Impinj (NASDAQ:PI) Lowered to “Strong Sell” Rating by Zacks Research

Impinj (NASDAQ:PI) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

A number of other analysts also recently commented on the stock. Piper Sandler reiterated 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. Evercore reiterated an “in-line” rating and set a $112.00 price objective (down previously from $273.00) on shares of Impinj in a research report on Friday. Weiss Ratings reissued a “sell (d)” rating on shares of Impinj in a research note on Thursday, January 22nd. Wall Street Zen lowered Impinj from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Cantor Fitzgerald reduced their target price on Impinj from $246.00 to $170.00 and set an “overweight” rating for the company in a report on Friday. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $166.56.

Impinj Trading Down 1.2%

Shares of NASDAQ:PI opened at $110.38 on Monday. The company has a quick ratio of 2.01, a current ratio of 2.68 and a debt-to-equity ratio of 0.88. The company’s 50-day moving average price is $164.98 and its 200 day moving average price is $174.10. The company has a market cap of $3.32 billion, a PE ratio of -283.02 and a beta of 1.56. Impinj has a fifty-two week low of $60.85 and a fifty-two week high of $247.06.

Impinj (NASDAQ:PI) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. Impinj had a negative net margin of 3.00% and a positive return on equity of 8.49%. The company had revenue of $92.85 million for the quarter, compared to analyst estimates of $91.87 million. During the same quarter last year, the business earned $0.48 earnings per share. Impinj’s revenue was up 1.4% compared to the same quarter last year. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. Sell-side analysts anticipate that Impinj will post -0.47 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Sylebra Capital Llc sold 134,629 shares of Impinj stock in a transaction on Monday, December 15th. The stock was sold at an average price of $150.36, for a total value of $20,242,816.44. Following the transaction, the insider owned 1,132,152 shares in the company, valued at approximately $170,230,374.72. This trade represents a 10.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 632,420 shares of company stock worth $100,029,993 in the last three months. 51.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Impinj

Hedge funds have recently added to or reduced their stakes in the business. CoreCap Advisors LLC acquired a new stake in shares of Impinj during the 3rd quarter worth approximately $27,000. Hantz Financial Services Inc. boosted its stake in Impinj by 90.4% during the third quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock worth $29,000 after acquiring an additional 75 shares in the last quarter. Bessemer Group Inc. grew its holdings in Impinj by 101.2% in the third quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock worth $31,000 after purchasing an additional 84 shares during the period. Salomon & Ludwin LLC bought a new stake in Impinj in the third quarter valued at $31,000. Finally, Danske Bank A S acquired a new position in shares of Impinj during the fourth quarter valued at about $35,000.

Impinj Company Profile

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).