Cantor Fitzgerald Comments on Impinj FY2025 Earnings

Impinj, Inc. (NASDAQ:PI - Free Report) - Analysts at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for Impinj in a research report issued on Tuesday, January 21st. Cantor Fitzgerald analyst T. Jensen anticipates that the company will post earnings of $1.06 per share 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 analysts have also recently issued reports on the company. Piper Sandler reissued an "overweight" rating and issued a $235.00 target price (up from $225.00) on shares of Impinj in a research note on Thursday, October 24th. Lake Street Capital lifted their price objective on Impinj from $190.00 to $251.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. The Goldman Sachs Group boosted their target price on Impinj from $165.00 to $200.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Evercore ISI reaffirmed an "outperform" rating and issued a $270.00 price target (up previously from $205.00) on shares of Impinj in a research note on Thursday, October 24th. Finally, Needham & Company LLC reduced their price objective on shares of Impinj from $245.00 to $182.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $214.30.

Impinj Price Performance

PI traded up $0.73 during trading on Thursday, hitting $139.47. 1,030,877 shares of the stock traded hands, compared to its average volume of 704,427. The firm has a 50-day moving average of $159.88 and a 200 day moving average of $175.86. Impinj has a 12-month low of $95.96 and a 12-month high of $239.88. The firm has a market capitalization of $3.95 billion, a P/E ratio of 156.71 and a beta of 1.88.

Impinj (NASDAQ:PI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. Impinj had a negative return on equity of 1.64% and a net margin of 8.21%. The firm had revenue of $95.20 million during the quarter, compared to the consensus estimate of $92.86 million. During the same quarter in the previous year, the company posted ($0.36) earnings per share. The business's revenue was up 46.5% on a year-over-year basis.

Institutional Trading of Impinj

Institutional investors and hedge funds have recently modified their holdings of the business. National Bank of Canada FI bought a new position in Impinj during the third quarter valued at approximately $30,000. Farther Finance Advisors LLC lifted its holdings in shares of Impinj by 1,084.6% during 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. Future Financial Wealth Managment LLC bought a new position in shares of Impinj during the 3rd quarter valued at $54,000. Asset Management One Co. Ltd. purchased a new position in shares of Impinj in the 3rd quarter worth $138,000. Finally, USA Financial Formulas grew its holdings in shares of Impinj by 82.0% in the third quarter. USA Financial Formulas now owns 657 shares of the company's stock worth $142,000 after acquiring an additional 296 shares during the period.

Insider Transactions at Impinj

In other Impinj news, CFO Cary Baker sold 15,000 shares of Impinj stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $204.90, for a total value of $3,073,500.00. Following the completion of the transaction, the chief financial officer now directly owns 71,096 shares of the company's stock, valued at approximately $14,567,570.40. The trade was a 17.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Hussein Mecklai sold 338 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $141.02, for a total transaction of $47,664.76. Following the sale, the chief operating officer now owns 61,586 shares in the company, valued at approximately $8,684,857.72. The trade was a 0.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 655,038 shares of company stock valued at $131,064,693 in the last ninety days. 51.00% of the stock is currently owned by corporate insiders.

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.