Impinj (NASDAQ:PI) Stock Price Up 4.3% - Should You Buy?

Key Points

• Impinj shares rose 4.3% to $171.80, although trading volume was 89% below the stock’s average daily volume.
• Analysts maintain a generally positive view, with seven Buy ratings, three Holds and one Sell; the consensus rating is “Moderate Buy” with an average price target of $183.30.
• The company exceeded quarterly expectations, reporting $0.86 EPS and $108.37 million in revenue, up 10.7% year over year, but remains unprofitable with a negative 7.26% net margin. CFO Cary Baker also sold 1,429 shares under a pre-arranged trading plan.

Impinj, Inc. (NASDAQ:PI - Get Free Report)'s stock price was up 4.3% on Thursday . The company traded as high as $171.50 and last traded at $171.80. 60,218 shares were traded during trading, a decline of 89% from the average daily volume of 545,556 shares. The stock had previously closed at $164.70.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PI shares. BMO Capital Markets initiated coverage on Impinj in a research note on Thursday, August 20th. They issued an "outperform" rating and a $220.00 target price on the stock. Zacks Research cut Impinj from a "strong-buy" rating to a "hold" rating in a report on Monday, August 31st. Needham & Company LLC reduced their price objective on Impinj from $175.00 to $168.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Wall Street Zen raised Impinj from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price target on shares of Impinj in a research note on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $183.30.

Impinj Stock Up 4.0%

The business's 50-day moving average price is $156.82 and its 200-day moving average price is $134.66. The firm has a market capitalization of $5.23 billion, a PE ratio of -186.06 and a beta of 1.92. 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 issued its earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.06. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The company had revenue of $108.37 million during the quarter, compared to analyst estimates of $104.60 million. During the same quarter last year, the business posted $0.80 EPS. The company's revenue for the quarter was up 10.7% on a year-over-year basis. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, equities research analysts predict that Impinj, Inc. will post 0.37 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Cary Baker sold 1,429 shares of Impinj stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $185.00, for a total value of $264,365.00. Following the transaction, the chief financial officer owned 88,226 shares of the company's stock, valued at $16,321,810. This trade represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 6.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Impinj

A number of institutional investors and hedge funds have recently bought and sold shares of PI. Swiss Life Asset Management Ltd raised its holdings in Impinj by 7.6% in the 4th quarter. Swiss Life Asset Management Ltd now owns 1,298 shares of the company's stock valued at $226,000 after acquiring an additional 92 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Impinj by 4.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 2,467 shares of the company's stock worth $429,000 after buying an additional 97 shares in the last quarter. Xponance LLC boosted its stake in Impinj by 4.9% in the fourth quarter. Xponance LLC now owns 2,138 shares of the company's stock worth $372,000 after purchasing an additional 99 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Impinj by 41.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 340 shares of the company's stock valued at $59,000 after purchasing an additional 100 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Impinj by 35.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 384 shares of the company's stock worth $65,000 after purchasing an additional 100 shares during the last quarter.

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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