Impinj, Inc. (NASDAQ:PI) Stock Has Average Price Target of $185.70

Shares of Impinj, Inc. (NASDAQ:PI) have received an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $185.70.

Several research analysts have issued reports on the company. Wall Street Zen upgraded Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Zacks Research cut Impinj from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Weiss Ratings raised shares of Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Barclays increased their price target on shares of Impinj from $176.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 target price on shares of Impinj in a report on Thursday, July 30th.

Impinj Trading Up 1.0%

Impinj stock opened at $176.48 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.29 and a current ratio of 3.28. The business’s 50-day simple moving average is $176.12 and its 200-day simple moving average is $144.61. The firm has a market capitalization of $5.39 billion, a PE ratio of -191.83 and a beta of 1.94. Impinj has a 52 week low of $87.36 and a 52 week high of $245.93.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.08. The business had revenue of $112.08 million during the quarter, compared to analysts’ expectations of $107.16 million. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 EPS. Equities research analysts forecast that Impinj will post 0.37 earnings per share for the current year.

Key Headlines Impacting Impinj

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Q3 earnings and revenue beat expectations. Impinj reported adjusted earnings of $0.69 per share, above the $0.61 consensus estimate and up from $0.58 a year earlier. Revenue increased 16.7% year over year to $112.08 million, exceeding estimates of $107.16 million. Impinj Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Endpoint IC demand accelerated. Management highlighted surging endpoint IC revenue and strong customer demand for the M800 product family. The demand is prompting Impinj to ramp back-end manufacturing capacity, signaling confidence in continued RFID market growth. Impinj perks up as endpoint IC revenue surges
• Positive Sentiment: Management issued a solid fourth-quarter outlook. Impinj expects Q4 2026 revenue of $104 million to $107 million, with M800 demand a key growth driver. Investors also responded favorably to reports of record revenue and margin expansion, suggesting improving operating leverage. Impinj anticipates Q4 revenue as M800 demand drives capacity ramp
• Neutral Sentiment: Sequential revenue moderation remains a consideration. The Q4 revenue outlook is below Q3’s $112.08 million, although it reflects expected seasonality and continued year-over-year growth. Impinj remains unprofitable on a GAAP net-margin basis, which could limit upside if growth or margin expansion slows. Impinj third-quarter earnings results

Insider Transactions at Impinj

In other Impinj news, CFO Cary Baker sold 8,892 shares of the business’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $185.00, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Miron Washington sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $173.26, for a total value of $138,608.00. Following the completion of the transaction, the director directly owned 4,354 shares of the company’s stock, valued at $754,374.04. This represents a 15.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 11,121 shares of company stock worth $2,047,993 over the last quarter. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. TOP Private Wealth LLC. purchased a new position in Impinj during the 2nd quarter valued at about $25,000. Western Wealth Management LLC bought a new stake in shares of Impinj in the first quarter worth $28,000. Signaturefd LLC increased its holdings in Impinj by 72.3% during the third quarter. Signaturefd LLC now owns 162 shares of the company’s stock valued at $29,000 after buying an additional 68 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Impinj during the second quarter valued at $31,000. Finally, CoreCap Advisors LLC bought a new position in shares of Impinj during the 3rd quarter valued at approximately $37,000.

About Impinj

Impinj, Inc (NASDAQ: PI) develops technology for the Internet of Things (IoT) based on RAIN RFID, a wireless technology used to identify, locate and authenticate individual items. Its platform is designed to connect physical products, packages and assets to digital systems, helping organizations collect real-time information throughout supply chains and business operations.

The company offers a portfolio of RAIN RFID endpoint integrated circuits, reader chips, RFID readers and gateways, antennas, and cloud and software solutions.