Impinj (PI) Expected to Announce Quarterly Earnings on Wednesday

Impinj (NASDAQ:PI - Get Free Report) is anticipated to issue its Q4 2024 quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.48 per share and revenue of $93.01 million for the quarter. Impinj has set its Q1 2025 guidance at 0.060-0.110 EPS.Investors that wish to listen to the company's conference call can do so using this link.

Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly 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 8.21% and a negative return on equity of 1.64%. On average, analysts expect Impinj to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Impinj Stock Performance

Shares of NASDAQ PI traded down $19.30 during mid-day trading on Thursday, reaching $107.76. The company had a trading volume of 4,528,744 shares, compared to its average volume of 841,518. Impinj has a one year low of $97.77 and a one year high of $239.88. The business's 50-day simple moving average is $148.65 and its 200 day simple moving average is $173.07. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 121.08 and a beta of 1.88.

Insider Activity at Impinj

In other news, major shareholder Sylebra Capital Llc sold 250,000 shares of the business's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $203.00, for a total value of $50,750,000.00. Following the transaction, the insider now directly owns 2,222,352 shares of the company's stock, valued at $451,137,456. The trade was a 10.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Cathal G. Phelan sold 11,549 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $200.81, for a total value of $2,319,154.69. Following the sale, the insider now owns 6,098 shares in the company, valued at approximately $1,224,539.38. The trade was a 65.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 355,681 shares of company stock worth $71,579,446 over the last three months. Company insiders own 51.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PI shares. Lake Street Capital upped their price target on shares of Impinj from $190.00 to $251.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Cantor Fitzgerald reduced their target price on Impinj from $260.00 to $133.00 and set an "overweight" rating on the stock in a report on Thursday. The Goldman Sachs Group lowered their price target on Impinj from $200.00 to $132.00 and set a "neutral" rating for the company in a report on Thursday. StockNews.com lowered Impinj from a "hold" rating to a "sell" rating in a research note on Friday, January 24th. Finally, Evercore ISI reissued an "outperform" rating and issued a $270.00 target price (up previously from $205.00) on shares of Impinj in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Impinj currently has a consensus rating of "Moderate Buy" and an average target price 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.