Impinj (NASDAQ:PI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Impinj (NASDAQ:PI) from a hold rating to a buy rating in a report released on Saturday morning.

A number of other brokerages have also weighed in on PI. UBS Group upped their target price on shares of Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Barclays raised their price objective on Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Jefferies Financial Group lifted their target price on Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday. Evercore set a $144.00 price target on Impinj in a research note on Thursday, April 30th. Finally, Zacks Research upgraded Impinj from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Impinj has an average rating of “Moderate Buy” and a consensus target price of $179.22.

Impinj Stock Performance

NASDAQ:PI opened at $161.44 on Friday. 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 12-month low of $87.36 and a 12-month high of $247.06. The stock has a 50-day moving average price of $138.18 and a 200 day moving average price of $129.57. The stock has a market capitalization of $4.93 billion, a P/E ratio of -175.48 and a beta of 1.94.

Impinj (NASDAQ:PI) last posted its quarterly 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. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The company had revenue of $108.37 million for the quarter, compared to analysts’ expectations of $104.60 million. During the same period in the previous year, the firm earned $0.80 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. Equities research analysts forecast that Impinj will post 0.34 EPS for the current fiscal year.

Insider Activity

In other news, Director Sylebra Capital Llc sold 12,105 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $127.36, for a total value of $1,541,692.80. Following the completion of the sale, the director owned 782,943 shares in the company, valued at approximately $99,715,620.48. This trade represents a 1.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 265,124 shares of company stock valued at $36,565,887. 6.80% of the stock is owned by company insiders.

Institutional Trading of Impinj

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC purchased a new position in shares of Impinj during the first quarter valued at approximately $28,000. Danske Bank A S bought a new stake in shares of Impinj during the 4th quarter worth approximately $35,000. Advisors Asset Management Inc. lifted its stake in shares of Impinj by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after acquiring an additional 140 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Impinj by 41.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock valued at $59,000 after acquiring an additional 100 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Impinj during the 4th quarter valued at $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).