Impinj (PI) Projected to Post Quarterly Earnings on Thursday

Impinj (NASDAQ:PI) is expected to be posting its quarterly earnings results after the market closes on Thursday, February 13th. Analysts expect Impinj to post earnings of $0.48 per share and revenue of $92.96 million for the quarter. Impinj has set its Q1 2025 guidance at 0.060-0.110 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.49). Impinj had a net margin of 8.21% and a negative return on equity of 1.64%. On average, analysts expect Impinj to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Impinj Stock Up 0.4 %

Shares of PI opened at $127.06 on Thursday. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 142.76 and a beta of 1.88. The business’s 50 day moving average is $149.90 and its two-hundred day moving average is $173.40. Impinj has a 52-week low of $97.77 and a 52-week high of $239.88.

Analyst Ratings Changes

Several analysts have issued reports on PI shares. Susquehanna cut their price objective on Impinj from $260.00 to $220.00 and set a “positive” rating on the stock in a research note on Wednesday, January 22nd. Cantor Fitzgerald upped their price target on Impinj from $205.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. The Goldman Sachs Group lifted their price objective on shares of Impinj from $165.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Evercore ISI reissued an “outperform” rating and set a $270.00 target price (up from $205.00) on shares of Impinj in a report on Thursday, October 24th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $235.00 price target (up from $225.00) on shares of Impinj in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $214.30.

Insider Buying and Selling

In other news, insider Cathal G. Phelan sold 11,549 shares of the stock in a transaction on 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 owns 6,098 shares of the company’s stock, valued at approximately $1,224,539.38. This represents a 65.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Sylebra Capital Llc sold 250,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $203.00, for a total value of $50,750,000.00. Following the transaction, the insider now directly owns 2,222,352 shares in the company, valued at $451,137,456. This trade represents a 10.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 355,681 shares of company stock valued at $71,579,446 in the last quarter. Company 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.