Cantor Fitzgerald Weighs in on Impinj FY2025 Earnings

Impinj, Inc. (NASDAQ:PI - Free Report) - Equities research analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for Impinj in a report released on Thursday, February 27th. Cantor Fitzgerald analyst T. Jensen expects that the company will post earnings of ($0.90) per share for the year. Cantor Fitzgerald has a "Strong-Buy" rating on the stock. The consensus estimate for Impinj's current full-year earnings is ($0.47) per share.

Impinj (NASDAQ:PI - Get Free Report) last announced its quarterly earnings results 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 net margin of 11.15% and a return on equity of 7.11%.

A number of other equities analysts have also commented on the stock. The Goldman Sachs Group reduced their price target on shares of Impinj from $200.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. Susquehanna reduced their target price on Impinj from $260.00 to $220.00 and set a "positive" rating on the stock in a report on Wednesday, January 22nd. StockNews.com cut Impinj from a "hold" rating to a "sell" rating in a report on Friday, January 24th. Needham & Company LLC cut their price objective on Impinj from $182.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Finally, Piper Sandler decreased their target price on Impinj from $235.00 to $140.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $180.10.

Remove Ads

Impinj Stock Performance

Shares of NASDAQ:PI traded down $2.55 on Monday, hitting $92.27. The stock had a trading volume of 350,202 shares, compared to its average volume of 520,988. The firm's 50 day moving average price is $122.39 and its 200-day moving average price is $164.97. Impinj has a twelve month low of $84.17 and a twelve month high of $239.88. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 67.85 and a beta of 1.88.

Insider Activity at Impinj

In related news, insider Cathal G. Phelan sold 210 shares of Impinj stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $146.06, for a total transaction of $30,672.60. Following the completion of the sale, the insider now directly owns 6,979 shares of the company's stock, valued at $1,019,352.74. The trade was a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Chris Ph.D. Diorio sold 8,334 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $98.78, for a total value of $823,232.52. Following the completion of the sale, the chief executive officer now owns 354,076 shares of the company's stock, valued at $34,975,627.28. This represents a 2.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,323 shares of company stock worth $2,454,588 over the last 90 days. Insiders own 51.00% of the company's stock.

Hedge Funds Weigh In On Impinj

Several institutional investors have recently modified their holdings of the stock. Hillsdale Investment Management Inc. raised its position in shares of Impinj by 0.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 24,685 shares of the company's stock valued at $3,586,000 after acquiring an additional 95 shares during the period. Louisiana State Employees Retirement System raised its holdings in Impinj by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the company's stock worth $1,612,000 after purchasing an additional 100 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Impinj by 6.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,641 shares of the company's stock worth $238,000 after purchasing an additional 106 shares during the period. National Bank of Canada FI bought a new position in shares of Impinj during the third quarter worth $30,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Impinj by 1,084.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 154 shares of the company's stock valued at $33,000 after buying an additional 141 shares during the period.

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.