Cantor Fitzgerald Raises Impinj (NASDAQ:PI) Price Target to $217.00

Key Points

• Cantor Fitzgerald has raised its price target for Impinj (NASDAQ:PI) from $158.00 to $217.00, indicating a potential upside of 13.57% from its current price.
• The stock has received various ratings, with six analysts giving it a "Buy" rating, contributing to a consensus rating of "Moderate Buy" and a consensus price target of $176.00.
• Impinj recently reported a quarterly earnings per share (EPS) of $0.80, exceeding estimates, despite a 4.5% year-over-year decline in revenue.

Impinj (NASDAQ:PI - Get Free Report) had its target price increased by equities researchers at Cantor Fitzgerald from $158.00 to $217.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Cantor Fitzgerald's target price would suggest a potential upside of 13.57% from the stock's current price.

Other analysts have also recently issued research reports about the company. Weiss Ratings reiterated a "sell (d)" rating on shares of Impinj in a research report on Saturday, September 27th. Susquehanna increased their price objective on shares of Impinj from $130.00 to $140.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $195.00 target price on shares of Impinj in a report on Monday, September 15th. Finally, Piper Sandler boosted their target price on shares of Impinj from $140.00 to $180.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Impinj has a consensus rating of "Moderate Buy" and a consensus price target of $176.00.

Impinj Stock Up 4.6%

Impinj stock opened at $191.07 on Monday. The company has a current ratio of 11.64, a quick ratio of 8.44 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 18,796.70 and a beta of 1.83. Impinj has a twelve month low of $60.85 and a twelve month high of $239.88. The stock has a 50 day moving average of $174.66 and a two-hundred day moving average of $127.05.

Impinj (NASDAQ:PI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.72 by $0.08. The firm had revenue of $97.89 million during the quarter, compared to analysts' expectations of $93.78 million. Impinj had a net margin of 0.18% and a return on equity of 8.14%. The business's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 earnings per share. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. As a group, research analysts expect that Impinj will post -0.47 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Chris Ph.D. Diorio sold 4,096 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $187.63, for a total value of $768,532.48. Following the completion of the transaction, the chief executive officer owned 297,013 shares of the company's stock, valued at approximately $55,728,549.19. This trade represents a 1.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sylebra Capital Llc sold 300,000 shares of Impinj stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $196.24, for a total value of $58,872,000.00. Following the transaction, the insider directly owned 1,829,260 shares in the company, valued at approximately $358,973,982.40. This trade represents a 14.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 324,096 shares of company stock worth $63,353,832 over the last quarter. Insiders own 51.00% of the company's stock.

Institutional Investors Weigh In On Impinj

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of Impinj during the second quarter worth approximately $28,000. Banque Transatlantique SA bought a new stake in shares of Impinj in the first quarter valued at about $29,000. Harbour Investments Inc. acquired a new position in Impinj in the 2nd quarter valued at approximately $33,000. Quaker Wealth Management LLC increased its position in shares of Impinj by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 300 shares of the company's stock valued at $33,000 after purchasing an additional 600 shares during the period. Finally, SBI Securities Co. Ltd. increased its position in shares of Impinj by 75.3% during the first quarter. SBI Securities Co. Ltd. now owns 398 shares of the company's stock valued at $36,000 after purchasing an additional 171 shares during the period.

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.

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