Impinj (PI) Expected to Announce Quarterly Earnings on Thursday

Impinj (NASDAQ:PI) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 13th. Analysts expect the company to announce 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.Persons interested in participating in the company’s earnings conference call can do so using this link.

Impinj (NASDAQ:PI) last released its quarterly earnings results on Wednesday, February 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.49). Impinj had a net margin of 11.15% and a return on equity of 7.69%. On average, analysts expect Impinj to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Impinj Trading Down 0.5 %

Shares of NASDAQ PI opened at $104.84 on Tuesday. The firm has a 50 day moving average of $145.29 and a 200 day moving average of $172.30. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 77.09 and a beta of 1.88. Impinj has a 12-month low of $97.77 and a 12-month high of $239.88.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PI shares. The Goldman Sachs Group cut their price objective on Impinj from $200.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Lake Street Capital increased their price objective on shares of Impinj from $190.00 to $251.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Evercore ISI reaffirmed an “outperform” rating and issued a $270.00 target price (up previously from $205.00) on shares of Impinj in a report on Thursday, October 24th. Piper Sandler decreased their price target on Impinj from $235.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, Needham & Company LLC dropped their price objective on Impinj from $182.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Impinj presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.10.

Insider Activity

In other Impinj news, CEO Chris Ph.D. Diorio sold 1,504 shares of the stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $146.22, for a total transaction of $219,914.88. Following the completion of the transaction, the chief executive officer now owns 331,572 shares in the company, valued at $48,482,457.84. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Jeffrey Dossett sold 7,500 shares of Impinj stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $181.17, for a total value of $1,358,775.00. Following the completion of the transaction, the executive now owns 65,294 shares of the company’s stock, valued at approximately $11,829,313.98. This represents a 10.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,516 shares of company stock worth $2,646,368 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.