Impinj (NASDAQ:PI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Impinj (NASDAQ:PI) from a hold rating to a buy rating in a research report report published on Saturday morning.

Other analysts have also issued research reports about the stock. Barclays assumed coverage on shares of Impinj in a research report on Tuesday, October 7th. They set an “overweight” rating and a $200.00 price target on the stock. Evercore ISI lifted their price target on shares of Impinj from $236.00 to $273.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Cantor Fitzgerald lifted their price target on shares of Impinj from $217.00 to $246.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Roth Capital reaffirmed a “buy” rating and set a $235.00 price target on shares of Impinj in a research report on Thursday. Finally, Zacks Research raised shares of Impinj from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $228.25.

Impinj Trading Down 7.2%

PI opened at $187.67 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44. The company’s 50 day simple moving average is $196.18 and its two-hundred day simple moving average is $146.74. Impinj has a 1-year low of $60.85 and a 1-year high of $247.06. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of -426.51 and a beta of 1.83.

Impinj (NASDAQ:PI) last released its earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. Impinj had a negative net margin of 3.45% and a positive return on equity of 8.50%. The business had revenue of $96.06 million for the quarter, compared to analyst estimates of $92.71 million. During the same period last year, the company posted $0.56 EPS. The business’s revenue was up .9% on a year-over-year basis. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. Analysts expect that Impinj will post -0.47 EPS for the current fiscal year.

Insider Activity at Impinj

In other Impinj news, CEO Chris Ph.D. Diorio sold 5,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $192.30, for a total transaction of $961,500.00. Following the transaction, the chief executive officer owned 341,109 shares of the company’s stock, valued at $65,595,260.70. This trade represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sylebra Capital Llc sold 300,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $196.24, for a total transaction of $58,872,000.00. Following the transaction, the insider directly owned 1,829,260 shares in the company, valued at approximately $358,973,982.40. This represents a 14.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 324,096 shares of company stock worth $63,353,832 in the last three months. Insiders own 12.40% of the company’s stock.

Hedge Funds Weigh In On Impinj

A number of hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its position in shares of Impinj by 3.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,679 shares of the company’s stock worth $303,000 after buying an additional 57 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Impinj by 0.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,130 shares of the company’s stock worth $3,113,000 after buying an additional 66 shares in the last quarter. Amalgamated Bank raised its position in shares of Impinj by 1.1% during the 2nd quarter. Amalgamated Bank now owns 6,670 shares of the company’s stock worth $741,000 after buying an additional 74 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Impinj by 17.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 579 shares of the company’s stock worth $64,000 after buying an additional 88 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its position in shares of Impinj by 5.3% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,148 shares of the company’s stock worth $388,000 after buying an additional 108 shares in the last quarter.

Impinj Company Profile

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.