Impinj (PI) Projected to Post Earnings on Wednesday

Impinj (NASDAQ:PI) is expected to issue its Q2 2025 quarterly earnings data before the market opens on Wednesday, July 23rd. Analysts expect the company to announce earnings of $0.72 per share and revenue of $93.78 million for the quarter. Impinj has set its Q2 2025 guidance at 0.680-0.760 EPS.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, April 23rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.12. The firm had revenue of $74.28 million during the quarter, compared to analyst estimates of $71.73 million. Impinj had a negative net margin of 0.26% and a positive return on equity of 6.45%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. On average, analysts expect Impinj to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Impinj Price Performance

NASDAQ:PI opened at $111.65 on Wednesday. The company has a debt-to-equity ratio of 1.77, a current ratio of 10.96 and a quick ratio of 7.46. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of -2,790.55 and a beta of 1.64. The company has a 50 day moving average price of $112.97 and a 200-day moving average price of $106.97. Impinj has a 1-year low of $60.85 and a 1-year high of $239.88.

Analyst Upgrades and Downgrades

PI has been the subject of several recent research reports. Needham & Company LLC cut their target price on shares of Impinj from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Evercore ISI lifted their target price on shares of Impinj from $99.00 to $117.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $133.00 target price on shares of Impinj in a report on Thursday, April 24th. Finally, Piper Sandler reissued an “overweight” rating and issued a $100.00 price target on shares of Impinj in a report on Thursday, June 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Impinj currently has an average rating of “Moderate Buy” and a consensus price target of $155.38.

Institutional Investors Weigh In On Impinj

A number of large investors have recently modified their holdings of PI. Advisors Asset Management Inc. grew its holdings in shares of Impinj by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock worth $45,000 after buying an additional 140 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of Impinj during the 1st quarter valued at about $223,000. Intech Investment Management LLC boosted its position in shares of Impinj by 29.6% during the 1st quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock valued at $1,515,000 after acquiring an additional 3,812 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Impinj by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock valued at $25,324,000 after acquiring an additional 26,388 shares during the last quarter.

About Impinj

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.