Impinj (NASDAQ:PI) Announces Earnings Results

Impinj (NASDAQ:PI) announced its quarterly earnings data on Wednesday. The company reported ($0.01) 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 Trading Down 15.2 %

Shares of PI opened at $107.76 on Friday. The stock’s 50-day moving average price is $148.65 and its two-hundred day moving average price is $173.07. Impinj has a 12 month low of $97.77 and a 12 month high of $239.88. The company has a market capitalization of $3.05 billion, a PE ratio of 121.08 and a beta of 1.88.

Insider Activity

In other Impinj news, insider Cathal G. Phelan sold 210 shares of the stock in a transaction that occurred 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 approximately $1,019,352.74. This represents a 2.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Cary Baker sold 499 shares of Impinj stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $146.06, for a total transaction of $72,883.94. Following the completion of the sale, the chief financial officer now owns 71,107 shares of the company’s stock, valued at $10,385,888.42. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 94,132 shares of company stock valued at $18,510,291. Company insiders own 51.00% of the company’s stock.

Wall Street Analysts Forecast Growth

PI has been the subject of a number of research reports. Cantor Fitzgerald dropped their target price on shares of Impinj from $260.00 to $133.00 and set an “overweight” rating for the company in a report on Thursday. Susquehanna dropped their price objective 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. Evercore ISI restated an “outperform” rating and issued a $270.00 target price (up previously from $205.00) on shares of Impinj in a research report on Thursday, October 24th. 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 report on Thursday. Finally, StockNews.com downgraded Impinj from a “hold” rating to a “sell” rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $180.10.

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.