Impinj, Inc. (NASDAQ:PI) Receives $175.00 Consensus Price Target from Brokerages

Shares of Impinj, Inc. (NASDAQ:PIGet Free Report) have been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $175.00.

A number of research analysts recently commented on PI shares. Evercore set a $144.00 price target on shares of Impinj in a research note on Thursday, April 30th. Cantor Fitzgerald decreased their target price on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings lowered shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Finally, Piper Sandler restated a “mixed” rating and set a $180.00 target price (down from $230.00) on shares of Impinj in a research report on Friday, February 6th.

Get Our Latest Report on PI

Insider Activity

In related news, Director Sylebra Capital Llc sold 25,896 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $152.73, for a total value of $3,955,096.08. Following the completion of the transaction, the director owned 1,070,085 shares of the company’s stock, valued at $163,434,082.05. This represents a 2.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Impinj

Large investors have recently modified their holdings of the business. Western Wealth Management LLC bought a new position in Impinj during the first quarter worth $28,000. Janus Henderson Group PLC raised its stake in Impinj by 40.1% during the first quarter. Janus Henderson Group PLC now owns 28,014 shares of the company’s stock worth $2,877,000 after buying an additional 8,023 shares during the last quarter. California State Teachers Retirement System raised its stake in Impinj by 29.3% during the first quarter. California State Teachers Retirement System now owns 33,902 shares of the company’s stock worth $3,482,000 after buying an additional 7,678 shares during the last quarter. Royal Bank of Canada raised its stake in Impinj by 307.8% during the first quarter. Royal Bank of Canada now owns 13,812 shares of the company’s stock worth $1,420,000 after buying an additional 10,425 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Impinj by 2,441.0% during the first quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company’s stock worth $43,745,000 after buying an additional 409,182 shares during the last quarter.

Impinj Stock Down 3.7%

Shares of PI opened at $151.00 on Wednesday. Impinj has a 52 week low of $87.36 and a 52 week high of $247.06. The firm has a market cap of $4.60 billion, a P/E ratio of -164.13 and a beta of 1.93. The firm’s 50-day simple moving average is $123.73 and its 200 day simple moving average is $139.78. The company has a debt-to-equity ratio of 1.18, a quick ratio of 6.55 and a current ratio of 9.20.

Impinj (NASDAQ:PIGet Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The business had revenue of $74.25 million for the quarter, compared to analyst estimates of $72.53 million. During the same quarter in the prior year, the business earned $0.21 EPS. Impinj’s quarterly revenue was down .1% on a year-over-year basis. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. On average, analysts forecast that Impinj will post 0.28 earnings per share for the current year.

About Impinj

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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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Analyst Recommendations for Impinj (NASDAQ:PI)

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