Impinj (NASDAQ:PI) Updates Q1 2025 Earnings Guidance

Impinj (NASDAQ:PI) updated its first quarter 2025 earnings guidance on Wednesday. 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.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PI. Needham & Company LLC lowered their price target on shares of Impinj from $245.00 to $182.00 and set a “buy” rating on the stock in a report on Friday, January 17th. StockNews.com downgraded shares of Impinj from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Piper Sandler reissued an “overweight” rating and set a $235.00 price target (up from $225.00) on shares of Impinj in a report on Thursday, October 24th. Cantor Fitzgerald increased their price target on shares of Impinj from $205.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Evercore ISI reissued an “outperform” rating and set a $270.00 price target (up from $205.00) on shares of Impinj in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $214.30.

Impinj Stock Performance

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

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 the consensus estimate of $0.48 by ($0.49). Impinj had a negative return on equity of 1.64% and a net margin of 8.21%. Analysts predict that Impinj will post 0.44 EPS for the current fiscal year.

Insiders Place Their Bets

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 transaction of $50,750,000.00. Following the sale, the insider now directly owns 2,222,352 shares in the company, valued at approximately $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 accessible through the SEC website. Also, insider Cathal G. Phelan sold 11,549 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $200.81, for a total transaction of $2,319,154.69. Following the completion of the sale, the insider now owns 6,098 shares in the company, valued at $1,224,539.38. This represents a 65.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 355,681 shares of company stock valued at $71,579,446. 51.00% of the stock is owned by corporate insiders.

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.