Impinj (NASDAQ:PI) Stock Price Up 6.4% – What’s Next?

Impinj, Inc. (NASDAQ:PI)’s share price rose 6.4% during trading on Tuesday . The company traded as high as $120.70 and last traded at $120.0440. Approximately 117,763 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 656,856 shares. The stock had previously closed at $112.86.

Analyst Upgrades and Downgrades

PI has been the subject of a number of research analyst reports. Piper Sandler reissued a “mixed” rating and issued a $180.00 target price (down from $230.00) on shares of Impinj in a report on Friday, February 6th. Needham & Company LLC reduced their target price on Impinj from $255.00 to $175.00 and set a “buy” rating for the company in a report on Friday, February 6th. Evercore reaffirmed an “in-line” rating and issued a $112.00 price objective (down from $273.00) on shares of Impinj in a report on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Impinj in a report on Tuesday. Finally, Roth Mkm cut their price objective on Impinj from $220.00 to $180.00 and set a “buy” rating for the company in a report on Monday, March 16th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $167.63.

Impinj Stock Down 1.1%

The company has a market capitalization of $3.68 billion, a PE ratio of -310.07 and a beta of 1.67. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.68 and a quick ratio of 2.01. The company has a 50-day moving average of $107.98 and a two-hundred day moving average of $150.32.

Impinj (NASDAQ:PI) last released its earnings results on Thursday, February 5th. The company reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $92.85 million for the quarter, compared to the consensus estimate of $91.87 million. Impinj had a positive return on equity of 8.49% and a negative net margin of 3.00%.Impinj’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. Sell-side analysts anticipate that Impinj, Inc. will post 0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Impinj

Institutional investors and hedge funds have recently bought and sold shares of the stock. CoreCap Advisors LLC purchased a new position in Impinj during the third quarter valued at $27,000. Hantz Financial Services Inc. lifted its position in shares of Impinj by 90.4% in the third quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after acquiring an additional 75 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of 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 acquiring an additional 84 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Impinj in the third quarter valued at about $31,000. Finally, Danske Bank A S purchased a new position in shares of Impinj in the fourth quarter valued at about $35,000.

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).