Impinj (NASDAQ:PI) Releases Earnings Results, Misses Expectations By $0.49 EPS

Impinj (NASDAQ:PI) released its quarterly earnings data on Wednesday. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.49), Zacks reports. Impinj had a negative return on equity of 1.64% and a net margin of 8.21%. Impinj updated its Q1 2025 guidance to 0.060-0.110 EPS.

Impinj Stock Down 15.2 %

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PI shares. Needham & Company LLC decreased their price objective on Impinj from $182.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday. Lake Street Capital upped their price target on shares of Impinj from $190.00 to $251.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Susquehanna reduced their price objective on Impinj from $260.00 to $220.00 and set a “positive” rating for the company in a research report on Wednesday, January 22nd. The Goldman Sachs Group decreased their target price on shares of Impinj from $200.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Evercore ISI reissued an “outperform” rating and set a $270.00 price target (up from $205.00) on shares of Impinj in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Impinj currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.10.

Insider Activity

In other news, major shareholder Sylebra Capital Llc sold 78,616 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $201.79, for a total value of $15,863,922.64. Following the transaction, the insider now owns 2,143,736 shares of the company’s stock, valued at approximately $432,584,487.44. This represents a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Jeffrey Dossett sold 7,500 shares of Impinj stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $181.17, for a total value of $1,358,775.00. Following the sale, the executive now directly owns 65,294 shares of the company’s stock, valued at approximately $11,829,313.98. The trade was a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 94,132 shares of company stock valued at $18,510,291 over the last three months. Insiders own 51.00% of the company’s stock.

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.