Impinj (NASDAQ:PI) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Impinj (NASDAQ:PI) from a buy rating to a hold rating in a research note released on Saturday.

A number of other equities research analysts have also recently weighed in on the stock. Evercore set a $144.00 price target on shares of Impinj in a research report on Thursday, April 30th. UBS Group raised their price objective on Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Needham & Company LLC reiterated a “buy” rating and set a $175.00 target price on shares of Impinj in a research report on Thursday, April 30th. Zacks Research raised Impinj from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, Weiss Ratings cut Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Impinj currently has an average rating of “Hold” and an average price target of $175.00.

Impinj Stock Performance

Shares of Impinj stock opened at $137.72 on Friday. The company has a quick ratio of 6.55, a current ratio of 9.20 and a debt-to-equity ratio of 1.18. Impinj has a 52 week low of $87.36 and a 52 week high of $247.06. The firm’s 50 day moving average is $138.92 and its two-hundred day moving average is $133.25. The firm has a market capitalization of $4.19 billion, a P/E ratio of -149.70 and a beta of 1.92.

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

Insider Buying and Selling at Impinj

In related news, Director Sylebra Capital Llc sold 12,105 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total transaction of $1,541,692.80. Following the transaction, the director owned 782,943 shares of the company’s stock, valued at $99,715,620.48. This trade represents a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 265,124 shares of company stock worth $36,565,887 in the last three months. 6.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Impinj

A number of hedge funds have recently added to or reduced their stakes in PI. Wealth Enhancement Advisory Services LLC lifted its position in Impinj by 85.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,889 shares of the company’s stock valued at $5,775,000 after purchasing an additional 13,759 shares during the period. Intech Investment Management LLC boosted its holdings in Impinj by 63.5% in the 4th quarter. Intech Investment Management LLC now owns 18,532 shares of the company’s stock valued at $3,225,000 after purchasing an additional 7,194 shares in the last quarter. Aberdeen Group plc increased its position in Impinj by 193.8% during the 4th quarter. Aberdeen Group plc now owns 68,387 shares of the company’s stock worth $11,900,000 after purchasing an additional 45,112 shares during the period. Baillie Gifford & Co. acquired a new position in Impinj during the 4th quarter worth approximately $17,880,000. Finally, Stephens Investment Management Group LLC increased its position in Impinj by 36.4% during the 1st quarter. Stephens Investment Management Group LLC now owns 79,531 shares of the company’s stock worth $8,168,000 after purchasing an additional 21,205 shares during the period.

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).