Impinj (NASDAQ:PI) Raised to "Strong-Buy" at Zacks Research

Key Points

• Impinj has been upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating, indicating increased confidence among analysts regarding the company's stock.
• Multiple other firms have raised their price targets for Impinj, with Susquehanna targeting $140, Cantor Fitzgerald at $217, and Needham & Company at $195, reflecting strong market sentiment.
• In the latest earnings report, Impinj reported an EPS of $0.80, surpassing expectations, though year-over-year revenue fell by 4.5% to $97.89 million.

Impinj (NASDAQ:PI - Get Free Report) was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Susquehanna raised their target price on shares of Impinj from $130.00 to $140.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. Cantor Fitzgerald raised their price objective on shares of Impinj from $158.00 to $217.00 and gave the stock an "overweight" rating in a research note on Monday. 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. Needham & Company LLC reaffirmed a "buy" rating and issued a $195.00 price objective on shares of Impinj in a research note on Monday, September 15th. Finally, Barclays assumed coverage on shares of Impinj in a research note on Tuesday. They issued an "overweight" rating and a $200.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Impinj presently has an average rating of "Moderate Buy" and an average price target of $179.00.

Impinj Price Performance

NASDAQ PI opened at $212.45 on Tuesday. Impinj has a 12 month low of $60.85 and a 12 month 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 firm has a market capitalization of $6.18 billion, a PE ratio of 21,266.27 and a beta of 1.83. The company's 50 day simple moving average is $179.27 and its 200 day simple moving average is $128.82.

Impinj (NASDAQ:PI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.80 EPS for the quarter, beating 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 business had revenue of $97.89 million for the quarter, compared to analyst estimates of $93.78 million. During the same quarter last year, the business earned $0.83 earnings per share. The business's revenue for the quarter was down 4.5% on a year-over-year basis. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. As a group, equities research analysts forecast that Impinj will post -0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Chris Ph.D. Diorio sold 4,096 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $187.63, for a total transaction of $768,532.48. Following the transaction, the chief executive officer owned 297,013 shares in the company, valued at approximately $55,728,549.19. This trade represents a 1.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sylebra Capital Llc sold 300,000 shares of the firm's 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 transaction, the insider owned 1,829,260 shares in the company, valued at $358,973,982.40. This represents a 14.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 324,096 shares of company stock valued at $63,353,832 in the last three months. Company insiders own 12.40% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new position in shares of Impinj during the 2nd quarter valued at $28,000. Harbour Investments Inc. bought a new position in shares of Impinj during the 2nd quarter valued at $33,000. Quaker Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 600 shares in the last quarter. Banque Transatlantique SA bought a new position in shares of Impinj during the 1st quarter valued at $29,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Impinj during the 2nd quarter valued at $43,000.

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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