Impinj (NASDAQ:PI) Given New $175.00 Price Target at Needham & Company LLC

Impinj (NASDAQ:PI) had its price target dropped by investment analysts at Needham & Company LLC from $255.00 to $175.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price target would indicate a potential upside of 13.76% from the stock’s previous close.

Several other equities analysts have also recently issued reports on PI. Zacks Research cut shares of Impinj from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. UBS Group decreased their target price on shares of Impinj from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Monday, January 26th. Roth Mkm set a $220.00 price target on shares of Impinj in a report on Friday. Barclays set a $175.00 price objective on shares of Impinj in a research report on Friday. Finally, Wall Street Zen downgraded Impinj from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Impinj has an average rating of “Moderate Buy” and a consensus target price of $200.38.

Impinj Price Performance

Shares of PI stock opened at $153.83 on Friday. The business has a fifty day simple moving average of $168.27 and a 200 day simple moving average of $173.45. Impinj has a twelve month low of $60.85 and a twelve month high of $247.06. The company has a quick ratio of 1.97, a current ratio of 2.67 and a debt-to-equity ratio of 0.94. The company has a market cap of $4.63 billion, a P/E ratio of -349.61 and a beta of 1.56.

Insiders Place Their Bets

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $150.36, for a total value of $20,242,816.44. Following the transaction, the insider owned 1,132,152 shares in the company, valued at approximately $170,230,374.72. This represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 666,192 shares of company stock worth $105,288,457. 12.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. CoreCap Advisors LLC bought a new stake in shares of Impinj during the 3rd quarter worth $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in Impinj in the 2nd quarter worth approximately $28,000. Hantz Financial Services Inc. raised its stake in 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 purchasing an additional 75 shares in the last quarter. Salomon & Ludwin LLC bought a new position in shares of Impinj in the 3rd quarter worth $31,000. Finally, Bessemer Group Inc. raised its position in shares of Impinj by 101.2% during the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after buying an additional 84 shares in the last quarter.

More Impinj News

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Q4 results largely in line — EPS of $0.50 matched consensus and revenue of ~$92.9M slightly beat estimates, showing modest year-over-year revenue growth and operational stability. Read More.
• Positive Sentiment: Longer-term demand drivers remain: analysts and company commentary point to retail RFID mandates and continued enterprise adoption that support Impinj’s TAM and product roadmap (custom chips and reader/tag ecosystem). Read More.
• Neutral Sentiment: Q1 EPS guidance was positive ($0.08–$0.13) and above some expectations, but investors focused more on revenue guidance and inventory comments. Read More.
• Negative Sentiment: Sharp revenue guide miss — management guided Q1 revenue to $71M–$74M versus consensus near $89.7M, signaling a material near-term revenue shortfall and prompting heavy selling. Read More.
• Negative Sentiment: Inventory transition & short-term demand headwinds — management said a custom-chip rollout and channel inventory adjustments are weighing on near-term sales, a theme emphasized on the earnings call and in press coverage. Read More.
• Negative Sentiment: Market reaction: multiple outlets report a steep share selloff after the guidance; coverage noted declines in the stock price as investors reprice near-term growth expectations. Read More.

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).