Cantor Fitzgerald Estimates Impinj FY2025 Earnings

Impinj, Inc. (NASDAQ:PI) – Stock analysts at Cantor Fitzgerald issued their FY2025 EPS estimates for shares of Impinj in a report issued on Thursday, February 27th. Cantor Fitzgerald analyst T. Jensen forecasts that the company will earn ($0.90) per share for the year. Cantor Fitzgerald currently has a “Strong-Buy” rating on the stock. The consensus estimate for Impinj’s current full-year earnings is ($0.47) per share.

A number of other brokerages also recently weighed in on PI. Susquehanna dropped their target price on shares of Impinj from $260.00 to $220.00 and set a “positive” rating for the company in a research note on Wednesday, January 22nd. StockNews.com cut shares of Impinj from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Piper Sandler lowered their price target on shares of Impinj from $235.00 to $140.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Needham & Company LLC lowered their price target on shares of Impinj from $182.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group lowered their price target on shares of Impinj from $200.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $180.10.

Impinj Stock Up 5.7 %

Shares of PI stock opened at $96.66 on Monday. Impinj has a 12-month low of $89.43 and a 12-month high of $239.88. The company has a market capitalization of $2.76 billion, a P/E ratio of 71.07 and a beta of 1.88. The firm has a 50-day moving average price of $126.92 and a 200 day moving average price of $167.00.

Impinj (NASDAQ:PI) last posted its 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%.

Insider Activity

In other Impinj news, CEO Chris Ph.D. Diorio sold 8,334 shares of Impinj stock in a transaction on Friday, February 21st. The shares were sold at an average price of $98.78, for a total transaction of $823,232.52. Following the transaction, the chief executive officer now directly owns 354,076 shares of the company’s stock, valued at $34,975,627.28. The trade was a 2.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cathal G. Phelan sold 210 shares of Impinj stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $146.06, for a total transaction of $30,672.60. Following the transaction, the insider now directly owns 6,979 shares in the company, valued at $1,019,352.74. This represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,323 shares of company stock worth $2,454,588 in the last quarter. 51.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Impinj

Several institutional investors have recently added to or reduced their stakes in PI. Capital International Investors increased its position in shares of Impinj by 45.0% during the fourth quarter. Capital International Investors now owns 1,527,587 shares of the company’s stock valued at $221,897,000 after buying an additional 473,721 shares during the period. Janus Henderson Group PLC grew its position in Impinj by 3,824.4% during the fourth quarter. Janus Henderson Group PLC now owns 435,960 shares of the company’s stock valued at $63,310,000 after acquiring an additional 424,851 shares during the last quarter. Norges Bank bought a new position in Impinj during the fourth quarter valued at approximately $40,100,000. Sylebra Capital LLC grew its position in Impinj by 8.6% during the fourth quarter. Sylebra Capital LLC now owns 3,472,116 shares of the company’s stock valued at $504,360,000 after acquiring an additional 274,764 shares during the last quarter. Finally, State Street Corp grew its position in Impinj by 25.7% during the third quarter. State Street Corp now owns 1,078,676 shares of the company’s stock valued at $233,555,000 after acquiring an additional 220,776 shares during the last quarter.

About Impinj

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.