Impinj’s (PI) Overweight Rating Reiterated at Cantor Fitzgerald

Impinj (NASDAQ:PI)‘s stock had its “overweight” rating reiterated by analysts at Cantor Fitzgerald in a report issued on Thursday,Benzinga reports. They currently have a $200.00 price target on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 43.58% from the stock’s previous close.

PI has been the topic of several other reports. UBS Group raised their price objective on Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Zacks Research upgraded shares of Impinj from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Wall Street Zen cut shares of Impinj from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Jefferies Financial Group raised their price target on shares of Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Weiss Ratings lowered shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Impinj presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.22.

Impinj Trading Up 4.7%

Shares of NASDAQ PI opened at $139.30 on Thursday. The stock’s 50 day moving average price is $137.77 and its two-hundred day moving average price is $130.64. Impinj has a 52-week low of $87.36 and a 52-week high of $247.06. The stock has a market capitalization of $4.24 billion, a P/E ratio of -151.41 and a beta of 1.92. The company has a quick ratio of 6.55, a current ratio of 9.20 and a debt-to-equity ratio of 1.18.

Impinj (NASDAQ:PI) last released its earnings results on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The company had revenue of $108.37 million for the quarter, compared to the consensus estimate of $104.60 million. Impinj had a positive return on equity of 5.67% and a negative net margin of 7.66%.Impinj’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, analysts anticipate that Impinj will post 0.28 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Sylebra Capital Llc sold 48,504 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $150.78, for a total value of $7,313,433.12. Following the completion of the transaction, the director directly owned 973,667 shares of the company’s stock, valued at $146,809,510.26. This represents a 4.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 265,124 shares of company stock worth $36,565,887 in the last three months. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC bought a new position in shares of Impinj in the first quarter worth $28,000. Danske Bank A S bought a new stake in shares of Impinj during the fourth quarter valued at about $35,000. Advisors Asset Management Inc. lifted its holdings in Impinj by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after purchasing an additional 140 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Impinj by 41.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock worth $59,000 after purchasing an additional 100 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in Impinj in the 4th quarter valued at about $60,000.

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).