Impinj (NASDAQ:PI) Stock Price Up 8.1% – What’s Next?

Impinj, Inc. (NASDAQ:PI)’s stock price shot up 8.1% during trading on Wednesday . The company traded as high as $167.39 and last traded at $166.94. 194,602 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 690,528 shares. The stock had previously closed at $154.40.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Roth Mkm reiterated a “buy” rating and issued a $235.00 target price on shares of Impinj in a research report on Thursday, October 30th. Cantor Fitzgerald lifted their price target on Impinj from $217.00 to $246.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Wall Street Zen cut Impinj from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Evercore ISI raised their price objective on Impinj from $236.00 to $273.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Finally, Piper Sandler boosted their target price on Impinj from $180.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $226.33.

Impinj Stock Performance

The business’s fifty day moving average is $168.76 and its two-hundred day moving average is $171.10. 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 stock has a market capitalization of $4.81 billion, a PE ratio of -363.11 and a beta of 1.52.

Impinj (NASDAQ:PI) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Impinj had a negative net margin of 3.45% and a positive return on equity of 8.15%. The company had revenue of $96.06 million for the quarter, compared to the consensus estimate of $92.71 million. During the same quarter in the prior year, the firm earned $0.56 earnings per share. Impinj’s revenue was up .9% on a year-over-year basis. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. As a group, research analysts anticipate that Impinj, Inc. will post -0.47 EPS for the current fiscal year.

Insider Activity

In other news, insider Sylebra Capital Llc sold 134,629 shares of Impinj 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 completion of the transaction, the insider owned 1,132,152 shares in the company, valued at approximately $170,230,374.72. The trade was a 10.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 697,450 shares of company stock valued at $110,643,153. 12.40% of the stock is owned by company insiders.

Institutional Trading of Impinj

A number of hedge funds and other institutional investors have recently bought and sold shares of PI. CoreCap Advisors LLC bought a new stake in shares of Impinj during the third quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Impinj during the second quarter valued at $28,000. Hantz Financial Services Inc. raised its holdings in shares of 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 acquiring an additional 75 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in Impinj in the third quarter worth about $31,000. Finally, Bessemer Group Inc. lifted its stake in Impinj by 101.2% in the third quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock worth $31,000 after acquiring an additional 84 shares during the period.

Impinj Company Profile

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).