Impinj (PI) to Release Quarterly Earnings on Wednesday

Impinj (NASDAQ:PI) is set to announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Impinj has set its Q1 guidance at $0.08-$0.13 EPS and its Q1 2024 guidance at 0.080-0.130 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Impinj (NASDAQ:PI) last announced its quarterly earnings data on Thursday, February 8th. The company reported ($0.36) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.47) by $0.11. The business had revenue of $70.65 million for the quarter, compared to the consensus estimate of $67.10 million. Impinj had a negative net margin of 14.10% and a negative return on equity of 74.70%. On average, analysts expect Impinj to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Impinj Stock Performance

Shares of PI opened at $120.27 on Tuesday. The company has a debt-to-equity ratio of 8.26, a quick ratio of 5.59 and a current ratio of 8.73. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of -74.24 and a beta of 2.05. The company’s 50 day simple moving average is $116.53 and its 200 day simple moving average is $93.24. Impinj has a 1 year low of $48.39 and a 1 year high of $141.03.

Insider Transactions at Impinj

In other news, COO Hussein Mecklai sold 30,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $104.80, for a total value of $3,144,000.00. Following the completion of the sale, the chief operating officer now owns 40,489 shares of the company’s stock, valued at $4,243,247.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Hussein Mecklai sold 30,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $104.80, for a total value of $3,144,000.00. Following the completion of the transaction, the chief operating officer now directly owns 40,489 shares in the company, valued at $4,243,247.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Cary Baker sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $102.14, for a total transaction of $2,042,800.00. Following the completion of the transaction, the chief financial officer now owns 55,432 shares of the company’s stock, valued at $5,661,824.48. The disclosure for this sale can be found here. Insiders sold 120,185 shares of company stock valued at $12,767,674 over the last 90 days. Corporate insiders own 17.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PI shares. Susquehanna upped their price objective on shares of Impinj from $115.00 to $130.00 and gave the company a “positive” rating in a research note on Friday, February 9th. Roth Mkm upped their price target on shares of Impinj from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Evercore ISI started coverage on shares of Impinj in a research report on Tuesday, April 16th. They set an “outperform” rating and a $160.00 price target for the company. StockNews.com raised shares of Impinj to a “sell” rating in a research report on Friday, February 9th. Finally, The Goldman Sachs Group upped their price target on shares of Impinj from $89.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Two analysts have rated the stock with a sell rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $119.44.

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.