Analysts Set Expectations for Impinj FY2025 Earnings

Impinj, Inc. (NASDAQ:PI) – Stock analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for Impinj in a research report issued to clients and investors on Tuesday, January 21st. Cantor Fitzgerald analyst T. Jensen anticipates that the company will earn $1.06 per share for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $260.00 target price on the stock. The consensus estimate for Impinj’s current full-year earnings is $0.44 per share.

PI has been the subject of a number of other research reports. The Goldman Sachs Group increased their price objective on shares of Impinj from $165.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Needham & Company LLC dropped their price target on shares of Impinj from $245.00 to $182.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Piper Sandler reaffirmed an “overweight” rating and set a $235.00 price objective (up from $225.00) on shares of Impinj in a report on Thursday, October 24th. Lake Street Capital increased their target price on Impinj from $190.00 to $251.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, StockNews.com lowered Impinj from a “hold” rating to a “sell” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, Impinj currently has an average rating of “Moderate Buy” and a consensus price target of $214.30.

Impinj Trading Down 2.3 %

PI opened at $136.21 on Thursday. The stock has a market cap of $3.85 billion, a PE ratio of 153.04 and a beta of 1.88. Impinj has a 1 year low of $95.96 and a 1 year high of $239.88. The stock’s 50 day simple moving average is $158.20 and its 200-day simple moving average is $175.41.

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

Institutional Trading of Impinj

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. National Bank of Canada FI bought a new position in shares of Impinj in the 3rd quarter valued at about $30,000. Farther Finance Advisors LLC raised its stake in shares of Impinj by 1,084.6% during the third quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock worth $33,000 after buying an additional 141 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Impinj in the third quarter valued at approximately $54,000. Spire Wealth Management bought a new position in Impinj in the fourth quarter valued at approximately $87,000. Finally, KBC Group NV grew its holdings in Impinj by 33.5% during the 4th quarter. KBC Group NV now owns 909 shares of the company’s stock worth $132,000 after acquiring an additional 228 shares during the period.

Insider Activity at Impinj

In related news, CRO Jeffrey Dossett sold 378 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $141.05, for a total value of $53,316.90. Following the completion of the transaction, the executive now owns 67,052 shares in the company, valued at $9,457,684.60. The trade was a 0.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Sylebra Capital Llc sold 32,031 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $195.35, for a total value of $6,257,255.85. Following the transaction, the insider now directly owns 3,021,548 shares in the company, valued at approximately $590,259,401.80. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 655,038 shares of company stock valued at $131,064,693 over the last ninety days. 51.00% of the stock is owned by insiders.

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.