Impinj, Inc. (NASDAQ:PI) Stock Has Consensus Target Price of $185.70 According to Analysts

Key Points

• Impinj has a “Moderate Buy” consensus rating from 11 analysts, with seven buys, three holds and one sell. The average 12-month price target is $185.70, versus the reported share price of $167.07.
• Recent analyst views were mixed but generally positive: Barclays raised its target to $200, while BMO initiated coverage with a $220 target and an outperform rating; Needham lowered its target to $168 but maintained a buy rating.
• Insiders sold $2.05 million of stock over the past 90 days, including sales by a director and the CFO under a pre-arranged Rule 10b5-1 plan. Separately, Impinj’s latest quarterly results beat estimates, with $0.86 EPS and $108.37 million in revenue, up 10.7% year over year.

Impinj, Inc. (NASDAQ:PI - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eleven research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $185.70.

PI has been the subject of several research reports. Barclays boosted their price objective on shares of Impinj from $176.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, October 12th. Zacks Research lowered shares of Impinj from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 31st. BMO Capital Markets assumed coverage on shares of Impinj in a research report on Thursday, August 20th. They set an "outperform" rating and a $220.00 target price on the stock. Weiss Ratings raised shares of Impinj from a "sell (e+)" rating to a "sell (d)" rating in a research note on Thursday, July 30th. Finally, Needham & Company LLC lowered their price target on Impinj from $175.00 to $168.00 and set a "buy" rating for the company in a report on Thursday, July 30th.

Insider Buying and Selling at Impinj

In other news, Director Miron Washington sold 800 shares of the 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 transaction, the director owned 4,354 shares of the company's stock, valued at approximately $754,374.04. This represents a 15.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Cary Baker sold 8,892 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $185.00, for a total value of $1,645,020.00. Following the transaction, the chief financial officer directly owned 80,388 shares in the company, valued at $14,871,780. The trade was 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. Insiders have sold a total of 11,121 shares of company stock worth $2,047,993 over the last 90 days. 6.80% of the stock is currently owned by company insiders.

Institutional Trading of Impinj

Several institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC grew its holdings in Impinj by 72.3% during the 3rd quarter. Signaturefd LLC now owns 162 shares of the company's stock worth $29,000 after acquiring an additional 68 shares in the last quarter. TOP Private Wealth LLC. purchased a new position in Impinj during the 2nd quarter valued at about $25,000. CoreCap Advisors LLC bought a new stake in shares of Impinj in the 3rd quarter valued at about $37,000. Global Retirement Partners LLC bought a new stake in shares of Impinj in the 2nd quarter valued at about $31,000. Finally, Western Wealth Management LLC bought a new stake in shares of Impinj in the 1st quarter valued at about $28,000.

Impinj Stock Performance

Shares of Impinj stock opened at $167.07 on Friday. The stock's fifty day moving average is $175.90 and its two-hundred day moving average is $151.23. The company has a market capitalization of $5.10 billion, a PE ratio of -181.60 and a beta of 1.94. 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 has a 52 week low of $87.36 and a 52 week high of $247.06.

Impinj (NASDAQ:PI - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share 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 positive return on equity of 5.23% and a negative net margin of 7.26%. The business's revenue was up 10.7% compared to the same quarter last year. During the same quarter last 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, analysts expect that Impinj will post 0.37 earnings per share for the current year.

Impinj Company Profile

Impinj, Inc NASDAQ: PI develops technology for the Internet of Things (IoT) based on RAIN RFID, a wireless technology used to identify, locate and authenticate individual items. Its platform is designed to connect physical products, packages and assets to digital systems, helping organizations collect real-time information throughout supply chains and business operations.

The company offers a portfolio of RAIN RFID endpoint integrated circuits, reader chips, RFID readers and gateways, antennas, and cloud and software solutions.

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