Impinj (NASDAQ:PI) Shares Up 4.1% - Time to Buy?

Key Points

• Impinj shares rose 4.1% to about $190.93, with trading volume 43% below the daily average. The stock’s market capitalization is approximately $5.83 billion.
• Analysts maintain a generally positive outlook, with seven Buy ratings, three Holds and one Sell, producing a consensus “Moderate Buy” rating. The average price target is $185.70, below the current share price, although Barclays raised its target to $200.
• Impinj exceeded quarterly expectations with EPS of $0.86 versus an estimated $0.80 and revenue of $108.37 million, up 10.7% year over year. However, insiders sold 11,121 shares worth roughly $2.05 million during the last quarter.

Impinj, Inc. (NASDAQ:PI - Get Free Report) shares were up 4.1% during trading on Wednesday. The company traded as high as $189.11 and last traded at $190.9250. Approximately 302,395 shares changed hands during trading, a decline of 43% from the average daily volume of 529,427 shares. The stock had previously closed at $183.40.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PI shares. Barclays lifted their price objective on Impinj from $176.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday. Wall Street Zen upgraded Impinj from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Jefferies Financial Group raised their price target on shares of Impinj from $175.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Impinj from a "sell (e+)" rating to a "sell (d)" rating in a research note on Thursday, July 30th. Finally, Needham & Company LLC dropped their price target on shares of Impinj from $175.00 to $168.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Impinj presently has a consensus rating of "Moderate Buy" and an average target price of $185.70.

Impinj Trading Up 4.1%

The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.29 and a current ratio of 3.28. The business's 50 day moving average price is $175.49 and its 200-day moving average price is $147.23. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of -207.52 and a beta of 1.94.

Impinj (NASDAQ:PI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.06. The business had revenue of $108.37 million during the quarter, compared to the consensus estimate of $104.60 million. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm earned $0.80 earnings per share. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. Equities analysts expect that Impinj, Inc. will post 0.37 EPS for the current year.

Insider Activity at Impinj

In other Impinj news, Director Miron Washington sold 800 shares of the business's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $173.26, for a total transaction of $138,608.00. Following the completion of the sale, the director owned 4,354 shares in the company, valued at $754,374.04. The trade was a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Cary Baker sold 8,892 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $185.00, for a total transaction of $1,645,020.00. Following the sale, the chief financial officer directly owned 80,388 shares in the company, valued at $14,871,780. This trade represents a 9.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 11,121 shares of company stock valued at $2,047,993. Insiders own 6.80% of the company's stock.

Institutional Investors Weigh In On Impinj

Institutional investors and hedge funds have recently bought and sold shares of the business. TOP Private Wealth LLC. bought a new stake in shares of Impinj in the 2nd quarter worth $25,000. Western Wealth Management LLC acquired a new stake in shares of Impinj during the 1st quarter valued at $28,000. Global Retirement Partners LLC bought a new stake in shares of Impinj during the 2nd quarter worth $31,000. CoreCap Advisors LLC bought a new stake in shares of Impinj during the 3rd quarter worth $37,000. Finally, Bamco Inc. NY bought a new stake in shares of Impinj during the 2nd quarter worth $45,000.

About Impinj

Impinj, Inc is a technology company that develops products and software for the Internet of Things (IoT) and connected-item applications. The company specializes in RAIN RFID, a wireless technology that uses radio waves to identify, locate and manage individual items. Its platform is designed to help businesses improve inventory visibility, supply-chain operations and asset management.

Impinj's offerings include RFID endpoint integrated circuits, reader chips, RFID readers, gateways, antennas and software.

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