Impinj (NASDAQ:PI) Posts Earnings Results

Impinj (NASDAQ:PI) posted its earnings results on Wednesday. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates 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 Trading Down 10.3 %

PI traded down $13.10 on Thursday, reaching $113.96. The stock had a trading volume of 2,430,718 shares, compared to its average volume of 740,769. The business’s 50-day moving average price is $149.90 and its two-hundred day moving average price is $173.40. Impinj has a 12-month low of $97.77 and a 12-month high of $239.88. The company has a market cap of $3.22 billion, a P/E ratio of 127.75 and a beta of 1.88.

Insider Activity

In related news, COO Hussein Mecklai sold 338 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $141.02, for a total transaction of $47,664.76. Following the completion of the sale, the chief operating officer now directly owns 61,586 shares in the company, valued at approximately $8,684,857.72. This trade represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Sylebra Capital Llc sold 250,000 shares of the business’s stock in a transaction dated 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 355,681 shares of company stock worth $71,579,446 over the last three months. 51.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Piper Sandler lowered their target price on shares of Impinj from $235.00 to $140.00 and set an “overweight” rating for the company in a report on Thursday. Lake Street Capital increased their price target on Impinj from $190.00 to $251.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Needham & Company LLC cut their price objective on Impinj from $182.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday. StockNews.com lowered Impinj from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Finally, Cantor Fitzgerald cut their price target on shares of Impinj from $260.00 to $133.00 and set an “overweight” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Impinj has a consensus rating of “Moderate Buy” and an average target price of $186.90.

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.