Brokers Set Expectations for Impinj FY2025 Earnings

Impinj, Inc. (NASDAQ:PI) – Equities researchers 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 expects that the company will post earnings per share of $1.06 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.

Several other equities research analysts also recently weighed in on PI. Needham & Company LLC reduced their price objective on shares of Impinj from $245.00 to $182.00 and set a “buy” rating for the company in a report on Friday, January 17th. StockNews.com raised shares of Impinj from a “sell” rating to a “hold” rating in a research note on Thursday, January 16th. The Goldman Sachs Group increased their target price 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. Lake Street Capital raised their target price on shares of Impinj from $190.00 to $251.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Susquehanna cut their target price on Impinj from $260.00 to $220.00 and set a “positive” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Impinj currently has an average rating of “Moderate Buy” and an average price target of $214.30.

Impinj Trading Down 0.3 %

Shares of NASDAQ PI opened at $138.74 on Thursday. Impinj has a 12-month low of $95.96 and a 12-month high of $239.88. The company has a market cap of $3.92 billion, a PE ratio of 155.89 and a beta of 1.88. The stock has a 50 day simple moving average of $160.82 and a 200-day simple moving average of $176.12.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $92.86 million. During the same quarter in the previous year, the firm posted ($0.36) EPS. The business’s revenue for the quarter was up 46.5% compared to the same quarter last year.

Institutional Investors Weigh In On Impinj

A number of large investors have recently bought and sold shares of PI. KBC Group NV boosted its holdings in Impinj by 33.5% during the fourth quarter. KBC Group NV now owns 909 shares of the company’s stock worth $132,000 after buying an additional 228 shares during the last quarter. Jamison Private Wealth Management Inc. increased its stake in Impinj by 91.9% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 2,638 shares of the company’s stock valued at $383,000 after purchasing an additional 1,263 shares in the last quarter. Inspire Investing LLC raised its holdings in Impinj by 45.0% in the fourth quarter. Inspire Investing LLC now owns 2,752 shares of the company’s stock worth $400,000 after purchasing an additional 854 shares during the period. Harbour Capital Advisors LLC boosted its position in shares of Impinj by 14.1% during the fourth quarter. Harbour Capital Advisors LLC now owns 3,445 shares of the company’s stock worth $521,000 after purchasing an additional 425 shares in the last quarter. Finally, Diversified Trust Co grew its holdings in shares of Impinj by 11.9% in the 4th quarter. Diversified Trust Co now owns 2,251 shares of the company’s stock valued at $327,000 after buying an additional 240 shares during the period.

Insider Transactions at Impinj

In related news, major shareholder Sylebra Capital Llc sold 32,031 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were 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 of the company’s stock, valued at approximately $590,259,401.80. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Jeffrey Dossett sold 7,500 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $181.17, for a total transaction of $1,358,775.00. Following the transaction, the executive now directly owns 65,294 shares of the company’s stock, valued at $11,829,313.98. This represents a 10.30 % 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 three months. 51.00% of the stock is owned by corporate 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.