Impinj (NASDAQ:PI) Rating Lowered to “Hold” at Zacks Research

Impinj (NASDAQ:PI) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other analysts have also commented on PI. Piper Sandler lifted their target price on shares of Impinj from $180.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Evercore ISI raised their price target on Impinj from $236.00 to $273.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Cantor Fitzgerald upped their price objective on Impinj from $217.00 to $246.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Wall Street Zen lowered Impinj from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, UBS Group started coverage on Impinj in a report on Friday, November 7th. They set a “neutral” rating and a $200.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Impinj has an average rating of “Moderate Buy” and an average price target of $226.33.

Impinj Stock Down 1.7%

Shares of PI stock opened at $168.60 on Monday. The stock has a market cap of $5.08 billion, a P/E ratio of -383.17 and a beta of 1.50. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.67 and a quick ratio of 1.97. The stock has a fifty day moving average price of $172.76 and a 200 day moving average price of $163.03. Impinj has a one year low of $60.85 and a one year high of $247.06.

Impinj (NASDAQ:PI) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, beating 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 8.15%. The company had revenue of $96.06 million during the quarter, compared to analysts’ expectations of $92.71 million. During the same quarter in the prior 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 predict that Impinj will post -0.47 earnings per share for the current year.

Insider Activity

In other news, insider Sylebra Capital Llc sold 134,629 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $150.36, for a total transaction of $20,242,816.44. Following the completion of the sale, the insider owned 1,132,152 shares in the company, valued at $170,230,374.72. The trade was a 10.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 697,450 shares of company stock worth $110,643,153. Company insiders own 51.00% of the company’s stock.

Institutional Trading of Impinj

Several institutional investors have recently added to or reduced their stakes in PI. EP Wealth Advisors LLC grew its holdings in Impinj by 40.9% in the 1st quarter. EP Wealth Advisors LLC now owns 2,287 shares of the company’s stock valued at $207,000 after buying an additional 664 shares in the last quarter. AWM Investment Company Inc. boosted its position in shares of Impinj by 23.1% in the first quarter. AWM Investment Company Inc. now owns 218,171 shares of the company’s stock valued at $19,788,000 after acquiring an additional 41,000 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Impinj by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after acquiring an additional 140 shares in the last quarter. Banque Transatlantique SA acquired a new position in shares of Impinj in the first quarter valued at about $29,000. Finally, Duquesne Family Office LLC bought a new position in Impinj during the first quarter worth about $9,839,000.

About Impinj

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).