Cantor Fitzgerald Lowers Earnings Estimates for Impinj

Impinj, Inc. (NASDAQ:PI - Free Report) - Equities researchers at Cantor Fitzgerald lowered their FY2025 earnings estimates for shares of Impinj in a research note issued to investors on Thursday, February 6th. Cantor Fitzgerald analyst T. Jensen now anticipates that the company will post earnings per share of ($0.90) for the year, down from their previous forecast of $1.06. Cantor Fitzgerald currently has a "Overweight" rating and a $133.00 price objective on the stock. The consensus estimate for Impinj's current full-year earnings is $1.05 per share.

A number of other research analysts have also weighed in on the stock. Piper Sandler reduced their price objective on shares of Impinj from $235.00 to $140.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Lake Street Capital boosted their price objective on Impinj from $190.00 to $251.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. StockNews.com cut Impinj from a "hold" rating to a "sell" rating in a report on Friday, January 24th. Evercore ISI reaffirmed an "outperform" rating and set a $270.00 target price (up previously from $205.00) on shares of Impinj in a report on Thursday, October 24th. Finally, Needham & Company LLC lowered their price target on shares of Impinj from $182.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $180.10.

Impinj Price Performance

Shares of PI traded down $0.97 during trading hours on Monday, hitting $103.54. The company's stock had a trading volume of 411,701 shares, compared to its average volume of 832,593. The business has a 50 day simple moving average of $140.29 and a two-hundred day simple moving average of $171.07. Impinj has a 52-week low of $97.77 and a 52-week high of $239.88. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 76.13 and a beta of 1.88.

Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.01) EPS 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 7.69%.

Insider Buying and Selling

In related news, insider Cathal G. Phelan sold 210 shares of the company's stock in a transaction on Tuesday, December 24th. The shares were 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 in the company, valued at $1,019,352.74. This represents a 2.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Cary Baker sold 290 shares of the firm's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $140.96, for a total transaction of $40,878.40. Following the completion of the sale, the chief financial officer now directly owns 71,754 shares in the company, valued at approximately $10,114,443.84. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,466 shares of company stock worth $789,298. Corporate insiders own 51.00% of the company's stock.

Institutional Trading of Impinj

A number of institutional investors have recently modified their holdings of PI. FMR LLC raised its position in Impinj by 1.5% during the 3rd quarter. FMR LLC now owns 4,217,403 shares of the company's stock valued at $913,152,000 after purchasing an additional 60,461 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Impinj by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 3,442,164 shares of the company's stock valued at $500,009,000 after buying an additional 104,861 shares during the period. State Street Corp lifted its stake in Impinj by 25.7% in the third quarter. State Street Corp now owns 1,078,676 shares of the company's stock worth $233,555,000 after acquiring an additional 220,776 shares during the period. Geode Capital Management LLC boosted its holdings in Impinj by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 546,823 shares of the company's stock valued at $79,654,000 after acquiring an additional 3,899 shares in the last quarter. Finally, Norges Bank bought a new stake in Impinj in the fourth quarter valued at $40,100,000.

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.