Wall Street Zen Upgrades Impinj (NASDAQ:PI) to “Buy”

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

PI has been the subject of several other reports. UBS Group boosted their price objective on Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Barclays lifted their price target on Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Needham & Company LLC reduced their price objective on Impinj from $175.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday. Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday. Finally, Zacks Research raised shares of Impinj from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Impinj presently has a consensus rating of “Moderate Buy” and an average price target of $179.22.

View Our Latest Report on Impinj

Impinj Price Performance

Impinj stock opened at $151.36 on Friday. The stock has a market capitalization of $4.62 billion, a P/E ratio of -164.52 and a beta of 1.94. The company’s fifty day moving average price is $137.95 and its 200 day moving average price is $129.84. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.29 and a current ratio of 3.28. Impinj has a 1 year low of $87.36 and a 1 year high of $247.06.

Impinj (NASDAQ:PIGet Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The business had revenue of $108.37 million for the quarter, compared to analyst estimates of $104.60 million. During the same quarter last year, the business earned $0.80 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, equities research analysts anticipate that Impinj will post 0.34 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Sylebra Capital Llc sold 12,105 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $127.36, for a total value of $1,541,692.80. Following the sale, the director directly owned 782,943 shares in the company, valued at approximately $99,715,620.48. The trade was a 1.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 265,124 shares of company stock worth $36,565,887. 6.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Impinj

A number of institutional investors have recently modified their holdings of the company. Western Wealth Management LLC acquired a new position in Impinj during the 1st quarter worth about $28,000. Danske Bank A S acquired a new stake in shares of Impinj during the fourth quarter worth about $35,000. Advisors Asset Management Inc. grew its holdings in shares of Impinj by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after purchasing an additional 140 shares in the last quarter. Daiwa Securities Group Inc. increased its stake 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 buying an additional 100 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Impinj during the 4th quarter worth approximately $60,000.

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).

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Analyst Recommendations for Impinj (NASDAQ:PI)

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