Impinj, Inc. (NASDAQ:PI) Receives Consensus Rating of “Hold” from Analysts

Impinj, Inc. (NASDAQ:PI) has been given a consensus rating of “Hold” by the nine analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $175.00.

A number of equities analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. UBS Group increased their price objective on shares of Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Needham & Company LLC reiterated a “buy” rating and set a $175.00 price objective on shares of Impinj in a research note on Thursday, April 30th. Evercore set a $144.00 price objective on shares of Impinj in a research note on Thursday, April 30th. Finally, Cantor Fitzgerald dropped their price objective on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th.

Impinj Stock Performance

Shares of NASDAQ:PI opened at $152.91 on Friday. The firm has a market cap of $4.66 billion, a PE ratio of -166.21 and a beta of 1.93. The firm’s 50 day simple moving average is $110.23 and its 200-day simple moving average is $145.85. Impinj has a one year low of $87.36 and a one year high of $247.06. The company has a debt-to-equity ratio of 1.18, a quick ratio of 6.55 and a current ratio of 9.20.

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

Hedge Funds Weigh In On Impinj

A number of hedge funds and other institutional investors have recently modified their holdings of PI. Invesco Ltd. boosted its stake in shares of Impinj by 48.3% during the third quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock valued at $218,580,000 after purchasing an additional 393,685 shares in the last quarter. Norges Bank bought a new position in shares of Impinj during the fourth quarter valued at approximately $55,216,000. William Blair Investment Management LLC acquired a new stake in Impinj in the third quarter valued at approximately $36,259,000. State Street Corp boosted its stake in Impinj by 10.8% in the fourth quarter. State Street Corp now owns 1,276,893 shares of the company’s stock valued at $222,192,000 after acquiring an additional 124,792 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Impinj by 1,880.0% in the fourth quarter. BNP Paribas Financial Markets now owns 128,624 shares of the company’s stock valued at $22,382,000 after acquiring an additional 122,128 shares in the last quarter.

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).