Roth Mkm Has Lowered Expectations for Impinj (NASDAQ:PI) Stock Price

Impinj (NASDAQ:PI) had its price objective decreased by equities researchers at Roth Mkm from $220.00 to $180.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price objective points to a potential upside of 85.58% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the stock. Evercore reiterated an “in-line” rating and issued a $112.00 target price (down from $273.00) on shares of Impinj in a research note on Friday, February 6th. Piper Sandler reaffirmed a “mixed” rating and set a $180.00 target price (down from $230.00) on shares of Impinj in a research note on Friday, February 6th. Cantor Fitzgerald decreased their target price on Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Needham & Company LLC cut their price target on shares of Impinj from $255.00 to $175.00 and set a “buy” rating for the company in a report on Friday, February 6th. Finally, Susquehanna restated a “positive” rating and set a $200.00 price objective on shares of Impinj in a research report on Friday, February 6th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Impinj has an average rating of “Hold” and an average price target of $167.63.

Impinj Stock Performance

Impinj stock traded up $5.26 during trading hours on Monday, hitting $97.00. 187,731 shares of the stock traded hands, compared to its average volume of 791,436. The firm’s 50 day moving average price is $140.37 and its 200-day moving average price is $166.46. 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 stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of -248.70 and a beta of 1.56. Impinj has a 1 year low of $60.85 and a 1 year high of $247.06.

Impinj (NASDAQ:PI) last released its earnings results on Thursday, February 5th. The company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. Impinj had a positive return on equity of 8.49% and a negative net margin of 3.00%.The firm had revenue of $92.85 million during the quarter, compared to the consensus estimate of $91.87 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. As a group, equities analysts expect that Impinj will post -0.47 EPS for the current fiscal year.

Institutional Trading of Impinj

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CoreCap Advisors LLC purchased a new stake in Impinj during the 3rd quarter worth approximately $27,000. Hantz Financial Services Inc. raised its stake in shares of Impinj by 90.4% in the third quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after acquiring an additional 75 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Impinj in the third quarter valued at $31,000. Bessemer Group Inc. boosted its holdings in Impinj by 101.2% in the third quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after purchasing an additional 84 shares during the period. Finally, Danske Bank A S acquired a new position in Impinj during the 4th quarter worth $35,000.

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).