Impinj (PI) Expected to Announce Earnings on Wednesday

Impinj (NASDAQ:PI) is anticipated to release its Q1 2025 earnings data after the market closes on Wednesday, April 23rd. Analysts expect the company to announce 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.

Impinj (NASDAQ:PI) last released 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 return on equity of 7.11% and a net margin of 11.15%. On average, analysts expect Impinj to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Impinj Trading Up 1.5 %

Shares of PI opened at $69.67 on Tuesday. Impinj has a 12 month low of $60.85 and a 12 month high of $239.88. The stock has a fifty day moving average price of $86.89 and a 200-day moving average price of $140.44. The firm has a market cap of $1.99 billion, a PE ratio of 51.23 and a beta of 1.74.

Insider Activity at Impinj

In other news, CEO Chris Ph.D. Diorio sold 8,334 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $98.78, for a total value of $823,232.52. Following the completion of the sale, the chief executive officer now directly owns 354,076 shares in the company, valued at $34,975,627.28. The trade was a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Hussein Mecklai sold 3,739 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $98.81, for a total value of $369,450.59. Following the transaction, the chief operating officer now directly owns 70,347 shares of the company’s stock, valued at approximately $6,950,987.07. The trade was a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,857 shares of company stock worth $1,665,290. 51.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PI shares. Piper Sandler cut their price objective on shares of Impinj from $235.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. StockNews.com downgraded shares of Impinj from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. The Goldman Sachs Group cut their target price on Impinj from $200.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Susquehanna dropped their price target on Impinj from $260.00 to $220.00 and set a “positive” rating on the stock in a research note on Wednesday, January 22nd. Finally, Needham & Company LLC reduced their price objective on Impinj from $182.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $183.44.

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.