Impinj, Inc. (NASDAQ:PI) Stock Has Average Price Target of $185.70

Shares of Impinj, Inc. (NASDAQ:PI) have received a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $194.40.

Several research firms have recently weighed in on PI. BMO Capital Markets assumed coverage on Impinj in a report on Thursday, August 20th. They set an “outperform” rating and a $220.00 price target on the stock. Wall Street Zen raised Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. UBS Group upped their price objective on Impinj from $175.00 to $180.00 and gave the company a “neutral” rating in a research report on Thursday. Zacks Research downgraded Impinj from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Finally, Jefferies Financial Group raised their target price on Impinj from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday.

Trending Headlines about Impinj

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Q3 earnings and revenue beat expectations. Impinj reported earnings of $0.69 per share, above the $0.61 consensus estimate and up from $0.58 a year earlier. Revenue reached approximately $112.1 million, exceeding the $107.2 million forecast and increasing 16.7% year over year. Impinj Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Fourth-quarter guidance was well above Wall Street expectations. Impinj forecast adjusted EPS of $0.55-$0.60, compared with the consensus estimate of a $0.04 loss, and revenue of $104 million-$107 million versus expectations of $99.3 million. Management cited strong M800 endpoint IC demand and a ramp in back-end production capacity. Impinj Q4 Outlook
• Positive Sentiment: Analysts raised their targets. Susquehanna lifted its target to $225 and assigned a positive rating, while Needham raised its target to $195 and maintained a buy rating. These actions reflect improved confidence in Impinj’s growth and margin expansion prospects.
• Neutral Sentiment: Analyst opinion remains mixed. UBS raised its target modestly to $180 but retained a neutral rating. Another analyst upgraded Impinj from bearish to hold, acknowledging improving revenue growth while warning that valuation remains demanding.
• Negative Sentiment: Valuation is a key risk. Impinj trades near the upper end of its annual range, with a very high price-to-earnings multiple and limited room for execution disappointments. The wide gap between analyst targets also signals uncertainty over how much of the expected growth is already reflected in PI shares.

Impinj Stock Performance

Shares of NASDAQ PI opened at $179.66 on Friday. The firm’s 50-day moving average price is $176.87 and its 200-day moving average price is $144.35. Impinj has a 52-week low of $87.36 and a 52-week high of $215.25. The company has a market cap of $5.54 billion, a PE ratio of 380.31 and a beta of 1.94. The company has a quick ratio of 2.29, a current ratio of 9.42 and a debt-to-equity ratio of 0.61.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.08. The firm had revenue of $112.08 million during the quarter, compared to analysts’ expectations of $107.16 million. Impinj had a negative net margin of 2.45% and a positive return on equity of 6.65%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 earnings per share. As a group, analysts anticipate that Impinj will post 0.37 EPS for the current year.

Insider Activity

In related news, CFO Cary Baker sold 8,892 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $185.00, for a total transaction of $1,645,020.00. Following the completion of the sale, the chief financial officer directly owned 80,388 shares in the company, valued at approximately $14,871,780. The trade was a 9.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Meera Rao sold 1,729 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $201.60, for a total transaction of $348,566.40. Following the sale, the director owned 9,593 shares of the company’s stock, valued at $1,933,948.80. This trade represents a 15.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,850 shares of company stock valued at $2,396,559 in the last quarter. 6.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund increased its stake in shares of Impinj by 5.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 6,486 shares of the company’s stock worth $1,163,000 after purchasing an additional 315 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of Impinj by 126.3% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 4,300 shares of the company’s stock valued at $771,000 after buying an additional 2,400 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in Impinj by 5.6% in the 3rd quarter. D.A. Davidson & CO. now owns 13,147 shares of the company’s stock worth $2,357,000 after buying an additional 700 shares during the period. Verdence Capital Advisors LLC bought a new position in Impinj in the 3rd quarter worth $223,000. Finally, Apollon Wealth Management LLC boosted its holdings in Impinj by 70.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 3,149 shares of the company’s stock worth $565,000 after buying an additional 1,297 shares during the period.

About Impinj

Impinj, Inc (NASDAQ: PI) develops technology for the Internet of Things (IoT) based on RAIN RFID, a wireless technology used to identify, locate and authenticate individual items. Its platform is designed to connect physical products, packages and assets to digital systems, helping organizations collect real-time information throughout supply chains and business operations.

The company offers a portfolio of RAIN RFID endpoint integrated circuits, reader chips, RFID readers and gateways, antennas, and cloud and software solutions.