Analysts Set Impinj, Inc. (NASDAQ:PI) Price Target at $179.22

Shares of Impinj, Inc. (NASDAQ:PI) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $179.2222.

A number of research firms have weighed in on PI. Jefferies Financial Group upped their target price on Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Barclays raised their price objective on shares of Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Evercore set a $144.00 price target on Impinj in a research note on Thursday, April 30th. Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Needham & Company LLC lowered their target price on Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, July 30th.

Insider Buying and Selling at Impinj

In other Impinj news, CFO Cary Baker sold 1,429 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $185.00, for a total transaction 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 approximately $16,321,810. The trade was a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 48,504 shares of Impinj stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $150.78, for a total value of $7,313,433.12. Following the transaction, the director directly owned 973,667 shares in the company, valued at approximately $146,809,510.26. The trade was a 4.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 240,657 shares of company stock worth $32,875,156 over the last quarter. 6.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PI. Swiss Life Asset Management Ltd boosted its holdings in shares of Impinj by 7.6% during the 4th quarter. Swiss Life Asset Management Ltd now owns 1,298 shares of the company’s stock valued at $226,000 after purchasing an additional 92 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Impinj by 4.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,467 shares of the company’s stock worth $429,000 after purchasing an additional 97 shares during the period. Xponance LLC boosted its holdings in shares of Impinj by 4.9% in the 4th quarter. Xponance LLC now owns 2,138 shares of the company’s stock worth $372,000 after purchasing an additional 99 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Impinj by 41.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock valued at $59,000 after acquiring an additional 100 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in Impinj by 35.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 384 shares of the company’s stock worth $65,000 after purchasing an additional 100 shares during the period.

Impinj Stock Down 3.4%

NASDAQ PI opened at $172.65 on Monday. The stock has a market capitalization of $5.27 billion, a PE ratio of -187.66 and a beta of 1.94. Impinj has a 1 year low of $87.36 and a 1 year high of $247.06. The business’s 50-day moving average is $143.42 and its 200 day moving average is $130.40. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.28 and a quick ratio of 2.29.

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

Impinj Company Profile

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).