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

Shares of Impinj, Inc. (NASDAQ:PI - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $163.2857.

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

Institutional Trading of Impinj

A number of hedge funds have recently bought and sold shares of the company. Public Sector Pension Investment Board increased its position in Impinj by 9.2% during the second quarter. Public Sector Pension Investment Board now owns 80,011 shares of the company's stock valued at $8,887,000 after acquiring an additional 6,711 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in Impinj by 0.9% during the second quarter. CANADA LIFE ASSURANCE Co now owns 24,619 shares of the company's stock valued at $2,733,000 after acquiring an additional 222 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Impinj by 425.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the company's stock valued at $237,000 after acquiring an additional 1,725 shares during the last quarter. Corient Private Wealth LLC increased its position in Impinj by 35.3% during the second quarter. Corient Private Wealth LLC now owns 3,698 shares of the company's stock valued at $411,000 after acquiring an additional 965 shares during the last quarter. Finally, State of Tennessee Department of Treasury grew its holdings in Impinj by 38.5% during the second quarter. State of Tennessee Department of Treasury now owns 13,959 shares of the company's stock valued at $1,550,000 after purchasing an additional 3,879 shares during the period.

Impinj Stock Up 5.1%

PI stock opened at $176.82 on Monday. Impinj has a 1-year low of $60.85 and a 1-year high of $239.88. The business has a fifty day moving average price of $130.35 and a 200-day moving average price of $108.25. 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 $5.14 billion, a P/E ratio of 17,699.70 and a beta of 1.74.

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

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.

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