Impinj (PI) Expected to Announce Quarterly Earnings on Thursday

Impinj (NASDAQ:PI) is projected to post its quarterly earnings results after the market closes on Thursday, February 13th. Analysts expect Impinj to post 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.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, February 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate 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 Price Performance

Shares of PI opened at $106.33 on Wednesday. The firm has a market cap of $3.01 billion, a PE ratio of 78.18 and a beta of 1.88. The stock’s fifty day moving average price is $143.63 and its two-hundred day moving average price is $171.92. Impinj has a 1 year low of $97.77 and a 1 year high of $239.88.

Insiders Place Their Bets

In other news, CRO Jeffrey Dossett sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was 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 approximately $11,829,313.98. The trade was a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Chris Ph.D. Diorio sold 1,504 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $146.22, for a total value of $219,914.88. Following the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders have sold 12,966 shares of company stock valued at $2,148,073 in the last ninety days. Company insiders own 51.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PI. Needham & Company LLC decreased their price objective on Impinj from $182.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Cantor Fitzgerald decreased their price objective on Impinj from $260.00 to $133.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Piper Sandler decreased their price objective on Impinj from $235.00 to $140.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. StockNews.com lowered Impinj from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Finally, The Goldman Sachs Group decreased their price objective on Impinj from $200.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.10.

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.