Cantor Fitzgerald Reiterates “Overweight” Rating for Impinj (NASDAQ:PI)

Impinj (NASDAQ:PI)‘s stock had its “overweight” rating reissued by research analysts at Cantor Fitzgerald in a research note issued on Thursday,Benzinga reports. They presently have a $200.00 target price on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 32.14% from the stock’s previous close.

Other analysts also recently issued reports about the stock. UBS Group boosted their target price on shares of Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Weiss Ratings cut shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Jefferies Financial Group raised their target price on shares of Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday. Evercore set a $144.00 price target on shares of Impinj in a research report on Thursday, April 30th. Finally, Barclays upped their price target on Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Impinj has a consensus rating of “Moderate Buy” and a consensus price target of $179.22.

Impinj Trading Up 2.6%

Shares of PI stock opened at $151.36 on Thursday. The stock has a 50-day simple moving average of $137.95 and a 200 day simple moving average of $130.35. The stock has a market capitalization of $4.62 billion, a P/E ratio of -164.52 and a beta of 1.92. Impinj has a fifty-two week low of $87.36 and a fifty-two week high of $247.06. The company has a quick ratio of 6.55, a current ratio of 3.28 and a debt-to-equity ratio of 0.80.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The firm had revenue of $108.37 million for the quarter, compared to analysts’ expectations of $104.60 million. During the same period in the previous year, the business earned $0.80 earnings per share. Impinj’s revenue for the quarter was up 10.7% compared to the same quarter last year. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, sell-side analysts expect that Impinj will post 0.28 earnings per share for the current fiscal year.

Insider Transactions at Impinj

In other Impinj news, Director Sylebra Capital Llc sold 12,105 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $127.36, for a total transaction of $1,541,692.80. Following the completion of the sale, the director directly owned 782,943 shares of the company’s stock, valued at approximately $99,715,620.48. This represents a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 265,124 shares of company stock worth $36,565,887. 6.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PI. The Manufacturers Life Insurance Company lifted its position in shares of Impinj by 2,441.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company’s stock valued at $43,745,000 after acquiring an additional 409,182 shares in the last quarter. Invesco Ltd. grew its position in Impinj by 48.3% during the 3rd quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock worth $218,580,000 after purchasing an additional 393,685 shares in the last quarter. Norges Bank purchased a new position in Impinj during the 4th quarter worth approximately $55,216,000. State Street Corp raised its stake in Impinj by 10.8% during the 4th quarter. State Street Corp now owns 1,276,893 shares of the company’s stock valued at $222,192,000 after purchasing an additional 124,792 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Impinj by 1,880.0% during the 4th quarter. BNP Paribas Financial Markets now owns 128,624 shares of the company’s stock valued at $22,382,000 after purchasing an additional 122,128 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).