Impinj (PI) to Release Quarterly Earnings on Wednesday

Impinj (NASDAQ:PI) is expected to post its Q1 2025 quarterly earnings results 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 posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Performance

Shares of Impinj stock opened at $69.67 on Tuesday. The business’s 50 day moving average price is $86.89 and its 200 day moving average price is $140.44. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 51.23 and a beta of 1.74. Impinj has a one year low of $60.85 and a one year high of $239.88.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Cantor Fitzgerald raised shares of Impinj to a “strong-buy” rating in a research report on Thursday, February 27th. The Goldman Sachs Group dropped their price target on shares of Impinj from $200.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. StockNews.com cut Impinj from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Needham & Company LLC cut their target price on Impinj from $182.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Susquehanna lowered their price target on 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, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Impinj presently has an average rating of “Moderate Buy” and a consensus price target of $183.44.

Insider Activity

In other news, insider Cathal G. Phelan sold 565 shares of Impinj stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $98.77, for a total value of $55,805.05. Following the completion of the transaction, the insider now owns 7,925 shares in the company, valued at approximately $782,752.25. This trade represents a 6.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction of $369,450.59. Following the sale, the chief operating officer now owns 70,347 shares in the company, valued at $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 quarter, insiders sold 16,857 shares of company stock valued at $1,665,290. 51.00% of the stock is currently owned by company 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.