Impinj (NASDAQ:PI) Rating Lowered to Hold at Wall Street Zen

Impinj (NASDAQ:PIGet Free Report) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

PI has been the subject of several other reports. UBS Group raised their price target on Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Needham & Company LLC reiterated a “buy” rating and issued a $175.00 price objective on shares of Impinj in a report on Thursday, April 30th. Zacks Research raised Impinj from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Evercore set a $144.00 target price on Impinj in a report on Thursday, April 30th. Finally, Weiss Ratings downgraded Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Impinj has a consensus rating of “Hold” and an average target price of $175.00.

Read Our Latest Analysis on PI

Impinj Price Performance

Shares of PI opened at $138.37 on Friday. The firm has a 50-day simple moving average of $139.24 and a two-hundred day simple moving average of $133.47. The stock has a market cap of $4.21 billion, a PE ratio of -150.40 and a beta of 1.92. Impinj has a 1-year low of $87.36 and a 1-year high of $247.06. The company has a debt-to-equity ratio of 1.18, a current ratio of 9.20 and a quick ratio of 6.55.

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

Insider Transactions at Impinj

In related news, Director Sylebra Capital Llc sold 48,504 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $150.78, for a total transaction of $7,313,433.12. Following the completion of the transaction, the director directly owned 973,667 shares of the company’s stock, valued at $146,809,510.26. The trade was a 4.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 265,124 shares of company stock valued at $36,565,887 in the last ninety days. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Impinj

A number of hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC purchased a new stake in shares of Impinj during the first quarter worth approximately $28,000. Danske Bank A S purchased a new position in Impinj in the fourth quarter worth approximately $35,000. Advisors Asset Management Inc. lifted its stake in Impinj by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after acquiring an additional 140 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Impinj by 41.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock worth $59,000 after acquiring an additional 100 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Impinj during the 4th quarter worth approximately $60,000.

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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