Impinj, Inc. (NASDAQ:PI) Receives $175.00 Consensus Price Target from Analysts

Impinj, Inc. (NASDAQ:PI) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $175.00.

A number of research analysts have recently issued reports on the company. Piper Sandler reiterated a “mixed” rating and set a $180.00 target price (down from $230.00) on shares of Impinj in a research report on Friday, February 6th. Barclays increased their target price on Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Zacks Research upgraded Impinj from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. UBS Group increased their target price on Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, Wall Street Zen raised Impinj from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd.

Institutional Trading of Impinj

Several large investors have recently made changes to their positions in PI. Invesco Ltd. increased its position in shares of Impinj by 48.3% during the third quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock worth $218,580,000 after purchasing an additional 393,685 shares in the last quarter. Norges Bank purchased a new stake in shares of Impinj during the fourth quarter worth approximately $55,216,000. William Blair Investment Management LLC purchased a new stake in shares of Impinj during the third quarter worth approximately $36,259,000. State Street Corp increased its position in shares of Impinj by 10.8% during the fourth quarter. State Street Corp now owns 1,276,893 shares of the company’s stock worth $222,192,000 after purchasing an additional 124,792 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Impinj by 1,880.0% during the fourth quarter. BNP Paribas Financial Markets now owns 128,624 shares of the company’s stock worth $22,382,000 after purchasing an additional 122,128 shares in the last quarter.

Impinj Trading Up 3.5%

Shares of NASDAQ:PI opened at $155.13 on Friday. Impinj has a 1 year low of $87.36 and a 1 year high of $247.06. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of -168.62 and a beta of 1.93. The company has a debt-to-equity ratio of 1.18, a current ratio of 9.20 and a quick ratio of 6.55. The business’s 50 day moving average price is $109.66 and its 200-day moving average price is $146.20.

Impinj (NASDAQ:PI) last announced its earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Impinj had a positive return on equity of 5.67% and a negative net margin of 7.66%.The firm had revenue of $74.25 million for the quarter, compared to analyst estimates of $72.53 million. During the same quarter last year, the firm posted $0.21 EPS. The business’s revenue was down .1% on a year-over-year basis. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. On average, equities research analysts forecast that Impinj will post 0.28 earnings per share for the current fiscal 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).