Impinj (NASDAQ:PI) Stock Jumps 4.1% – Time to Buy?

Impinj, Inc. (NASDAQ:PI)’s stock price traded up 4.1% on Wednesday. The company traded as high as $189.11 and last traded at $190.9250. Approximately 302,395 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 529,427 shares. The stock had previously closed at $183.40.

Wall Street Analysts Forecast Growth

PI has been the topic of several recent analyst reports. Jefferies Financial Group boosted their price objective on Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Needham & Company LLC decreased their target price on shares of Impinj from $175.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, July 30th. BMO Capital Markets started coverage on shares of Impinj in a research report on Thursday, August 20th. They issued an “outperform” rating and a $220.00 target price on the stock. Finally, Barclays boosted their price target on shares of Impinj from $176.00 to $200.00 and gave the company an “overweight” rating in a report on Monday. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $185.70.

Impinj Stock Performance

The company has a current ratio of 3.28, a quick ratio of 2.29 and a debt-to-equity ratio of 0.80. The firm’s fifty day moving average price is $175.49 and its 200 day moving average price is $147.23. The firm has a market capitalization of $5.83 billion, a PE ratio of -207.52 and a beta of 1.94.

Impinj (NASDAQ:PI) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The company had revenue of $108.37 million during the quarter, compared to the consensus estimate of $104.60 million. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%. During the same period last year, the business earned $0.80 EPS. The business’s quarterly revenue was up 10.7% on a year-over-year basis. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, research analysts anticipate that Impinj, Inc. will post 0.37 earnings per share for the current year.

Insider Activity

In other Impinj news, Director Miron Washington sold 800 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $173.26, for a total transaction of $138,608.00. Following the completion of the sale, the director directly owned 4,354 shares in the company, valued at $754,374.04. This represents a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Cary Baker sold 8,892 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $185.00, for a total value of $1,645,020.00. Following the sale, the chief financial officer owned 80,388 shares of the company’s stock, valued at approximately $14,871,780. The trade was a 9.96% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 11,121 shares of company stock valued at $2,047,993. 6.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Impinj

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Impinj by 20.5% during the third quarter. GAMMA Investing LLC now owns 1,988 shares of the company’s stock valued at $356,000 after purchasing an additional 338 shares during the period. CoreCap Advisors LLC acquired a new position in shares of Impinj in the 3rd quarter worth approximately $37,000. Tidal Investments LLC grew its holdings in shares of Impinj by 15.8% during the second quarter. Tidal Investments LLC now owns 110,251 shares of the company’s stock worth $15,791,000 after purchasing an additional 15,046 shares during the last quarter. Squarepoint Ops LLC grew its holdings in Impinj by 120.3% during the 2nd quarter. Squarepoint Ops LLC now owns 116,850 shares of the company’s stock worth $16,736,000 after acquiring an additional 63,798 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Impinj by 1.6% in the second quarter. Arizona State Retirement System now owns 7,984 shares of the company’s stock valued at $1,144,000 after purchasing an additional 128 shares in the last quarter.

About Impinj

Impinj, Inc is a technology company that develops products and software for the Internet of Things (IoT) and connected-item applications. The company specializes in RAIN RFID, a wireless technology that uses radio waves to identify, locate and manage individual items. Its platform is designed to help businesses improve inventory visibility, supply-chain operations and asset management.

Impinj’s offerings include RFID endpoint integrated circuits, reader chips, RFID readers, gateways, antennas and software.