Impinj (NASDAQ:PI) Releases Q1 2025 Earnings Guidance

Impinj (NASDAQ:PI - Get Free Report) updated its first quarter 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.060-0.110 for the period, compared to the consensus earnings per share estimate of 0.430. The company issued revenue guidance of $70.0 million-$73.0 million, compared to the consensus revenue estimate of $93.3 million.

Analyst Ratings Changes

A number of research firms recently weighed in on PI. Needham & Company LLC dropped their price target on Impinj from $182.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday. Lake Street Capital increased their price objective on shares of Impinj from $190.00 to $251.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Cantor Fitzgerald reduced their target price on shares of Impinj from $260.00 to $133.00 and set an "overweight" rating for the company in a report on Thursday. Susquehanna decreased their price target on shares of Impinj from $260.00 to $220.00 and set a "positive" rating on the stock in a research note on Wednesday, January 22nd. Finally, StockNews.com downgraded shares of Impinj from a "hold" rating to a "sell" rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $180.10.

Impinj Price Performance

NASDAQ:PI traded down $2.38 during trading hours on Friday, reaching $105.38. 1,326,484 shares of the company were exchanged, compared to its average volume of 917,382. The business has a 50 day moving average of $145.29 and a 200 day moving average of $172.16. Impinj has a 1-year low of $97.77 and a 1-year high of $239.88. The company has a market capitalization of $2.98 billion, a P/E ratio of 77.49 and a beta of 1.88.

Impinj (NASDAQ:PI - Get Free Report) last released 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 return on equity of 7.69% and a net margin of 11.15%. As a group, equities research analysts anticipate that Impinj will post 1.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Impinj

In other Impinj news, CFO Cary Baker sold 290 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $140.96, for a total value of $40,878.40. Following the sale, the chief financial officer now owns 71,754 shares in the company, valued at $10,114,443.84. This trade represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Sylebra Capital Llc sold 78,616 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $201.79, for a total value of $15,863,922.64. Following the sale, the insider now directly owns 2,143,736 shares in the company, valued at approximately $432,584,487.44. This trade represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,132 shares of company stock valued at $18,510,291 in the last ninety days. 51.00% of the stock is currently owned by company 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.