Impinj, Inc. (NASDAQ:PI) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts give Impinj a “Moderate Buy” consensus: Six of ten analysts rate the stock a buy, one rates it a strong buy, two recommend holding, and one recommends selling. The average 12-month price target is $179.22.
• Impinj beat quarterly expectations: The company reported earnings of $0.86 per share versus the $0.80 consensus estimate, while revenue reached $108.37 million, up 10.7% year over year and above expectations.
• The stock opened at $183.36, while insiders have been selling: Insiders sold 239,228 shares worth approximately $32.6 million over the past 90 days, though they still own 6.8% of the company.

Impinj, Inc. (NASDAQ:PI - Get Free Report) has earned an average rating of "Moderate Buy" from the ten ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $179.2222.

A number of equities research analysts have recently weighed in on PI shares. UBS Group lifted their price target on shares of Impinj from $155.00 to $175.00 and gave the company a "neutral" rating in a research report on Thursday, April 30th. Wall Street Zen upgraded Impinj from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Jefferies Financial Group upped their target price on Impinj from $175.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Zacks Research raised Impinj from a "hold" rating to a "strong-buy" rating in a report on Friday, July 31st. Finally, Evercore set a $144.00 price target on Impinj in a research report on Thursday, April 30th.

Impinj Stock Performance

Shares of PI stock opened at $183.36 on Monday. Impinj has a 12-month low of $87.36 and a 12-month high of $247.06. The company has a market capitalization of $5.60 billion, a PE ratio of -199.30 and a beta of 1.94. The firm has a 50 day moving average price of $139.40 and a two-hundred day moving average price of $129.63. 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 released its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. The business had revenue of $108.37 million for the quarter, compared to the consensus estimate of $104.60 million. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. Impinj's revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 earnings per share. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, analysts predict that Impinj will post 0.37 earnings per share for the current year.

Insider Transactions at Impinj

In other Impinj news, Director Sylebra Capital Llc sold 12,105 shares of the firm's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $127.36, for a total value of $1,541,692.80. Following the transaction, the director directly owned 782,943 shares of the company's stock, valued at $99,715,620.48. This trade represents a 1.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 239,228 shares of company stock worth $32,610,791 in the last 90 days. Corporate insiders own 6.80% of the company's stock.

Institutional Trading of Impinj

Large investors have recently made changes to their positions in the company. Western Wealth Management LLC bought a new position in shares of Impinj in the 1st quarter valued at $28,000. Global Retirement Partners LLC acquired a new position in shares of Impinj during the 2nd quarter worth $31,000. Danske Bank A S bought a new stake in shares of Impinj during the 4th quarter worth $35,000. Advisors Asset Management Inc. boosted its stake in Impinj by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company's stock valued at $45,000 after buying an additional 140 shares in the last quarter. Finally, Kelleher Financial Advisors acquired a new stake in Impinj in the second quarter valued at about $52,000.

Impinj Company Profile

Impinj, Inc, headquartered in Seattle, Washington, develops Radio Frequency Identification (RFID) solutions designed to connect everyday items to the internet. Founded in 2000, the company pioneered RAIN RFID technology with a focus on transforming supply chain and inventory processes across retail, healthcare, airport baggage handling and manufacturing. Impinj's platform comprises RAIN RFID tag chips, fixed and handheld RFID readers, gateways, antennas and connectivity modules that enable real-time visibility of tagged items.

Impinj's product portfolio is built around its core RAIN RFID ecosystem, offering tag chips for high-volume production (Monza series), reader chips for integration into third-party devices and complete reader and gateway systems (Speedway series and xArray).

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