Impinj (PI) Projected to Post Quarterly Earnings on Wednesday

Impinj (NASDAQ:PI) will likely be issuing its quarterly 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.Persons interested in participating in the company’s earnings conference call can do so using this link.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, February 5th. The company reported ($0.01) earnings per share 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 Stock Down 2.4 %

Shares of PI stock opened at $66.38 on Wednesday. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 48.81 and a beta of 1.74. Impinj has a 12-month low of $60.85 and a 12-month high of $239.88. The firm has a fifty day moving average of $89.85 and a 200-day moving average of $145.02.

Insider Buying and Selling at Impinj

In other news, COO Hussein Mecklai sold 3,739 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $98.81, for a total transaction of $369,450.59. Following the transaction, the chief operating officer now directly owns 70,347 shares in the company, valued at $6,950,987.07. The trade was a 5.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Cary Baker sold 1,553 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $98.76, for a total transaction of $153,374.28. Following the completion of the sale, the chief financial officer now directly owns 76,451 shares in the company, valued at approximately $7,550,300.76. The trade was a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,857 shares of company stock worth $1,665,290. Insiders own 51.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Susquehanna dropped their price target on Impinj from $260.00 to $220.00 and set a “positive” rating on the stock in a research report on Wednesday, January 22nd. StockNews.com downgraded shares of Impinj from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Needham & Company LLC reduced their price target on shares of Impinj from $182.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Piper Sandler lowered their price objective 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. Finally, The Goldman Sachs Group cut their price objective on shares of Impinj from $200.00 to $132.00 and set a “neutral” rating on the stock 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, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average 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.