Analysts Set Impinj, Inc. (NASDAQ:PI) Target Price at $175.00

Impinj, Inc. (NASDAQ:PIGet Free Report) has been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the stock, MarketBeat.com reports. One investment 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 target price among brokers that have issued ratings on the stock in the last year is $175.00.

PI has been the topic of several research analyst reports. UBS Group upped their price objective on Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Wall Street Zen lowered shares of Impinj from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Barclays boosted their price target on shares of Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Evercore set a $144.00 price target on shares of 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.

Check Out Our Latest Research Report on Impinj

Insiders Place Their Bets

In other Impinj news, Director Sylebra Capital Llc sold 48,504 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $150.78, for a total value of $7,313,433.12. Following the sale, the director owned 973,667 shares of the company’s stock, valued at $146,809,510.26. This trade represents a 4.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders sold 265,124 shares of company stock valued at $36,565,887. 6.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Impinj

A number of institutional investors and hedge funds have recently bought and sold shares of PI. Western Wealth Management LLC purchased a new position in Impinj in the 1st quarter worth approximately $28,000. Danske Bank A S purchased a new stake in shares of Impinj during the 4th quarter valued at $35,000. Advisors Asset Management Inc. raised its position in shares of Impinj by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after buying an additional 140 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of 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 during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Impinj during the 4th quarter worth $60,000.

Impinj Trading Up 1.5%

PI opened at $138.02 on Thursday. The company has a quick ratio of 6.55, a current ratio of 9.20 and a debt-to-equity ratio of 1.18. The company has a fifty day moving average of $138.48 and a 200-day moving average of $132.73. Impinj has a twelve month low of $87.36 and a twelve month high of $247.06. The stock has a market cap of $4.20 billion, a PE ratio of -150.02 and a beta of 1.92.

Impinj (NASDAQ:PIGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $74.25 million during 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%. Impinj’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 EPS. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. On average, sell-side analysts predict that Impinj will post 0.28 EPS for the current year.

Impinj Company Profile

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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).

Further Reading

Analyst Recommendations for Impinj (NASDAQ:PI)

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