Impinj (NASDAQ:PI) Price Target Raised to $200.00

Key Points

• Barclays raised Impinj’s price target from $176 to $200 while maintaining an “overweight” rating, implying approximately 4.57% upside from the reported share price.
• Analyst sentiment is broadly positive: Impinj has a consensus “Moderate Buy” rating and an average price target of $185.70, with seven Buy, three Hold, and one Sell rating.
• Impinj reported quarterly EPS and revenue above analyst expectations, while institutional investors—including BlackRock—established or increased positions. However, insiders sold $2.05 million of stock over the past three months.

Impinj (NASDAQ:PI - Get Free Report) had its price target increased by equities research analysts at Barclays from $176.00 to $200.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price target would suggest a potential upside of 4.57% from the stock's current price.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group boosted their price objective on shares of Impinj from $175.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. BMO Capital Markets started coverage on shares of Impinj in a research note on Thursday, August 20th. They issued an "outperform" rating and a $220.00 target price for the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 target price on shares of Impinj 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, Wall Street Zen upgraded Impinj from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $185.70.

Impinj Stock Performance

Shares of NASDAQ PI traded up $1.63 during trading hours on Monday, hitting $191.26. 134,044 shares of the company's stock were exchanged, compared to its average volume of 529,344. Impinj has a 1-year low of $87.36 and a 1-year high of $247.06. 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 stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of -207.94 and a beta of 1.94. The company's 50-day moving average price is $174.60 and its 200-day moving average price is $146.05.

Impinj (NASDAQ:PI - Get Free Report) last released 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. The firm had revenue of $108.37 million for the quarter, compared to analyst estimates of $104.60 million. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%. The company's revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 EPS. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, sell-side analysts expect that Impinj will post 0.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Impinj news, Director Miron Washington sold 800 shares of Impinj 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 transaction, the director directly owned 4,354 shares of the company's stock, valued at approximately $754,374.04. This trade represents a 15.52% 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 this link. Also, CFO Cary Baker sold 8,892 shares of the business's 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 completion of the sale, the chief financial officer owned 80,388 shares in the company, valued at $14,871,780. This represents a 9.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 11,121 shares of company stock valued at $2,047,993. 6.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Impinj

Large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Impinj during the second quarter worth $637,286,000. The Manufacturers Life Insurance Company acquired a new position in shares of Impinj in the 2nd quarter valued at $95,867,000. William Blair Investment Management LLC bought a new stake in shares of Impinj in the 2nd quarter valued at $42,514,000. AWM Investment Company Inc. bought a new stake in shares of Impinj in the 2nd quarter valued at $29,651,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Impinj by 7.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 181,978 shares of the company's stock valued at $18,551,000 after buying an additional 11,896 shares in the last quarter.

Impinj Company Profile

Impinj, Inc is a technology company that develops products and software for the Internet of Things (IoT) and connected-item applications. The company specializes in RAIN RFID, a wireless technology that uses radio waves to identify, locate and manage individual items. Its platform is designed to help businesses improve inventory visibility, supply-chain operations and asset management.

Impinj's offerings include RFID endpoint integrated circuits, reader chips, RFID readers, gateways, antennas and software.

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