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

Key Points

• Impinj, Inc. has received an average rating of "Moderate Buy" from seven brokerages, with one hold rating and six buy ratings, setting a target price of approximately $167.57.
• In its latest quarterly earnings report, Impinj reported $0.80 EPS, exceeding expectations of $0.72, and revenue of $97.89 million, compared to anticipated revenue of $93.78 million.
• Insider trading activity included Sylebra Capital selling 300,000 shares at an average price of $196.24, indicating a 14.09% decrease in their ownership position.

Shares of Impinj, Inc. (NASDAQ:PI - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $167.5714.

A number of equities analysts recently issued reports on the company. Piper Sandler increased their target price on Impinj from $140.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Cantor Fitzgerald increased their target price on Impinj from $133.00 to $158.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Susquehanna increased their target price on Impinj from $130.00 to $140.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $195.00 price target on shares of Impinj in a research report on Monday.

Impinj Stock Up 2.2%

Shares of Impinj stock opened at $195.77 on Friday. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 19,596.60 and a beta of 1.81. Impinj has a one year low of $60.85 and a one year high of $239.88. The stock's 50-day moving average is $159.98 and its 200 day moving average is $119.78. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44.

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

Insider Buying and Selling at Impinj

In other news, insider Sylebra Capital Llc sold 300,000 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $196.24, for a total transaction of $58,872,000.00. Following the completion of the sale, the insider directly owned 1,829,260 shares of the company's stock, valued at $358,973,982.40. This trade represents a 14.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Chris Ph.D. Diorio sold 5,000 shares of the firm's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $192.30, for a total value of $961,500.00. Following the sale, the chief executive officer directly owned 341,109 shares of the company's stock, valued at approximately $65,595,260.70. This represents a 1.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 324,096 shares of company stock worth $63,353,832. Company insiders own 12.40% of the company's stock.

Institutional Investors Weigh In On Impinj

Several large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new stake in Impinj in the 2nd quarter worth about $28,000. Banque Transatlantique SA purchased a new position in Impinj during the 1st quarter valued at about $29,000. Harbour Investments Inc. purchased a new position in Impinj during the 2nd quarter valued at about $33,000. Quaker Wealth Management LLC grew its holdings in Impinj by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 300 shares of the company's stock valued at $33,000 after buying an additional 600 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in Impinj by 75.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 398 shares of the company's stock valued at $36,000 after buying an additional 171 shares in the last quarter.

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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