Impinj (NASDAQ:PI) Trading 6.4% Higher – Should You Buy?

Impinj, Inc. (NASDAQ:PI)’s stock price shot up 6.4% on Tuesday . The stock traded as high as $120.70 and last traded at $120.0440. 117,763 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 656,856 shares. The stock had previously closed at $112.86.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PI. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Impinj in a report on Thursday, January 22nd. Evercore reaffirmed an “in-line” rating and issued a $112.00 price target (down from $273.00) on shares of Impinj in a report on Friday, February 6th. Susquehanna reaffirmed a “positive” rating and issued a $200.00 price target on shares of Impinj in a report on Friday, February 6th. Barclays lowered their price target on Impinj from $175.00 to $169.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. Finally, Needham & Company LLC lowered their price target on Impinj from $255.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $167.63.

Impinj Price Performance

The firm has a market capitalization of $3.60 billion, a P/E ratio of -303.78 and a beta of 1.67. The business’s 50-day simple moving average is $107.51 and its 200 day simple moving average is $150.98. The company has a quick ratio of 2.01, a current ratio of 2.68 and a debt-to-equity ratio of 0.88.

Impinj (NASDAQ:PI) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $92.85 million for the quarter, compared to the consensus estimate of $91.87 million. Impinj had a negative net margin of 3.00% and a positive return on equity of 8.49%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. Sell-side analysts forecast that Impinj, Inc. will post 0.25 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its stake in shares of Impinj by 3.5% during the third quarter. GAMMA Investing LLC now owns 1,679 shares of the company’s stock worth $303,000 after acquiring an additional 57 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Impinj by 0.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,130 shares of the company’s stock worth $3,113,000 after acquiring an additional 66 shares during the last quarter. Hantz Financial Services Inc. grew its position in Impinj by 90.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock worth $29,000 after acquiring an additional 75 shares during the last quarter. Bessemer Group Inc. grew its position in Impinj by 101.2% during the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock worth $31,000 after acquiring an additional 84 shares during the last quarter. Finally, Swiss Life Asset Management Ltd grew its position in Impinj by 7.6% during the 4th quarter. Swiss Life Asset Management Ltd now owns 1,298 shares of the company’s stock worth $226,000 after acquiring an additional 92 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).