Impinj, Inc. (NASDAQ:PI) Receives $163.29 Average Target Price from Analysts

Key Points

• Impinj, Inc. has received a consensus rating of "Moderate Buy" from analysts, with one hold rating and six buy recommendations among the seven brokerages covering the stock.
• Several research firms have increased their price targets for Impinj, with Needham & Company raising it from $115.00 to $165.00 and Piper Sandler from $140.00 to $180.00.
• Impinj reported earnings of $0.80 per share for the last quarter, surpassing the consensus estimate of $0.72, although its revenue was down 4.5% year-over-year.

Impinj, Inc. (NASDAQ:PI - Get Free Report) has earned an average rating of "Moderate Buy" from the seven research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $163.2857.

A number of research firms have issued reports on PI. Susquehanna raised their price target on shares of Impinj from $130.00 to $140.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. Piper Sandler raised their price objective on shares of Impinj from $140.00 to $180.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Cantor Fitzgerald raised their price objective on shares of Impinj from $133.00 to $158.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Needham & Company LLC raised their price objective on shares of Impinj from $115.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st.

Impinj Stock Performance

PI traded down $3.09 during trading on Monday, reaching $187.47. 256,079 shares of the company's stock were exchanged, compared to its average volume of 471,841. Impinj has a 1 year low of $60.85 and a 1 year high of $239.88. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44. The stock has a market capitalization of $5.45 billion, a P/E ratio of 18,765.77 and a beta of 1.74. The company's fifty day simple moving average is $138.30 and its 200-day simple moving average is $110.91.

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. Impinj had a net margin of 0.18% and a return on equity of 8.14%. The company had revenue of $97.89 million during the quarter, compared to analyst estimates of $93.78 million. During the same period last year, the firm posted $0.83 EPS. Impinj's revenue for the quarter was down 4.5% compared to the same quarter last year. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. As a group, research analysts predict that Impinj will post -0.47 earnings per share for the current fiscal year.

Insider Activity at Impinj

In other news, CEO Chris Ph.D. Diorio sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $187.79, for a total transaction of $938,950.00. Following the sale, the chief executive officer owned 361,109 shares of the company's stock, valued at $67,812,659.11. This trade represents a 1.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Impinj

A number of institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank raised its holdings in shares of Impinj by 1.1% during the 2nd quarter. Amalgamated Bank now owns 6,670 shares of the company's stock worth $741,000 after acquiring an additional 74 shares during the period. Advisors Asset Management Inc. raised its holdings in Impinj by 17.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 579 shares of the company's stock valued at $64,000 after buying an additional 88 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Impinj by 6.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 1,641 shares of the company's stock valued at $238,000 after buying an additional 106 shares during the period. Versant Capital Management Inc raised its holdings in Impinj by 7.2% in the 1st quarter. Versant Capital Management Inc now owns 2,237 shares of the company's stock valued at $203,000 after buying an additional 150 shares during the period. Finally, Maryland State Retirement & Pension System raised its holdings in Impinj by 2.5% in the 2nd quarter. Maryland State Retirement & Pension System now owns 6,899 shares of the company's stock valued at $766,000 after buying an additional 167 shares during the period.

Impinj Company Profile

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.