Roth Capital Issues Positive Forecast for Impinj Earnings

Impinj, Inc. (NASDAQ:PI) – Equities researchers at Roth Capital raised their Q4 2024 earnings per share (EPS) estimates for Impinj in a research report issued to clients and investors on Monday, January 20th. Roth Capital analyst S. Searle now anticipates that the company will post earnings of $0.06 per share for the quarter, up from their prior forecast of $0.04. The consensus estimate for Impinj’s current full-year earnings is $0.44 per share. Roth Capital also issued estimates for Impinj’s Q2 2025 earnings at $0.60 EPS, Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.36 EPS and FY2025 earnings at $1.40 EPS.

Other equities analysts also recently issued reports about the company. StockNews.com upgraded shares of Impinj from a “sell” rating to a “hold” rating in a research report on Thursday, January 16th. The Goldman Sachs Group raised their target price on Impinj from $165.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Evercore ISI reaffirmed an “outperform” rating and issued a $270.00 price target (up previously from $205.00) on shares of Impinj in a report on Thursday, October 24th. Piper Sandler restated an “overweight” rating and set a $235.00 price objective (up previously from $225.00) on shares of Impinj in a report on Thursday, October 24th. Finally, Cantor Fitzgerald increased their target price on Impinj from $205.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $214.30.

Impinj Trading Down 0.3 %

Impinj stock opened at $138.74 on Wednesday. The stock has a market cap of $3.92 billion, a P/E ratio of 155.89 and a beta of 1.88. Impinj has a 52 week low of $95.96 and a 52 week high of $239.88. The stock has a 50 day moving average of $160.82 and a 200-day moving average of $176.12.

Impinj (NASDAQ:PI) last announced its earnings results on Wednesday, October 23rd. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. Impinj had a negative return on equity of 1.64% and a net margin of 8.21%. The business had revenue of $95.20 million for the quarter, compared to the consensus estimate of $92.86 million. During the same period last year, the business posted ($0.36) EPS. The company’s revenue was up 46.5% on a year-over-year basis.

Institutional Investors Weigh In On Impinj

Institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC raised its holdings in Impinj by 7.3% in the second quarter. Hsbc Holdings PLC now owns 2,777 shares of the company’s stock worth $432,000 after purchasing an additional 190 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Impinj during the 2nd quarter worth $204,000. Xponance Inc. bought a new position in Impinj during the second quarter worth about $224,000. Marshall Wace LLP increased its holdings in shares of Impinj by 366.1% in the second quarter. Marshall Wace LLP now owns 7,924 shares of the company’s stock worth $1,242,000 after acquiring an additional 6,224 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of Impinj during the second quarter worth about $372,000.

Insiders Place Their Bets

In related news, insider Cathal G. Phelan sold 11,549 shares of Impinj stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $200.81, for a total value of $2,319,154.69. Following the completion of the transaction, the insider now directly owns 6,098 shares of the company’s stock, valued at $1,224,539.38. The trade was a 65.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Sylebra Capital Llc sold 32,031 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $195.35, for a total transaction of $6,257,255.85. Following the transaction, the insider now owns 3,021,548 shares in the company, valued at approximately $590,259,401.80. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 655,038 shares of company stock worth $131,064,693 over the last 90 days. Corporate insiders own 51.00% of the company’s stock.

Impinj Company Profile

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.