Impinj (NASDAQ:PI) Rating Lowered to Hold at Zacks Research

Impinj (NASDAQ:PI) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Piper Sandler boosted their price target on shares of Impinj from $180.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. UBS Group started coverage on shares of Impinj in a report on Friday, November 7th. They issued a “neutral” rating and a $200.00 target price on the stock. Roth Capital reaffirmed a “buy” rating and issued a $235.00 price target on shares of Impinj in a report on Thursday, October 30th. Evercore ISI boosted their price objective on Impinj from $236.00 to $273.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Impinj in a research report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $226.33.

Impinj Stock Down 1.7%

PI opened at $168.60 on Monday. The company has a market capitalization of $5.08 billion, a PE ratio of -383.17 and a beta of 1.50. The firm has a 50-day simple moving average of $172.76 and a two-hundred day simple moving average of $163.03. The company has a quick ratio of 1.97, a current ratio of 2.67 and a debt-to-equity ratio of 0.94. Impinj has a 52 week low of $60.85 and a 52 week high of $247.06.

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

Insiders Place Their Bets

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of Impinj stock in a transaction on Monday, December 15th. The shares were sold at an average price of $150.36, for a total value of $20,242,816.44. Following the transaction, the insider directly owned 1,132,152 shares of the company’s stock, valued at approximately $170,230,374.72. The trade was a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 697,450 shares of company stock valued at $110,643,153 in the last three months. 51.00% of the stock is owned by company insiders.

Institutional Trading of Impinj

A number of hedge funds have recently modified their holdings of the stock. CoreCap Advisors LLC purchased a new position in 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 2nd quarter valued at approximately $28,000. Banque Transatlantique SA purchased a new position in shares of Impinj during the 1st quarter valued at approximately $29,000. Hantz Financial Services Inc. lifted its stake in shares of Impinj by 90.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after purchasing an additional 75 shares during the period. Finally, Salomon & Ludwin LLC purchased a new stake in Impinj during the third quarter worth $31,000.

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).