Impinj, Inc. (NASDAQ:PI) Stock Has Average Target Price of $183.30 According to Brokerages

Impinj, Inc. (NASDAQ:PI) has earned a consensus rating of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $183.30.

A number of research analysts have recently issued reports on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 price target on shares of Impinj in a research report on Thursday, July 30th. Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Jefferies Financial Group boosted their price target on shares of Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Needham & Company LLC decreased their price target on Impinj from $175.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, July 30th.

Impinj Trading Up 2.6%

Shares of PI stock opened at $183.87 on Tuesday. The stock’s fifty day simple moving average is $168.72 and its 200 day simple moving average is $142.34. The firm has a market capitalization of $5.62 billion, a P/E ratio of -199.86 and a beta of 1.94. Impinj has a twelve month low of $87.36 and a twelve month high of $247.06. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. The business had revenue of $108.37 million for the quarter, compared to the consensus estimate of $104.60 million. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company earned $0.80 EPS. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, sell-side analysts predict that Impinj will post 0.37 EPS for the current fiscal year.

Insider Buying and Selling at Impinj

In other news, CFO Cary Baker sold 8,892 shares of the stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $185.00, for a total value of $1,645,020.00. Following the sale, the chief financial officer directly owned 80,388 shares of the company’s stock, valued at approximately $14,871,780. This represents 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 Miron Washington sold 800 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $173.26, for a total transaction of $138,608.00. Following the completion of the sale, the director owned 4,354 shares in the company, valued at $754,374.04. This represents a 15.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,121 shares of company stock valued at $2,047,993 in the last quarter. 6.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Impinj

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Impinj in the 2nd quarter valued at $637,286,000. The Manufacturers Life Insurance Company purchased a new position in Impinj in the 2nd quarter worth $95,867,000. Norges Bank bought a new stake in Impinj in the fourth quarter worth $55,216,000. William Blair Investment Management LLC bought a new stake in Impinj in the second quarter worth $42,514,000. Finally, AWM Investment Company Inc. purchased a new stake in Impinj during the second quarter valued at about $29,651,000.

About Impinj

Impinj, Inc is a technology company that develops products and software for the Internet of Things (IoT) and connected-item applications. The company specializes in RAIN RFID, a wireless technology that uses radio waves to identify, locate and manage individual items. Its platform is designed to help businesses improve inventory visibility, supply-chain operations and asset management.

Impinj’s offerings include RFID endpoint integrated circuits, reader chips, RFID readers, gateways, antennas and software.