Impinj (NASDAQ:PI) Shares Down 7.3% – Time to Sell?

Impinj, Inc. (NASDAQ:PI)’s stock price dropped 7.3% during mid-day trading on Thursday . The stock traded as low as $126.59 and last traded at $128.01. Approximately 171,228 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 568,977 shares. The stock had previously closed at $138.02.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PI shares. UBS Group lifted their price objective on shares of Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Needham & Company LLC reiterated a “buy” rating and issued a $175.00 price objective on shares of Impinj in a research note on Thursday, April 30th. Wall Street Zen downgraded shares of Impinj from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Barclays boosted their target price on shares of Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Weiss Ratings downgraded Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $175.00.

Impinj Price Performance

The company has a current ratio of 9.20, a quick ratio of 6.55 and a debt-to-equity ratio of 1.18. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of -138.19 and a beta of 1.92. The stock’s fifty day moving average price is $138.48 and its 200-day moving average price is $132.73.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.14 EPS for the quarter, beating the consensus estimate 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 business had revenue of $74.25 million for the quarter, compared to analyst estimates of $72.53 million. During the same quarter in the prior year, the company posted $0.21 EPS. The company’s quarterly revenue was down .1% on a year-over-year basis. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. As a group, equities research analysts forecast that Impinj, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Activity at Impinj

In other news, Director Sylebra Capital Llc sold 48,504 shares of Impinj stock in a transaction on 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 completion of the sale, the director directly owned 973,667 shares of the company’s stock, valued at approximately $146,809,510.26. The trade was a 4.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 265,124 shares of company stock worth $36,565,887 in the last ninety days. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Handelsbanken Fonder AB increased its holdings in Impinj by 59.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 10,200 shares of the company’s stock worth $1,461,000 after purchasing an additional 3,800 shares during the period. Community Financial Services Group LLC acquired a new position in Impinj in the second quarter valued at $85,000. Assenagon Asset Management S.A. acquired a new stake in shares of Impinj in the 2nd quarter valued at about $879,000. Avior Wealth Management LLC purchased a new position in shares of Impinj during the second quarter worth approximately $243,000. Finally, Western Wealth Management LLC purchased a new position in Impinj during the 1st quarter worth $28,000.

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).