Impinj (PI) Projected to Post Quarterly Earnings on Wednesday

Impinj (NASDAQ:PI - Get Free Report) is projected to release its earnings data after the market closes on Wednesday, April 23rd. Analysts expect Impinj to post earnings of $0.09 per share and revenue of $71.73 million for the quarter. Impinj has set its Q1 2025 guidance at 0.060-0.110 EPS.Parties that are interested in registering for 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 11.15% and a return on equity of 7.11%. On average, analysts expect Impinj to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Impinj Stock Up 4.0 %

NASDAQ PI traded up $2.64 during trading on Friday, hitting $68.67. The company's stock had a trading volume of 671,217 shares, compared to its average volume of 582,633. Impinj has a 52 week low of $60.85 and a 52 week high of $239.88. The firm has a market cap of $1.96 billion, a P/E ratio of 50.49 and a beta of 1.74. The firm has a 50 day moving average price of $88.34 and a 200 day moving average price of $143.45.

Wall Street Analyst Weigh In

Several analysts have issued reports on PI shares. The Goldman Sachs Group decreased their price target on shares of Impinj from $200.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. Cantor Fitzgerald upgraded Impinj to a "strong-buy" rating in a research note on Thursday, February 27th. 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. 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 report on Thursday, February 6th. Finally, StockNews.com cut shares of Impinj from a "hold" rating to a "sell" rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Impinj currently has an average rating of "Moderate Buy" and a consensus price target of $183.44.

Insider Transactions at Impinj

In other news, CFO Cary Baker sold 1,553 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $98.76, for a total transaction of $153,374.28. Following the transaction, the chief financial officer now directly owns 76,451 shares in the company, valued at approximately $7,550,300.76. This represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cathal G. Phelan sold 565 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $98.77, for a total transaction of $55,805.05. Following the completion of the transaction, the insider now owns 7,925 shares of the company's stock, valued at $782,752.25. This trade represents a 6.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,857 shares of company stock valued at $1,665,290 in the last three months. 51.00% of the stock is owned by corporate 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.