Impinj, Inc. (NASDAQ:PI) Receives $226.33 Average Price Target from Analysts

Shares of Impinj, Inc. (NASDAQ:PI) have earned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $226.3333.

Several brokerages have recently commented on PI. Susquehanna set a $255.00 target price on Impinj in a report on Thursday, October 30th. Piper Sandler boosted their price objective on Impinj from $180.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Wall Street Zen lowered shares of Impinj from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Roth Capital reiterated a “buy” rating and issued a $235.00 target price on shares of Impinj in a report on Thursday, October 30th. Finally, Cantor Fitzgerald lifted their target price on shares of Impinj from $217.00 to $246.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th.

Insider Buying and Selling

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of Impinj stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $150.36, for a total transaction of $20,242,816.44. Following the transaction, the insider directly owned 1,132,152 shares in the company, valued at approximately $170,230,374.72. The trade was a 10.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 697,450 shares of company stock valued at $110,643,153. Company insiders own 12.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PI. CoreCap Advisors LLC acquired a new position in Impinj during the third quarter valued at $27,000. Hantz Financial Services Inc. grew its stake in Impinj by 90.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after acquiring an additional 75 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Impinj by 101.2% in the 3rd quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after purchasing an additional 84 shares during the period. Salomon & Ludwin LLC acquired a new position in shares of Impinj in the 3rd quarter valued at about $31,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Impinj in the second quarter worth approximately $28,000.

Impinj Trading Up 3.2%

Shares of NASDAQ:PI opened at $174.01 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.97 and a current ratio of 2.67. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of -395.47 and a beta of 1.52. Impinj has a 1-year low of $60.85 and a 1-year high of $247.06. The company has a 50 day moving average price of $170.85 and a 200 day moving average price of $163.18.

Impinj (NASDAQ:PI) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.08. Impinj had a positive return on equity of 8.15% and a negative net margin of 3.45%.The company had revenue of $96.06 million for the quarter, compared to analysts’ expectations of $92.71 million. During the same quarter in the prior year, the company earned $0.56 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. Impinj has set its Q4 2025 guidance at 0.480-0.520 EPS. On average, research analysts anticipate that Impinj will post -0.47 EPS 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).