Impinj (NASDAQ:PI) Price Target Raised to $225.00

Impinj (NASDAQ:PI) had its price target upped by Susquehanna from $175.00 to $225.00 in a research note published on Thursday, MarketBeat.com reports. They currently have a positive rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Zacks Research cut shares of Impinj from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Impinj in a research report on Wednesday. Barclays increased their price target on Impinj from $176.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. Finally, BMO Capital Markets began coverage on Impinj in a report on Thursday, August 20th. They set an “outperform” rating and a $220.00 price target for the company. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Impinj has an average rating of “Moderate Buy” and a consensus price target of $194.40.

Impinj Stock Performance

NASDAQ:PI opened at $179.66 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.29 and a current ratio of 9.42. Impinj has a fifty-two week low of $87.36 and a fifty-two week high of $215.25. The company has a 50 day simple moving average of $176.87 and a two-hundred day simple moving average of $144.35. The company has a market capitalization of $5.54 billion, a PE ratio of -544.41 and a beta of 1.94.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08. Impinj had a negative net margin of 2.45% and a positive return on equity of 6.65%. The firm had revenue of $112.08 million for the quarter, compared to the consensus estimate of $107.16 million. During the same quarter in the previous year, the company earned $0.58 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. Research analysts anticipate that Impinj will post 0.37 earnings per share for the current year.

Insider Activity

In related news, CFO Cary Baker sold 8,892 shares of the stock in a transaction on Monday, September 21st. The shares were sold at an average price of $185.00, for a total transaction of $1,645,020.00. Following the transaction, the chief financial officer directly owned 80,388 shares of the company’s stock, valued at $14,871,780. This represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 on Tuesday, September 15th. The stock was 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 of the company’s stock, valued at $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 12,850 shares of company stock worth $2,396,559 in the last quarter. 6.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Impinj

Several institutional investors have recently made changes to their positions in the stock. TOP Private Wealth LLC. acquired a new position in Impinj during the second quarter worth $25,000. Western Wealth Management LLC bought a new position in shares of Impinj in the first quarter valued at $28,000. Signaturefd LLC grew its holdings in shares of Impinj by 72.3% during the third quarter. Signaturefd LLC now owns 162 shares of the company’s stock valued at $29,000 after buying an additional 68 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Impinj during the second quarter valued at about $31,000. Finally, CoreCap Advisors LLC acquired a new position in shares of Impinj during the third quarter valued at about $37,000.

Key Headlines Impacting Impinj

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Q3 earnings and revenue beat expectations. Impinj reported earnings of $0.69 per share, above the $0.61 consensus estimate and up from $0.58 a year earlier. Revenue reached approximately $112.1 million, exceeding the $107.2 million forecast and increasing 16.7% year over year. Impinj Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Fourth-quarter guidance was well above Wall Street expectations. Impinj forecast adjusted EPS of $0.55-$0.60, compared with the consensus estimate of a $0.04 loss, and revenue of $104 million-$107 million versus expectations of $99.3 million. Management cited strong M800 endpoint IC demand and a ramp in back-end production capacity. Impinj Q4 Outlook
• Positive Sentiment: Analysts raised their targets. Susquehanna lifted its target to $225 and assigned a positive rating, while Needham raised its target to $195 and maintained a buy rating. These actions reflect improved confidence in Impinj’s growth and margin expansion prospects.
• Neutral Sentiment: Analyst opinion remains mixed. UBS raised its target modestly to $180 but retained a neutral rating. Another analyst upgraded Impinj from bearish to hold, acknowledging improving revenue growth while warning that valuation remains demanding.
• Negative Sentiment: Valuation is a key risk. Impinj trades near the upper end of its annual range, with a very high price-to-earnings multiple and limited room for execution disappointments. The wide gap between analyst targets also signals uncertainty over how much of the expected growth is already reflected in PI shares.

About Impinj

Impinj, Inc (NASDAQ: PI) develops technology for the Internet of Things (IoT) based on RAIN RFID, a wireless technology used to identify, locate and authenticate individual items. Its platform is designed to connect physical products, packages and assets to digital systems, helping organizations collect real-time information throughout supply chains and business operations.

The company offers a portfolio of RAIN RFID endpoint integrated circuits, reader chips, RFID readers and gateways, antennas, and cloud and software solutions.