Impinj (NASDAQ:PI) Given New $255.00 Price Target at Needham & Company LLC

Impinj (NASDAQ:PI) had its price objective hoisted by Needham & Company LLC from $195.00 to $255.00 in a research note released on Thursday morning, MarketBeat reports. Needham & Company LLC currently has a buy rating on the stock.

PI has been the topic of a number of other research reports. Zacks Research raised shares of Impinj from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Barclays initiated coverage on shares of Impinj in a research note on Tuesday, October 7th. They issued an “overweight” rating and a $200.00 price objective on the stock. Piper Sandler raised their price objective on shares of Impinj from $180.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Cantor Fitzgerald raised their price objective 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. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Impinj in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $228.25.

Impinj Price Performance

PI stock opened at $206.08 on Thursday. The stock has a market capitalization of $5.99 billion, a PE ratio of -468.35 and a beta of 1.83. The company’s 50-day moving average is $195.44 and its 200-day moving average is $143.87. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44. Impinj has a 1 year low of $60.85 and a 1 year high of $247.06.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $96.06 million for the quarter, compared to analysts’ expectations of $92.71 million. Impinj had a negative net margin of 3.45% and a positive return on equity of 8.50%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 EPS. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. Equities research analysts expect that Impinj will post -0.47 EPS for the current fiscal 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 stock was sold at an average price of $196.24, for a total transaction of $58,872,000.00. Following the sale, the insider directly owned 1,829,260 shares in the company, valued at approximately $358,973,982.40. This trade represents a 14.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Chris Ph.D. Diorio sold 4,096 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $187.63, for a total transaction of $768,532.48. Following the sale, the chief executive officer owned 297,013 shares of the company’s stock, valued at $55,728,549.19. This trade represents a 1.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 324,096 shares of company stock worth $63,353,832 over the last quarter. 12.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Impinj

A number of large investors have recently added to or reduced their stakes in PI. CoreCap Advisors LLC purchased a new stake in Impinj during the third quarter worth about $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in Impinj during the second quarter worth about $28,000. Banque Transatlantique SA purchased a new stake in Impinj during the first quarter worth about $29,000. Salomon & Ludwin LLC purchased a new stake in Impinj during the third quarter worth about $31,000. Finally, Harbour Investments Inc. purchased a new stake in Impinj during the second quarter worth about $33,000.

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.