Impinj (PI) Projected to Post Quarterly Earnings on Thursday

Impinj (NASDAQ:PI - Get Free Report) is expected to release its earnings data after the market closes on Thursday, February 13th. Analysts expect Impinj to post earnings of $0.48 per share and revenue of $92.96 million for the quarter. Impinj has set its Q1 2025 guidance at 0.060-0.110 EPS.Persons that wish to register for the company's earnings conference call can do so using this link.

Impinj (NASDAQ:PI - Get Free Report) last issued its 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 return on equity of 7.69% and a net margin of 11.15%. On average, analysts expect Impinj to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Impinj Trading Down 2.2 %

PI traded down $2.38 during trading on Friday, hitting $105.38. 1,326,484 shares of the company traded hands, compared to its average volume of 917,382. The company has a market cap of $2.98 billion, a PE ratio of 77.49 and a beta of 1.88. Impinj has a 1 year low of $97.77 and a 1 year high of $239.88. The stock's 50-day simple moving average is $145.29 and its two-hundred day simple moving average is $172.16.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PI. The Goldman Sachs Group dropped their price target on Impinj from $200.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday. Evercore ISI reissued an "outperform" rating and issued a $270.00 target price (up from $205.00) on shares of Impinj in a report on Thursday, October 24th. Cantor Fitzgerald decreased their target price on shares of Impinj from $260.00 to $133.00 and set an "overweight" rating on the stock in a research report on Thursday. StockNews.com downgraded Impinj from a "hold" rating to a "sell" rating in a research report on Friday, January 24th. Finally, Susquehanna lowered their target price on shares of Impinj from $260.00 to $220.00 and set a "positive" rating for the company in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Impinj presently has a consensus rating of "Moderate Buy" and an average target price of $180.10.

Insider Buying and Selling

In related news, major shareholder Sylebra Capital Llc sold 78,616 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $201.79, for a total transaction of $15,863,922.64. Following the completion of the sale, the insider now directly owns 2,143,736 shares in the company, valued at $432,584,487.44. This represents a 3.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Cathal G. Phelan sold 210 shares of Impinj stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $146.06, for a total value of $30,672.60. Following the completion of the transaction, the insider now owns 6,979 shares in the company, valued at $1,019,352.74. This trade represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 94,132 shares of company stock valued at $18,510,291 over the last three months. 51.00% of the stock is owned by company 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.