Impinj, Inc. (NASDAQ:PI – Get Free Report) has received an average rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $183.30.
PI has been the subject of a number of analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price target on shares of Impinj in a research report on Thursday, July 30th. Jefferies Financial Group increased their price objective on Impinj from $175.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Weiss Ratings raised Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Zacks Research lowered Impinj from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Finally, Wall Street Zen raised Impinj from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st.
Check Out Our Latest Stock Report on PI
Impinj Stock Up 4.3%
Impinj (NASDAQ:PI – Get Free Report) last released its quarterly earnings data 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. The business had revenue of $108.37 million during the quarter, compared to analyst estimates of $104.60 million. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. Impinj’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 EPS. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. Sell-side analysts forecast that Impinj will post 0.37 earnings per share for the current fiscal year.
Insider Activity
In related news, CFO Cary Baker sold 1,429 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $185.00, for a total value of $264,365.00. Following the transaction, the chief financial officer directly owned 88,226 shares in the company, valued at approximately $16,321,810. This trade represents a 1.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 6.80% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. TOP Private Wealth LLC. acquired a new stake in shares of Impinj in the second quarter valued at about $25,000. Western Wealth Management LLC acquired a new position in shares of Impinj during the 1st quarter worth about $28,000. Global Retirement Partners LLC bought a new stake in Impinj during the 2nd quarter valued at approximately $31,000. Danske Bank A S bought a new stake in Impinj during the 4th quarter valued at approximately $35,000. Finally, Bamco Inc. NY acquired a new stake in Impinj in the 2nd quarter valued at approximately $45,000.
About Impinj
Impinj, Inc develops radio-frequency identification (RFID) technologies that connect everyday physical items to the digital world. The company’s platform is based primarily on RAIN RFID, a passive, battery-free wireless technology used to identify, locate and monitor tagged objects.
Impinj offers RFID endpoint integrated circuits, readers, gateways, antennas and software designed to work together across the item-to-cloud connectivity chain. Its solutions are used in applications such as retail inventory management, supply-chain and logistics operations, asset tracking, healthcare, manufacturing and other industrial settings.
Founded in 2000 and headquartered in Seattle, Washington, Impinj serves customers and partners globally through its technology platform and ecosystem.
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