Impinj (NASDAQ:PI) Price Target Raised to $200.00

Impinj (NASDAQ:PI) had its price target upped by Barclays from $176.00 to $200.00 in a research report report published on Monday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also issued research reports about the company. Weiss Ratings raised Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Zacks Research downgraded Impinj from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Jefferies Financial Group boosted their price target on Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price target on shares of Impinj in a report on Thursday, July 30th. Finally, BMO Capital Markets started coverage on Impinj in a research note on Thursday, August 20th. They issued an “outperform” rating and a $220.00 price target for the company. Seven equities 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $185.70.

Impinj Trading Up 4.8%

Shares of Impinj stock opened at $192.14 on Monday. The company has a market capitalization of $5.87 billion, a P/E ratio of -208.85 and a beta of 1.94. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.29 and a current ratio of 3.28. The company has a fifty day moving average of $176.07 and a 200 day moving average of $147.87. Impinj has a fifty-two week low of $87.36 and a fifty-two week high of $247.06.

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

Insider Buying and Selling at Impinj

In other Impinj news, CFO Cary Baker sold 8,892 shares of Impinj stock in a transaction 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 sale, the chief financial officer directly owned 80,388 shares in the company, valued at approximately $14,871,780. The trade was a 9.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Miron Washington sold 800 shares of Impinj stock in a transaction 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 sale, the director owned 4,354 shares in the company, valued at approximately $754,374.04. This represents a 15.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,121 shares of company stock valued at $2,047,993 over the last ninety days. 6.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PI. BlackRock Inc. purchased a new stake in Impinj during the second quarter valued at $637,286,000. The Manufacturers Life Insurance Company bought a new position in Impinj during the second quarter valued at $95,867,000. William Blair Investment Management LLC bought a new position in Impinj during the second quarter valued at $42,514,000. AWM Investment Company Inc. purchased a new position in shares of Impinj in the 2nd quarter worth $29,651,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Impinj in the 2nd quarter worth $23,191,000.

About Impinj

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.