Impinj, Inc. (NASDAQ:PI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Impinj, Inc. (NASDAQ:PI) have been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $183.30.

PI has been the subject of a number of research reports. Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. BMO Capital Markets assumed coverage on Impinj in a research note on Thursday, August 20th. They issued an “outperform” rating and a $220.00 target price for the company. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 target price on shares of Impinj in a research report on Thursday, July 30th. Zacks Research lowered Impinj from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Finally, Needham & Company LLC decreased their price target on Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, July 30th.

Impinj Stock Performance

Impinj stock opened at $185.19 on Tuesday. The stock has a 50-day simple moving average of $171.06 and a 200 day simple moving average of $143.59. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of -201.29 and a beta of 1.94. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80. Impinj has a 12-month low of $87.36 and a 12-month high of $247.06.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The firm had revenue of $108.37 million for the quarter, compared to analyst estimates of $104.60 million. During the same quarter in the prior year, the firm earned $0.80 EPS. The company’s revenue was up 10.7% on a year-over-year basis. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, research analysts anticipate that Impinj will post 0.37 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Cary Baker sold 8,892 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $185.00, for a total value of $1,645,020.00. Following the transaction, the chief financial officer directly owned 80,388 shares in the company, valued at $14,871,780. This represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Miron Washington sold 800 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $173.26, for a total transaction of $138,608.00. Following the completion of the transaction, the director directly owned 4,354 shares in the company, valued at approximately $754,374.04. The trade was a 15.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 11,121 shares of company stock worth $2,047,993 in the last ninety days. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. TOP Private Wealth LLC. acquired a new stake in shares of Impinj during the second quarter worth $25,000. Western Wealth Management LLC acquired a new position in shares of Impinj during the 1st quarter worth about $28,000. Global Retirement Partners LLC bought a new stake in shares of Impinj in the 2nd quarter valued at about $31,000. Bamco Inc. NY bought a new stake in shares of Impinj in the 2nd quarter valued at about $45,000. Finally, Kelleher Financial Advisors acquired a new stake in shares of Impinj in the 2nd quarter valued at approximately $52,000.

Impinj Company Profile

Impinj, Inc is a technology company that develops products and software for the Internet of Things (IoT) and connected-item applications. The company specializes in RAIN RFID, a wireless technology that uses radio waves to identify, locate and manage individual items. Its platform is designed to help businesses improve inventory visibility, supply-chain operations and asset management.

Impinj’s offerings include RFID endpoint integrated circuits, reader chips, RFID readers, gateways, antennas and software.