Impinj (NASDAQ:PI) Shares Gap Down After Analyst Downgrade

Impinj, Inc. (NASDAQ:PI) shares gapped down prior to trading on Friday after Needham & Company LLC lowered their price target on the stock from $255.00 to $175.00. The stock had previously closed at $153.83, but opened at $124.81. Needham & Company LLC currently has a buy rating on the stock. Impinj shares last traded at $113.7210, with a volume of 569,420 shares changing hands.

Several other research analysts also recently commented on PI. UBS Group cut their target price on Impinj from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Monday, January 26th. 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 note on Thursday, October 30th. Roth Mkm set a $220.00 price objective on shares of Impinj in a report on Friday. Zacks Research downgraded Impinj from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Piper Sandler lifted their target price on Impinj from $180.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.63.

Insider Buying and Selling

In other Impinj news, insider Sylebra Capital Llc sold 134,629 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $150.36, for a total transaction of $20,242,816.44. Following the completion of the transaction, the insider owned 1,132,152 shares in the company, valued at $170,230,374.72. This trade represents a 10.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold 666,192 shares of company stock worth $105,288,457 over the last three months. 12.40% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Impinj

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Q4 results: GAAP EPS of $0.50 and revenue of ~$92.9M were essentially in line with or slightly above consensus, showing stable near-term execution. Read More.
• Positive Sentiment: Q1 EPS guidance topped expectations — Impinj gave EPS guidance of $0.08–$0.13 for Q1 2026 versus a consensus estimate around -$0.11, signaling that management expects profitability to remain positive even amid top-line weakness. Read More.
• Neutral Sentiment: Analyst update: Needham cut its price target from $255 to $175 but maintained a Buy rating — a less bullish valuation, but still a constructive stance that suggests confidence in longer-term fundamentals. Read More.
• Negative Sentiment: Big Q1 revenue miss: Management guided Q1 revenue of $71M–$74M vs. Street at ~$89.7M — the sizeable shortfall is the primary driver of the share decline as it implies near-term demand softness or timing pressure from inventory transitions. Read More.
• Negative Sentiment: Management cited short-term headwinds — a custom chip rollout and inventory transition that are expected to temporarily depress demand and complicate revenue recognition/timing. That operational transition increases execution risk in the near term. Read More.
• Negative Sentiment: Market reaction: Multiple outlets report a sharp intraday selloff after the weak top-line guide, indicating investor concern about revenue durability despite earnings in line. This momentum selling amplifies downside pressure. Read More.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PI. CoreCap Advisors LLC purchased a new position in Impinj in the third quarter worth $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Impinj in the second quarter worth $28,000. Hantz Financial Services Inc. raised its holdings in shares of Impinj by 90.4% during the third quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock worth $29,000 after purchasing an additional 75 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in Impinj during the third quarter valued at $31,000. Finally, Bessemer Group Inc. boosted its holdings in Impinj by 101.2% in the third 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 last quarter.

Impinj Price Performance

The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of -259.74 and a beta of 1.56. The firm has a 50-day simple moving average of $168.27 and a two-hundred day simple moving average of $173.45. The company has a current ratio of 2.67, a quick ratio of 1.97 and a debt-to-equity ratio of 0.94.

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).