Impinj, Inc. (NASDAQ:PI) Stock Has Consensus Target Price of $183.30

Key Points

• Analysts maintain a “Moderate Buy” consensus on Impinj, with seven buy ratings, three holds and one sell. The average 12-month price target is $183.30.
• Impinj exceeded quarterly expectations, reporting $0.86 in EPS versus the $0.80 consensus and $108.37 million in revenue, up 10.7% year over year.
• The stock opened at $176.88, while insiders sold 11,121 shares worth approximately $2.05 million during the last quarter; institutional investors including Tidal Investments and Squarepoint Ops increased their holdings.

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

A number of research firms have recently commented on PI. Weiss Ratings upgraded shares of Impinj from a "sell (e+)" rating to a "sell (d)" rating in a research note on Thursday, July 30th. Needham & Company LLC lowered their target price on Impinj from $175.00 to $168.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Zacks Research lowered Impinj from a "strong-buy" rating to a "hold" rating in a report on Monday, August 31st. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price target on shares of Impinj 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.

Impinj Price Performance

Shares of PI opened at $176.88 on Tuesday. The stock has a market capitalization of $5.40 billion, a P/E ratio of -192.26 and a beta of 1.92. Impinj has a twelve month low of $87.36 and a twelve month high of $247.06. The company has a 50 day moving average of $165.95 and a 200-day moving average of $140.53. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80.

Impinj (NASDAQ:PI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.06. The business had revenue of $108.37 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, equities research analysts forecast that Impinj will post 0.37 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Miron Washington sold 800 shares of the firm's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $173.26, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Cary Baker sold 8,892 shares of the business's stock in a transaction on Monday, September 21st. The stock was sold at an average price of $185.00, for a total transaction of $1,645,020.00. Following the transaction, the chief financial officer owned 80,388 shares in the company, valued at approximately $14,871,780. The trade was a 9.96% decrease in their ownership of the stock. 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. In the last quarter, insiders have sold 11,121 shares of company stock worth $2,047,993. Company insiders own 6.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Tidal Investments LLC raised its holdings in shares of Impinj by 15.8% in the 2nd quarter. Tidal Investments LLC now owns 110,251 shares of the company's stock valued at $15,791,000 after purchasing an additional 15,046 shares during the period. Squarepoint Ops LLC grew its holdings in Impinj by 120.3% during the second quarter. Squarepoint Ops LLC now owns 116,850 shares of the company's stock worth $16,736,000 after purchasing an additional 63,798 shares during the period. Arizona State Retirement System grew its holdings in Impinj by 1.6% during the second quarter. Arizona State Retirement System now owns 7,984 shares of the company's stock worth $1,144,000 after purchasing an additional 128 shares during the period. Nykredit A S acquired a new position in Impinj during the second quarter worth approximately $145,000. Finally, Corient Private Wealth LP increased its position in Impinj by 7.7% during the second quarter. Corient Private Wealth LP now owns 3,868 shares of the company's stock worth $554,000 after buying an additional 276 shares during the last quarter.

About Impinj

Impinj, Inc develops radio-frequency identification (RFID) technologies that connect everyday physical items to the digital world. The company's platform is based primarily on RAIN RFID, a passive, battery-free wireless technology used to identify, locate and monitor tagged objects.

Impinj offers RFID endpoint integrated circuits, readers, gateways, antennas and software designed to work together across the item-to-cloud connectivity chain. Its solutions are used in applications such as retail inventory management, supply-chain and logistics operations, asset tracking, healthcare, manufacturing and other industrial settings.

Founded in 2000 and headquartered in Seattle, Washington, Impinj serves customers and partners globally through its technology platform and ecosystem.

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