Impinj (NASDAQ:PI) Price Target Raised to $273.00

Impinj (NASDAQ:PI) had its price target upped by Evercore ISI from $236.00 to $273.00 in a report released on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts also recently weighed in on PI. Barclays began coverage on Impinj in a research report on Tuesday, October 7th. They set an “overweight” rating and a $200.00 price target on the stock. Roth Capital reissued a “buy” rating and set a $235.00 price target on shares of Impinj in a research report on Thursday. Needham & Company LLC boosted their price target on Impinj from $195.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday. Cantor Fitzgerald boosted their price target on Impinj from $217.00 to $246.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Piper Sandler boosted their price target on Impinj from $180.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Impinj presently has an average rating of “Moderate Buy” and an average target price of $228.25.

Impinj Trading Down 1.9%

Impinj stock opened at $202.16 on Thursday. The firm has a 50-day moving average of $195.94 and a 200-day moving average of $145.35. Impinj has a one year low of $60.85 and a one year high of $247.06. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44. The company has a market cap of $5.88 billion, a price-to-earnings ratio of -459.44 and a beta of 1.83.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.08. The business had revenue of $96.06 million during the quarter, compared to the consensus estimate of $92.71 million. Impinj had a negative net margin of 3.45% and a positive return on equity of 8.50%. Impinj’s revenue was up .9% on a year-over-year basis. During the same period last year, the business posted $0.56 EPS. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. On average, equities analysts expect that Impinj will post -0.47 earnings per share for the current fiscal year.

Insider Activity at Impinj

In other Impinj news, insider Sylebra Capital Llc sold 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $196.24, for a total transaction of $58,872,000.00. Following the completion of the sale, the insider directly owned 1,829,260 shares in the company, valued at $358,973,982.40. This trade represents a 14.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Chris Ph.D. Diorio sold 4,096 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $187.63, for a total transaction of $768,532.48. Following the sale, the chief executive officer owned 297,013 shares of the company’s stock, valued at $55,728,549.19. This trade represents a 1.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 324,096 shares of company stock valued at $63,353,832 over the last 90 days. Company insiders own 12.40% of the company’s stock.

Institutional Investors Weigh In On Impinj

Institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Impinj by 7.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,169 shares of the company’s stock valued at $741,000 after buying an additional 535 shares during the period. KBC Group NV boosted its stake in shares of Impinj by 35.0% in the first quarter. KBC Group NV now owns 1,227 shares of the company’s stock valued at $111,000 after buying an additional 318 shares during the period. GAMMA Investing LLC boosted its stake in shares of Impinj by 68.7% in the first quarter. GAMMA Investing LLC now owns 722 shares of the company’s stock valued at $65,000 after buying an additional 294 shares during the period. Truist Financial Corp boosted its stake in shares of Impinj by 71.1% in the second quarter. Truist Financial Corp now owns 9,065 shares of the company’s stock valued at $1,007,000 after buying an additional 3,768 shares during the period. Finally, CWM LLC raised its position in Impinj by 3.3% during the first quarter. CWM LLC now owns 5,818 shares of the company’s stock valued at $528,000 after purchasing an additional 185 shares in the last quarter.

About Impinj

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.