensus Price Target of $183.30 According to Brokerages

by · The Markets Daily

Shares of Impinj, Inc. (NASDAQ:PI – Get Free Report) have earned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $183.30.

A number of equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Needham & Company LLC lowered 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. Zacks Research downgraded shares of Impinj from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. Jefferies Financial Group upped their price target on shares of Impinj from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, BMO Capital Markets began coverage on shares of Impinj in a report on Thursday, August 20th. They issued an “outperform” rating and a $220.00 price target for the company.

Read Our Latest Report on Impinj

Insider Activity

In other Impinj news, CFO Cary Baker sold 8,892 shares of the firm’s 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 transaction, the chief financial officer directly owned 80,388 shares of the company’s stock, valued at approximately $14,871,780. This trade represents a 9.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Miron Washington sold 800 shares of Impinj stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $173.26, for a total transaction of $138,608.00. Following the sale, the director owned 4,354 shares of the company’s stock, valued at approximately $754,374.04. The trade was a 15.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 11,121 shares of company stock valued at $2,047,993. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Impinj

A number of institutional investors have recently modified their holdings of PI. BlackRock Inc. acquired a new stake in Impinj in the 2nd quarter worth about $637,286,000. The Manufacturers Life Insurance Company acquired a new position in shares of Impinj during the second quarter valued at approximately $95,867,000. Norges Bank acquired a new position in shares of Impinj during the fourth quarter valued at approximately $55,216,000. William Blair Investment Management LLC acquired a new stake in shares of Impinj in the second quarter worth approximately $42,514,000. Finally, AWM Investment Company Inc. purchased a new stake in shares of Impinj during the second quarter worth approximately $29,651,000.

Impinj Price Performance

Shares of PI stock opened at $189.61 on Tuesday. The stock’s 50-day moving average is $169.96 and its 200 day moving average is $142.67. Impinj has a 1-year low of $87.36 and a 1-year high of $247.06. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.28 and a quick ratio of 2.29. The company has a market cap of $5.79 billion, a P/E ratio of -206.10 and a beta of 1.94.

Impinj (NASDAQ:PI – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $108.37 million during 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 revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. Research analysts predict that Impinj will post 0.37 earnings per share for the current fiscal year.

About Impinj

(Get Free Report)

Impinj, Inc is a technology company that develops products and software for the Internet of Things (IoT) and connected-item applications. The company specializes in RAIN RFID, a wireless technology that uses radio waves to identify, locate and manage individual items. Its platform is designed to help businesses improve inventory visibility, supply-chain operations and asset management.

Impinj’s offerings include RFID endpoint integrated circuits, reader chips, RFID readers, gateways, antennas and software.

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