Impinj (PI) Expected to Announce Quarterly Earnings on Wednesday

Impinj (NASDAQ:PI) is expected to post its quarterly earnings results after the market closes on Wednesday, April 23rd. Analysts expect Impinj to post earnings of $0.09 per share and revenue of $71.73 million for the quarter. Impinj has set its Q1 2025 guidance at 0.060-0.110 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Wednesday, February 5th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.49). Impinj had a return on equity of 7.11% and a net margin of 11.15%. On average, analysts expect Impinj to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Impinj Stock Up 4.0 %

Impinj stock opened at $68.67 on Monday. Impinj has a 52-week low of $60.85 and a 52-week high of $239.88. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 50.49 and a beta of 1.74. The firm has a 50-day moving average price of $87.58 and a two-hundred day moving average price of $141.47.

Analyst Ratings Changes

A number of brokerages recently issued reports on PI. StockNews.com lowered Impinj from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Piper Sandler decreased their price target on Impinj from $235.00 to $140.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Needham & Company LLC cut their price objective on shares of Impinj from $182.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group decreased their target price on shares of Impinj from $200.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Finally, Susquehanna dropped their price target on shares of Impinj from $260.00 to $220.00 and set a “positive” rating on the stock in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $183.44.

Insider Buying and Selling at Impinj

In related news, CFO Cary Baker sold 1,553 shares of Impinj stock in a transaction on Friday, February 21st. The stock was sold at an average price of $98.76, for a total value of $153,374.28. Following the transaction, the chief financial officer now directly owns 76,451 shares in the company, valued at $7,550,300.76. The trade was a 1.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Cathal G. Phelan sold 565 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $98.77, for a total value of $55,805.05. Following the sale, the insider now directly owns 7,925 shares of the company’s stock, valued at approximately $782,752.25. This represents a 6.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,857 shares of company stock valued at $1,665,290. 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.