Brokerages Set Impinj, Inc. (NASDAQ:PI) Target Price at $166.56

Shares of Impinj, Inc. (NASDAQ:PI) have earned a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $173.3750.

A number of equities research analysts have recently commented on the company. Barclays dropped their target price on Impinj from $211.00 to $175.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Piper Sandler reissued a “mixed” rating and issued a $180.00 price objective (down from $230.00) on shares of Impinj in a report on Friday, February 6th. Wall Street Zen downgraded Impinj from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Evercore reiterated an “in-line” rating and set a $112.00 target price (down previously from $273.00) on shares of Impinj in a research report on Friday, February 6th. Finally, Needham & Company LLC dropped their price target on shares of Impinj from $255.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, February 6th.

Insider Activity

In related news, insider Sylebra Capital Llc sold 134,629 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $150.36, for a total transaction of $20,242,816.44. Following the completion of the transaction, the insider owned 1,132,152 shares in the company, valued at $170,230,374.72. This represents a 10.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 624,339 shares of company stock valued at $98,766,772 in the last quarter. 12.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Impinj

Hedge funds and other institutional investors have recently modified their holdings of the business. DLD Asset Management LP acquired a new stake in Impinj in the 2nd quarter valued at about $1,332,840,000. Vanguard Group Inc. lifted its position in Impinj by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 3,465,949 shares of the company’s stock worth $603,110,000 after buying an additional 85,882 shares in the last quarter. State Street Corp boosted its stake in Impinj by 10.8% during the fourth quarter. State Street Corp now owns 1,276,893 shares of the company’s stock worth $222,192,000 after buying an additional 124,792 shares during the last quarter. Invesco Ltd. grew its holdings in Impinj by 48.3% in the 3rd quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock valued at $218,580,000 after buying an additional 393,685 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Impinj by 2.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 692,596 shares of the company’s stock worth $120,519,000 after acquiring an additional 18,263 shares during the period.

Impinj Price Performance

NASDAQ:PI opened at $122.99 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.68 and a quick ratio of 2.01. The company has a 50 day moving average price of $160.17 and a 200-day moving average price of $173.09. Impinj has a 1-year low of $60.85 and a 1-year high of $247.06. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of -315.35 and a beta of 1.56.

Impinj (NASDAQ:PI) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. Impinj had a negative net margin of 3.00% and a positive return on equity of 8.49%. The company had revenue of $92.85 million for the quarter, compared to analyst estimates of $91.87 million. During the same quarter last year, the business earned $0.48 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. Equities research analysts forecast that Impinj will post -0.47 EPS for the current year.

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).