Impinj (NASDAQ:PI) Trading 7.3% Higher – What’s Next?

Impinj, Inc. (NASDAQ:PI) was up 7.3% on Tuesday . The stock traded as high as $168.53 and last traded at $168.98. Approximately 124,946 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 605,521 shares. The stock had previously closed at $157.44.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PI shares. Evercore ISI increased their target price on Impinj from $236.00 to $273.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Barclays upped their price objective on shares of Impinj from $200.00 to $211.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Wall Street Zen downgraded shares of Impinj from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Needham & Company LLC boosted their target price on shares of Impinj from $195.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Susquehanna set a $255.00 price target on shares of Impinj in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $226.33.

Impinj Stock Performance

The company has a quick ratio of 8.44, a current ratio of 11.64 and a debt-to-equity ratio of 1.51. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of -382.53 and a beta of 1.83. The company has a 50 day simple moving average of $186.41 and a 200 day simple moving average of $153.88.

Impinj (NASDAQ:PI) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Impinj had a positive return on equity of 8.50% and a negative net margin of 3.45%.The firm had revenue of $96.06 million for the quarter, compared to analyst estimates of $92.71 million. During the same quarter in the previous 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. As a group, equities research analysts forecast that Impinj, Inc. will post -0.47 EPS for the current year.

Insider Activity

In other Impinj news, CEO Chris Ph.D. Diorio sold 4,096 shares of Impinj stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $187.63, for a total value of $768,532.48. Following the completion of the sale, the chief executive officer directly owned 297,013 shares of the company’s stock, valued at approximately $55,728,549.19. The trade was a 1.36% 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, Director Miron Washington sold 342 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $158.94, for a total value of $54,357.48. Following the completion of the transaction, the director owned 2,040 shares in the company, valued at approximately $324,237.60. The trade was a 14.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 400,253 shares of company stock valued at $75,702,649. 12.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Impinj

Institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its stake in shares of Impinj by 450.1% in the first quarter. Envestnet Asset Management Inc. now owns 32,736 shares of the company’s stock worth $2,969,000 after purchasing an additional 26,785 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Impinj by 254.3% during the 1st quarter. Cetera Investment Advisers now owns 5,761 shares of the company’s stock valued at $523,000 after buying an additional 4,135 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Impinj by 10.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,989 shares of the company’s stock worth $634,000 after purchasing an additional 660 shares during the last quarter. LPL Financial LLC grew its position in Impinj by 29.3% during the first quarter. LPL Financial LLC now owns 15,200 shares of the company’s stock valued at $1,379,000 after acquiring an additional 3,442 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Impinj in the 1st quarter valued at $1,033,000.

About Impinj

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.