Impinj (NASDAQ:PI) Issues Q1 2025 Earnings Guidance

Impinj (NASDAQ:PI) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.060-0.110 for the period, compared to the consensus earnings per share estimate of 0.430. The company issued revenue guidance of $70.0 million-$73.0 million, compared to the consensus revenue estimate of $93.3 million.

Impinj Stock Up 0.4 %

Shares of NASDAQ:PI traded up $0.51 during mid-day trading on Wednesday, reaching $127.06. 1,532,100 shares of the stock were exchanged, compared to its average volume of 678,783. The company has a market cap of $3.59 billion, a P/E ratio of 142.76 and a beta of 1.88. Impinj has a one year low of $97.77 and a one year high of $239.88. The stock’s 50 day simple moving average is $149.90 and its 200-day simple moving average is $173.40.

Impinj (NASDAQ:PI) last released its quarterly earnings data 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 8.21% and a negative return on equity of 1.64%. Analysts anticipate that Impinj will post 0.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PI has been the topic of several recent analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $235.00 price target (up previously from $225.00) on shares of Impinj in a research note on Thursday, October 24th. Susquehanna reduced 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. The Goldman Sachs Group boosted their price objective on Impinj from $165.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Evercore ISI reaffirmed an “outperform” rating and set a $270.00 price target (up from $205.00) on shares of Impinj in a research note on Thursday, October 24th. Finally, StockNews.com lowered Impinj from a “hold” rating to a “sell” rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $214.30.

Insider Buying and Selling

In other Impinj news, major shareholder Sylebra Capital Llc sold 250,000 shares of the business’s 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 sale, the insider now owns 2,222,352 shares in the company, valued at $451,137,456. The trade was 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, CEO Chris Ph.D. Diorio sold 1,504 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $146.22, for a total transaction of $219,914.88. Following the sale, the chief executive officer now owns 331,572 shares in the company, valued at $48,482,457.84. This represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 355,681 shares of company stock worth $71,579,446 in the last three months. Insiders own 51.00% of the company’s stock.

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.