Impinj, Inc. (NASDAQ:PI) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts hold a “Moderate Buy” consensus on Impinj, with seven buys, three holds and one sell among 11 firms. The average 12-month price target is $183.30, with recent targets ranging from $190 to $220.
• Impinj exceeded quarterly expectations, reporting $0.86 in EPS versus an $0.80 estimate and $108.37 million in revenue versus $104.60 million expected. Revenue increased 10.7% year over year, although the company posted a negative net margin of 7.26%.
• Insiders sold 59,062 shares worth approximately $7.68 million over the past 90 days, while institutional investors including Goldman Sachs and Marshall Wace increased or initiated positions. The stock opened at $175.11, well above its 50-day and 200-day moving averages.

Impinj, Inc. (NASDAQ:PI - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $183.30.

Several equities research analysts have issued reports on the stock. Zacks Research cut shares of Impinj from a "strong-buy" rating to a "hold" rating in a research note on Monday. Jefferies Financial Group increased their target price on Impinj from $175.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price target on shares of Impinj in a report on Thursday, July 30th. BMO Capital Markets initiated coverage on shares of Impinj in a research report on Thursday, August 20th. They set an "outperform" rating and a $220.00 price target for the company. Finally, Weiss Ratings raised shares of Impinj from a "sell (e+)" rating to a "sell (d)" rating in a research note on Thursday, July 30th.

Insider Buying and Selling at Impinj

In other Impinj news, Director Sylebra Capital Llc sold 45,528 shares of the business's stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $128.94, for a total transaction of $5,870,380.32. Following the transaction, the director owned 795,048 shares in the company, valued at $102,513,489.12. The trade was a 5.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Cary Baker sold 1,429 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $185.00, for a total value of $264,365.00. Following the completion of the sale, 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 59,062 shares of company stock worth $7,676,438 in the last 90 days. Company insiders own 6.80% of the company's stock.

Institutional Trading of Impinj

Several large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its position in shares of Impinj by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company's stock worth $45,000 after purchasing an additional 140 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Impinj by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company's stock worth $25,324,000 after buying an additional 26,388 shares in the last quarter. Focus Partners Wealth acquired a new position in Impinj in the 1st quarter worth $223,000. Intech Investment Management LLC boosted its position in Impinj by 29.6% in the 1st quarter. Intech Investment Management LLC now owns 16,708 shares of the company's stock valued at $1,515,000 after buying an additional 3,812 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Impinj during the second quarter valued at about $3,833,000.

Impinj Stock Up 0.0%

Impinj stock opened at $175.11 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 stock's 50 day moving average price is $154.24 and its 200 day moving average price is $133.34. Impinj has a 1-year low of $87.36 and a 1-year high of $247.06. The company has a market cap of $5.35 billion, a PE ratio of -190.34 and a beta of 1.92.

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

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).

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