Impinj, Inc. (NASDAQ:PI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Impinj, Inc. (NASDAQ:PI) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $183.30.

PI has been the topic of a number of research reports. Wall Street Zen raised Impinj from a “hold” rating to a “buy” rating in a research report 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. Needham & Company LLC cut their price target on Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Weiss Ratings raised Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Finally, BMO Capital Markets began coverage on Impinj in a research note on Thursday, August 20th. They issued an “outperform” rating and a $220.00 price target on the stock.

Impinj Stock Performance

Shares of Impinj stock opened at $171.82 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.28 and a quick ratio of 2.29. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of -186.76 and a beta of 1.92. The stock’s 50-day moving average is $156.40 and its 200-day moving average is $134.37. Impinj has a one year low of $87.36 and a one year high of $247.06.

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

Insider Activity at Impinj

In related news, CFO Cary Baker sold 1,429 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $185.00, for a total transaction of $264,365.00. Following the completion of the transaction, the chief financial officer owned 88,226 shares of the company’s stock, valued at approximately $16,321,810. This trade represents a 1.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 6.80% of the company’s stock.

Institutional Trading of Impinj

Several hedge funds have recently added to or reduced their stakes in the company. Squarepoint Ops LLC increased its holdings in shares of Impinj by 120.3% during the 2nd quarter. Squarepoint Ops LLC now owns 116,850 shares of the company’s stock worth $16,736,000 after buying an additional 63,798 shares during the last quarter. Arizona State Retirement System grew its holdings in Impinj by 1.6% during the 2nd quarter. Arizona State Retirement System now owns 7,984 shares of the company’s stock valued at $1,144,000 after purchasing an additional 128 shares in the last quarter. Nykredit A S purchased a new stake in shares of Impinj during the second quarter worth about $145,000. Corient Private Wealth LP increased its holdings in Impinj by 7.7% during the 2nd quarter. Corient Private Wealth LP now owns 3,868 shares of the company’s stock worth $554,000 after purchasing an additional 276 shares during the last quarter. Finally, Amundi increased its stake in shares of Impinj by 121.9% in the second quarter. Amundi now owns 5,176 shares of the company’s stock worth $741,000 after buying an additional 2,843 shares during the last quarter.

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).