Impinj (NASDAQ:PI) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Impinj (NASDAQ:PI) from a hold rating to a buy rating in a report issued on Saturday.

PI has been the topic of several other research reports. Weiss Ratings raised Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday. Jefferies Financial Group lifted their target price on Impinj from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday. Zacks Research upgraded Impinj from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Needham & Company LLC dropped their price target on Impinj from $175.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Evercore set a $144.00 price target on Impinj in a research report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Impinj has a consensus rating of “Moderate Buy” and a consensus target price of $179.22.

Impinj Trading Up 2.6%

Shares of PI opened at $151.36 on Friday. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of -164.52 and a beta of 1.92. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.28 and a quick ratio of 6.55. Impinj has a 1-year low of $87.36 and a 1-year high of $247.06. The company has a 50-day moving average of $137.95 and a 200 day moving average of $130.35.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $108.37 million for the quarter, compared to the consensus estimate of $104.60 million. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 EPS. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, research analysts expect that Impinj will post 0.34 EPS for the current year.

Insider Activity

In other news, Director Sylebra Capital Llc sold 48,504 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $150.78, for a total value of $7,313,433.12. Following the completion of the sale, the director owned 973,667 shares of the company’s stock, valued at $146,809,510.26. This trade represents a 4.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 265,124 shares of company stock worth $36,565,887 over the last 90 days. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Impinj

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PI. Advisors Asset Management Inc. grew 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 acquiring an additional 140 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Impinj by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock valued at $25,324,000 after purchasing an additional 26,388 shares during the last quarter. Focus Partners Wealth acquired a new stake in Impinj in the 1st quarter worth approximately $223,000. Intech Investment Management LLC boosted its stake in Impinj by 29.6% in the 1st quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock worth $1,515,000 after purchasing an additional 3,812 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Impinj during the 2nd quarter worth approximately $3,833,000.

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).