Impinj (NASDAQ:PI) Issues Earnings Results

Impinj (NASDAQ:PI) posted its quarterly earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.49), Zacks reports. Impinj had a net margin of 8.21% and a negative return on equity of 1.64%. Impinj updated its Q1 2025 guidance to 0.060-0.110 EPS.

Impinj Stock Up 0.4 %

NASDAQ:PI traded up $0.51 during midday trading on Wednesday, hitting $127.06. The company had a trading volume of 1,532,100 shares, compared to its average volume of 678,783. The company has a market capitalization of $3.59 billion, a PE ratio of 142.76 and a beta of 1.88. Impinj has a 52-week low of $97.77 and a 52-week high of $239.88. The stock’s fifty day moving average price is $149.90 and its 200-day moving average price is $173.40.

Insider Buying and Selling at Impinj

In related news, major shareholder Sylebra Capital Llc sold 250,000 shares of Impinj stock in a transaction on Friday, November 8th. The shares were sold at an average price of $203.00, for a total value of $50,750,000.00. Following the transaction, the insider now owns 2,222,352 shares in the company, valued at $451,137,456. This trade represents a 10.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $2,319,154.69. Following the sale, the insider now owns 6,098 shares of the company’s stock, valued at approximately $1,224,539.38. The trade was a 65.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 355,681 shares of company stock worth $71,579,446 over the last 90 days. Corporate insiders own 51.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on PI. Cantor Fitzgerald raised their price target on Impinj from $205.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. The Goldman Sachs Group raised their target price on Impinj from $165.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. StockNews.com cut Impinj from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Lake Street Capital increased 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. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $235.00 price objective (up previously from $225.00) on shares of Impinj in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Impinj has a consensus rating of “Moderate Buy” and an average target price of $214.30.

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.