What is Roth Capital’s Forecast for Impinj FY2024 Earnings?

Impinj, Inc. (NASDAQ:PI) – Roth Capital issued their FY2024 earnings per share (EPS) estimates for Impinj in a research note issued on Monday, January 20th. Roth Capital analyst S. Searle expects that the company will earn $0.44 per share for the year. The consensus estimate for Impinj’s current full-year earnings is $0.44 per share. Roth Capital also issued estimates for Impinj’s Q1 2025 earnings at $0.03 EPS.

PI has been the subject of several other research reports. Cantor Fitzgerald upped their price target on shares of Impinj from $205.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. The Goldman Sachs Group increased their target price on Impinj from $165.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Lake Street Capital lifted their price target on Impinj from $190.00 to $251.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Piper Sandler reissued an “overweight” rating and issued a $235.00 price objective (up from $225.00) on shares of Impinj in a research note on Thursday, October 24th. Finally, StockNews.com upgraded Impinj from a “sell” rating to a “hold” rating in a research report on Thursday, January 16th. 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 MarketBeat.com, Impinj currently has an average rating of “Moderate Buy” and a consensus target price of $214.30.

Impinj Stock Performance

NASDAQ PI opened at $138.74 on Thursday. The stock has a market capitalization of $3.92 billion, a P/E ratio of 155.89 and a beta of 1.88. The business’s fifty day moving average is $160.82 and its two-hundred day moving average is $176.12. Impinj has a 1 year low of $95.96 and a 1 year high of $239.88.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.48 by $0.08. Impinj had a net margin of 8.21% and a negative return on equity of 1.64%. The firm 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 business earned ($0.36) earnings per share. Impinj’s revenue for the quarter was up 46.5% compared to the same quarter last year.

Hedge Funds Weigh In On Impinj

A number of institutional investors have recently made changes to their positions in PI. National Bank of Canada FI acquired a new stake in shares of Impinj during the 3rd quarter worth approximately $30,000. Farther Finance Advisors LLC boosted its holdings in Impinj by 1,084.6% during the third quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock valued at $33,000 after purchasing an additional 141 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Impinj during the third quarter valued at approximately $54,000. KBC Group NV grew its stake in shares of Impinj by 33.5% in the 4th 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 period. Finally, Asset Management One Co. Ltd. acquired a new position in shares of Impinj in the 3rd quarter worth approximately $138,000.

Insider Transactions at Impinj

In other Impinj news, major shareholder Sylebra Capital Llc sold 32,031 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $195.35, for a total transaction of $6,257,255.85. Following the transaction, the insider now directly owns 3,021,548 shares of the company’s stock, valued at $590,259,401.80. This represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Chris Ph.D. Diorio sold 34,474 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $201.51, for a total value of $6,946,855.74. Following the completion of the sale, the chief executive officer now directly owns 294,438 shares of the company’s stock, valued at $59,332,201.38. This represents a 10.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 655,038 shares of company stock valued at $131,064,693 in the last three months. Corporate 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.