Impinj (NASDAQ:PI) Receives Sell (D) Rating from Weiss Ratings

Key Points

• Impinj's stock has received a "sell (D)" rating from Weiss Ratings, indicating a negative outlook on the company's stock performance.
• Several analysts have varying outlooks on Impinj, with Cantor Fitzgerald raising their price target to $217.00 and maintaining an "overweight" rating, while Needham & Company LLC reiterated a "buy" rating with a target of $195.00.
• As of the latest reports, Impinj has a market capitalization of $6.18 billion and experienced a 4.5% year-over-year revenue decline despite reporting better-than-expected earnings per share of $0.80.

Impinj (NASDAQ:PI - Get Free Report)'s stock had its "sell (d)" rating restated by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other research analysts have also commented on the company. Cantor Fitzgerald raised their price target on Impinj from $158.00 to $217.00 and gave the company an "overweight" rating in a report on Monday. Needham & Company LLC reiterated a "buy" rating and issued a $195.00 price objective on shares of Impinj in a report on Monday, September 15th. Susquehanna increased their price objective on shares of Impinj from $130.00 to $140.00 and gave the company a "positive" rating in a report on Tuesday, July 22nd. Barclays assumed coverage on shares of Impinj in a report on Tuesday. They issued an "overweight" rating and a $200.00 price objective for the company. Finally, Piper Sandler increased their price objective on shares of Impinj from $140.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Impinj currently has a consensus rating of "Moderate Buy" and an average price target of $179.00.

Impinj Price Performance

Shares of NASDAQ PI opened at $212.45 on Wednesday. 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 business's fifty day moving average price is $179.27 and its two-hundred day moving average price is $128.82. The firm has a market capitalization of $6.18 billion, a PE ratio of 21,266.27 and a beta of 1.83.

Impinj (NASDAQ:PI - Get Free Report) last issued its 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. The firm had revenue of $97.89 million for the quarter, compared to analyst estimates of $93.78 million. Impinj had a return on equity of 8.14% and a net margin of 0.18%.The firm's revenue for the quarter was down 4.5% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. On average, research analysts expect that Impinj will post -0.47 EPS for the current year.

Insider Transactions at Impinj

In related news, CEO Chris Ph.D. Diorio sold 5,000 shares of Impinj stock in a transaction dated 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. The trade was a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sylebra Capital Llc sold 300,000 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $196.24, for a total value 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 324,096 shares of company stock worth $63,353,832. 12.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Impinj

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of Impinj by 3.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,679 shares of the company's stock valued at $303,000 after purchasing an additional 57 shares during the period. Amalgamated Bank boosted its position in shares of Impinj by 1.1% in the 2nd quarter. Amalgamated Bank now owns 6,670 shares of the company's stock valued at $741,000 after purchasing an additional 74 shares during the period. Advisors Asset Management Inc. boosted its position in shares of 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 purchasing an additional 88 shares during the period. Maryland State Retirement & Pension System boosted its position in shares of 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 purchasing an additional 167 shares during the period. Finally, SBI Securities Co. Ltd. boosted its position in shares of Impinj by 75.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 398 shares of the company's stock valued at $36,000 after purchasing an additional 171 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.

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