Barclays Forecasts Strong Price Appreciation for Impinj (NASDAQ:PI) Stock

Impinj (NASDAQ:PI) had its target price hoisted by equities researchers at Barclays from $176.00 to $200.00 in a report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 4.57% from the stock’s previous close.

PI has been the subject of a number of other reports. Zacks Research downgraded Impinj from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 target price on shares of Impinj in a research note on Thursday, July 30th. BMO Capital Markets initiated coverage on Impinj in a research note on Thursday, August 20th. They issued an “outperform” rating and a $220.00 target price on the stock. Needham & Company LLC reduced 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. Finally, 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 note on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $185.70.

Impinj Stock Up 0.9%

Shares of PI stock traded up $1.63 during trading hours on Monday, hitting $191.26. 134,044 shares of the company were exchanged, compared to its average volume of 529,344. The company has a market capitalization of $5.84 billion, a PE ratio of -207.94 and a beta of 1.94. The company has a current ratio of 3.28, a quick ratio of 2.29 and a debt-to-equity ratio of 0.80. Impinj has a 52 week low of $87.36 and a 52 week high of $247.06. The business has a 50 day moving average of $174.60 and a two-hundred day moving average of $146.05.

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

Insider Activity at Impinj

In other Impinj news, Director Miron Washington sold 800 shares of the business’s 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 transaction, the director owned 4,354 shares of the company’s stock, valued at $754,374.04. The trade was a 15.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Cary Baker sold 8,892 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $185.00, for a total value of $1,645,020.00. Following the transaction, the chief financial officer directly owned 80,388 shares in the company, valued at $14,871,780. This trade represents a 9.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,121 shares of company stock valued at $2,047,993 over the last three months. Insiders own 6.80% of the company’s stock.

Institutional Trading of Impinj

Several institutional investors and hedge funds have recently added to or reduced their stakes in PI. Janus Henderson Group PLC grew its position in shares of Impinj by 40.1% in the 1st quarter. Janus Henderson Group PLC now owns 28,014 shares of the company’s stock valued at $2,877,000 after acquiring an additional 8,023 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Impinj by 2,441.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company’s stock worth $43,745,000 after purchasing an additional 409,182 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Impinj during the 2nd quarter worth about $637,286,000. Polar Asset Management Partners Inc. raised its holdings in shares of Impinj by 25.6% in the 1st quarter. Polar Asset Management Partners Inc. now owns 136,656 shares of the company’s stock valued at $14,035,000 after purchasing an additional 27,845 shares during the period. Finally, Fifth Third Bancorp raised its holdings in shares of Impinj by 4,821.8% in the 1st quarter. Fifth Third Bancorp now owns 8,564 shares of the company’s stock valued at $880,000 after purchasing an additional 8,390 shares during the period.

Impinj Company Profile

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.