Analysts Set Impinj, Inc. (NASDAQ:PI) Target Price at $173.38

Impinj, Inc. (NASDAQ:PI) has been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $173.3750.

PI has been the subject of a number of recent analyst reports. Piper Sandler reissued a “mixed” rating and issued a $180.00 price objective (down from $230.00) on shares of Impinj in a research report on Friday, February 6th. Evercore reaffirmed an “in-line” rating and set a $112.00 target price (down from $273.00) on shares of Impinj in a research report on Friday, February 6th. Needham & Company LLC decreased their price target on Impinj from $255.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Impinj in a report on Thursday, January 22nd. Finally, Barclays dropped their price target on Impinj from $211.00 to $175.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th.

Institutional Trading of Impinj

Large investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. lifted its stake in shares of Impinj by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after buying an additional 140 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Impinj by 10.4% during the first quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock valued at $25,324,000 after buying an additional 26,388 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of Impinj in the 1st quarter valued at $223,000. Intech Investment Management LLC increased its position in shares of Impinj by 29.6% in the 1st quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock valued at $1,515,000 after acquiring an additional 3,812 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Impinj by 41.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 46,208 shares of the company’s stock worth $5,132,000 after acquiring an additional 13,472 shares during the last quarter.

Impinj Trading Up 0.4%

NASDAQ PI opened at $91.74 on Friday. Impinj has a 52 week low of $60.85 and a 52 week high of $247.06. The company has a 50 day moving average price of $140.37 and a 200 day moving average price of $166.46. 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 firm has a market cap of $2.77 billion, a PE ratio of -235.22 and a beta of 1.56.

Impinj (NASDAQ:PI) last announced 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 during the quarter, compared to the consensus estimate of $91.87 million. Impinj had a negative net margin of 3.00% and a positive return on equity of 8.49%. Impinj’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.48 earnings per share. Impinj has set its Q1 2026 guidance at 0.080-0.130 EPS. As a group, sell-side analysts forecast that Impinj will post -0.47 EPS for the current fiscal year.

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).