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Impinj, Inc. (NASDAQ:PI – Free Report) – Equities researchers at Roth Capital increased their Q4 2024 earnings estimates for Impinj in a note issued to investors on Monday, January 20th. Roth Capital analyst S. Searle now anticipates that the company will post earnings per share of $0.06 for the quarter, up from their prior estimate of $0.04. The consensus estimate for Impinj’s current full-year earnings is $0.44 per share. Roth Capital also issued estimates for Impinj’s Q2 2025 earnings at $0.60 EPS, Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.36 EPS and FY2025 earnings at $1.40 EPS.
Impinj (NASDAQ:PI – Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. Impinj had a net margin of 8.21% and a negative return on equity of 1.64%. The business had revenue of $95.20 million for the quarter, compared to analysts’ expectations of $92.86 million. During the same period in the previous year, the company posted ($0.36) EPS. The company’s quarterly revenue was up 46.5% on a year-over-year basis.
Several other equities analysts have also recently issued reports on PI. Needham & Company LLC dropped their price target on Impinj from $245.00 to $182.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Cantor Fitzgerald upped their price target on Impinj from $205.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. StockNews.com upgraded shares of Impinj from a “sell” rating to a “hold” rating in a research report on Thursday, January 16th. The Goldman Sachs Group raised their target price on shares of Impinj from $165.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Piper Sandler reiterated an “overweight” rating and set a $235.00 price target (up from $225.00) on shares of Impinj in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Impinj has an average rating of “Moderate Buy” and an average price target of $214.30.
Impinj Stock Performance
NASDAQ PI opened at $139.47 on Wednesday. The firm’s fifty day moving average is $159.88 and its two-hundred day moving average is $175.86. Impinj has a one year low of $95.96 and a one year high of $239.88. The firm has a market cap of $3.95 billion, a PE ratio of 156.71 and a beta of 1.88.
Insider Buying and Selling at Impinj
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 transaction, 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 filing with the SEC, which is available through the SEC website. Also, COO Hussein Mecklai sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $204.75, for a total value of $2,047,500.00. Following the sale, the chief operating officer now owns 60,041 shares of the company’s stock, valued at $12,293,394.75. This represents a 14.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 655,038 shares of company stock worth $131,064,693 in the last quarter. 51.00% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Stordahl Capital Management Inc. bought a new position in Impinj during the 4th quarter worth approximately $363,000. KBC Group NV increased its stake in Impinj by 33.5% during the fourth quarter. KBC Group NV now owns 909 shares of the company’s stock valued at $132,000 after purchasing an additional 228 shares during the last quarter. Jamison Private Wealth Management Inc. raised its holdings in shares of Impinj by 91.9% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 2,638 shares of the company’s stock worth $383,000 after purchasing an additional 1,263 shares during the period. Inspire Investing LLC lifted its position in shares of Impinj by 45.0% in the 4th quarter. Inspire Investing LLC now owns 2,752 shares of the company’s stock worth $400,000 after buying an additional 854 shares during the last quarter. Finally, Harbour Capital Advisors LLC boosted its holdings in shares of Impinj by 14.1% in the 4th quarter. Harbour Capital Advisors LLC now owns 3,445 shares of the company’s stock valued at $521,000 after buying an additional 425 shares during the period.
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.
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