Impinj (NASDAQ:PI) Stock Price Down 5.9% Following Analyst Downgrade

Impinj, Inc. (NASDAQ:PI)’s stock price traded down 5.9% during mid-day trading on Monday after Evercore ISI downgraded the stock from an outperform rating to an in-line rating. Evercore ISI now has a $112.00 price target on the stock. Impinj traded as low as $110.00 and last traded at $109.2290. 692,239 shares traded hands during trading, a decline of 15% from the average session volume of 812,258 shares. The stock had previously closed at $116.04.

Several other analysts have also recently issued reports on PI. Roth Mkm set a $220.00 price objective on shares of Impinj in a research note on Friday. Wall Street Zen cut Impinj from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Piper Sandler reaffirmed a “mixed” rating and issued a $180.00 price target (down previously from $230.00) on shares of Impinj in a research report on Friday. Needham & Company LLC cut their target price on shares of Impinj from $255.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Cantor Fitzgerald reduced their price objective on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a report on Friday. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Impinj has a consensus rating of “Hold” and an average target price of $166.56.

Insider Activity

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $150.36, for a total transaction of $20,242,816.44. Following the completion of the sale, the insider owned 1,132,152 shares in the company, valued at $170,230,374.72. The trade was a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders sold 666,192 shares of company stock worth $105,288,457. 51.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Impinj

A number of institutional investors have recently added to or reduced their stakes in the business. DNB Asset Management AS grew its stake in shares of Impinj by 39.6% during the 2nd quarter. DNB Asset Management AS now owns 7,306 shares of the company’s stock valued at $811,000 after acquiring an additional 2,073 shares during the period. Truist Financial Corp boosted its holdings in Impinj by 71.1% in the 2nd quarter. Truist Financial Corp now owns 9,065 shares of the company’s stock worth $1,007,000 after buying an additional 3,768 shares during the period. New York State Teachers Retirement System raised its holdings in Impinj by 207.3% during the third quarter. New York State Teachers Retirement System now owns 16,900 shares of the company’s stock valued at $3,055,000 after acquiring an additional 11,400 shares during the period. Geode Capital Management LLC lifted its holdings in Impinj by 7.7% in the 2nd quarter. Geode Capital Management LLC now owns 596,874 shares of the company’s stock worth $66,302,000 after purchasing an additional 42,472 shares in the last quarter. Finally, Granite Investment Partners LLC purchased a new stake in Impinj during the 2nd quarter valued at approximately $12,160,000.

Impinj Stock Performance

The business’s fifty day simple moving average is $167.15 and its 200-day simple moving average is $174.26. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.01 and a current ratio of 2.68. The firm has a market capitalization of $3.36 billion, a PE ratio of -283.22 and a beta of 1.57.

Impinj (NASDAQ:PI) last announced its earnings results on Thursday, February 5th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. Impinj had a positive return on equity of 8.49% and a negative net margin of 3.00%.The company had revenue of $92.85 million for the quarter, compared to analyst estimates of $91.87 million. During the same period in the prior year, the company posted $0.48 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. As a group, equities research analysts expect that Impinj, Inc. will post -0.47 EPS for the current year.

About Impinj

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).