Impinj (NASDAQ:PI) Trading 9.2% Higher – Time to Buy?

Impinj, Inc. (NASDAQ:PI) shares shot up 9.2% during mid-day trading on Friday . The stock traded as high as $152.27 and last traded at $153.14. 87,048 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 645,075 shares. The stock had previously closed at $140.27.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PI. Barclays lifted their price objective on Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Evercore set a $144.00 price objective on Impinj in a research note on Thursday, April 30th. Roth Mkm decreased their price objective on Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Susquehanna reiterated a “positive” rating and issued a $200.00 price objective on shares of Impinj in a research note on Friday, February 6th. Finally, Cantor Fitzgerald decreased their price objective on Impinj from $246.00 to $170.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $175.00.

Impinj Stock Up 7.8%

The business has a 50 day moving average of $116.81 and a 200-day moving average of $140.42. The stock has a market cap of $4.61 billion, a PE ratio of -164.10 and a beta of 1.93. The company has a current ratio of 9.20, a quick ratio of 6.55 and a debt-to-equity ratio of 1.18.

Impinj (NASDAQ:PI) last announced its earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. Impinj had a positive return on equity of 5.67% and a negative net margin of 7.66%.The company had revenue of $74.25 million for the quarter, compared to the consensus estimate of $72.53 million. During the same period last year, the business posted $0.21 EPS. The company’s revenue was down .1% on a year-over-year basis. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Equities research analysts predict that Impinj, Inc. will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling at Impinj

In other Impinj news, Director Sylebra Capital Llc sold 25,896 shares of Impinj stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $152.73, for a total value of $3,955,096.08. Following the transaction, the director directly owned 1,070,085 shares in the company, valued at approximately $163,434,082.05. This trade represents a 2.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. lifted its holdings in shares of Impinj by 90.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after buying an additional 75 shares during the period. Bessemer Group Inc. lifted 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 buying an additional 84 shares during the period. Danske Bank A S acquired a new stake in shares of Impinj in the 4th quarter valued at approximately $35,000. Rothschild Investment LLC lifted its holdings in shares of Impinj by 572.5% in the 3rd quarter. Rothschild Investment LLC now owns 269 shares of the company’s stock valued at $49,000 after buying an additional 229 shares during the period. Finally, Western Wealth Management LLC acquired a new stake in shares of Impinj in the 1st quarter valued at approximately $28,000.

Impinj Company Profile

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).