Cantor Fitzgerald Boosts Impinj (NASDAQ:PI) Price Target to $217.00

Impinj (NASDAQ:PI) had its price target lifted by Cantor Fitzgerald from $158.00 to $217.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 12.45% from the company’s current price.

Other equities analysts have also issued reports about the company. Needham & Company LLC restated a “buy” rating and set a $195.00 price target on shares of Impinj in a research note on Monday, September 15th. Susquehanna boosted their price target on Impinj from $130.00 to $140.00 and gave the company a “positive” rating in a research note on Tuesday, July 22nd. Piper Sandler boosted their price target on Impinj from $140.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Impinj in a research note on Saturday, September 27th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $176.00.

Impinj Price Performance

NASDAQ PI opened at $192.97 on Monday. Impinj has a twelve month low of $60.85 and a twelve month high of $239.88. The company has a debt-to-equity ratio of 1.51, a quick ratio of 8.44 and a current ratio of 11.64. The stock has a market capitalization of $5.61 billion, a PE ratio of 19,316.32 and a beta of 1.83. The stock has a 50-day simple moving average of $177.47 and a 200 day simple moving average of $128.24.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.08. Impinj had a return on equity of 8.14% and a net margin of 0.18%.The business had revenue of $97.89 million during the quarter, compared to analysts’ expectations of $93.78 million. During the same quarter in the previous year, the firm earned $0.83 EPS. The firm’s revenue was down 4.5% compared to the same quarter last year. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS. Research analysts anticipate that Impinj will post -0.47 EPS for the current year.

Insider Transactions at Impinj

In other Impinj news, insider Sylebra Capital Llc sold 300,000 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $196.24, for a total transaction of $58,872,000.00. Following the completion of the transaction, the insider owned 1,829,260 shares in the company, valued at approximately $358,973,982.40. This represents a 14.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Chris Ph.D. Diorio sold 5,000 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $192.30, for a total value of $961,500.00. Following the transaction, the chief executive officer owned 341,109 shares of the company’s stock, valued at approximately $65,595,260.70. This trade represents a 1.44% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 324,096 shares of company stock valued at $63,353,832. Corporate insiders own 51.00% of the company’s stock.

Hedge Funds Weigh In On Impinj

Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of Impinj by 3.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,679 shares of the company’s stock valued at $303,000 after acquiring an additional 57 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Impinj by 1.1% in the 2nd quarter. Amalgamated Bank now owns 6,670 shares of the company’s stock valued at $741,000 after acquiring an additional 74 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Impinj by 17.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 579 shares of the company’s stock valued at $64,000 after acquiring an additional 88 shares in the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Impinj by 2.5% in the 2nd quarter. Maryland State Retirement & Pension System now owns 6,899 shares of the company’s stock valued at $766,000 after acquiring an additional 167 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Impinj by 75.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 398 shares of the company’s stock valued at $36,000 after acquiring an additional 171 shares in the last quarter.

Impinj Company Profile

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.