Roth Capital Has Optimistic Outlook of Impinj Q4 Earnings

Impinj, Inc. (NASDAQ:PI) – Equities researchers at Roth Capital increased their Q4 2024 earnings estimates for shares of Impinj in a report issued 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 previous 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.

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

A number of other research firms have also weighed in on PI. 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 report on Thursday, October 24th. The Goldman Sachs Group raised their price target on Impinj from $165.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Needham & Company LLC cut their price objective on Impinj from $245.00 to $182.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Piper Sandler reiterated an “overweight” rating and set a $235.00 target price (up from $225.00) on shares of Impinj in a research report on Thursday, October 24th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $270.00 price target (up previously from $205.00) on shares of Impinj in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $214.30.

Impinj Stock Performance

Shares of Impinj stock opened at $139.47 on Wednesday. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 156.71 and a beta of 1.88. The stock has a 50 day moving average price of $159.88 and a 200-day moving average price of $175.86. Impinj has a one year low of $95.96 and a one year high of $239.88.

Institutional Trading of Impinj

Several hedge funds have recently made changes to their positions in the company. National Bank of Canada FI purchased a new stake in Impinj in the third quarter valued at approximately $30,000. Farther Finance Advisors LLC boosted its holdings in Impinj by 1,084.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock valued at $33,000 after acquiring an additional 141 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Impinj in the 3rd quarter valued at about $54,000. KBC Group NV increased its stake 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 buying an additional 228 shares during the period. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Impinj in the third quarter valued at $138,000.

Insider Transactions at Impinj

In other news, COO Hussein Mecklai sold 338 shares of Impinj stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $141.02, for a total value of $47,664.76. Following the sale, the chief operating officer now directly owns 61,586 shares of the company’s stock, valued at $8,684,857.72. The trade was a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Cathal G. Phelan sold 210 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $146.06, for a total transaction of $30,672.60. Following the sale, the insider now directly owns 6,979 shares of the company’s stock, valued at approximately $1,019,352.74. This represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 655,038 shares of company stock valued at $131,064,693 in the last 90 days. 51.00% of the stock is currently owned by company 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.