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

Key Points

• Impinj, Inc. has received a consensus rating of “Moderate Buy” from ten brokerages, with an average twelve-month price target of $179.00.
• The company's stock (NASDAQ:PI) opened at $196.56 and has a market capitalization of $5.72 billion.
• Recent quarterly earnings reported a profit of $0.80 EPS, surpassing estimates, despite a 4.5% decline in year-over-year revenue.

Shares of Impinj, Inc. (NASDAQ:PI - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $179.00.

Several equities analysts have recently issued reports on PI shares. Barclays started coverage on shares of Impinj in a research note on Tuesday, October 7th. They set an "overweight" rating and a $200.00 price target for the company. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Impinj in a research note on Wednesday, October 8th. Susquehanna raised their price target on shares of Impinj from $130.00 to $140.00 and gave the company a "positive" rating in a research note on Tuesday, July 22nd. Piper Sandler raised their price target on shares of Impinj from $140.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald raised their price target on shares of Impinj from $158.00 to $217.00 and gave the company an "overweight" rating in a research note on Monday, October 6th.

Impinj Price Performance

PI stock opened at $196.56 on Tuesday. The company has a fifty day moving average price of $181.64 and a 200-day moving average price of $131.54. The company has a market capitalization of $5.72 billion, a P/E ratio of 19,675.68 and a beta of 1.83. Impinj has a 52-week low of $60.85 and a 52-week high of $239.88. The company has a debt-to-equity ratio of 1.51, a quick ratio of 8.44 and a current ratio of 11.64.

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

Insiders Place Their Bets

In related news, insider Sylebra Capital Llc sold 300,000 shares of Impinj stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $196.24, for a total transaction of $58,872,000.00. Following the completion of the transaction, the insider 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Chris Ph.D. Diorio sold 5,000 shares of Impinj stock in a transaction on Monday, September 8th. The stock was sold at an average price of $192.30, for a total transaction of $961,500.00. Following the transaction, the chief executive officer directly owned 341,109 shares of the company's stock, valued at $65,595,260.70. This represents a 1.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 324,096 shares of company stock valued at $63,353,832 in the last three months. 51.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Impinj

A number of hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in Impinj in the second quarter worth $28,000. Banque Transatlantique SA acquired a new stake in Impinj in the first quarter worth $29,000. Harbour Investments Inc. acquired a new stake in Impinj in the second quarter worth $33,000. Quaker Wealth Management LLC grew its holdings in Impinj by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 300 shares of the company's stock worth $33,000 after purchasing an additional 600 shares during the period. Finally, SBI Securities Co. Ltd. grew its holdings in Impinj by 75.3% in the first quarter. SBI Securities Co. Ltd. now owns 398 shares of the company's stock worth $36,000 after purchasing an additional 171 shares during the period.

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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