Roth Capital Issues Positive Outlook for Impinj Earnings

Impinj, Inc. (NASDAQ:PI) – Equities research analysts at Roth Capital upped their Q4 2024 EPS estimates for shares of Impinj in a note issued to investors on Monday, January 20th. Roth Capital analyst S. Searle now forecasts that the company will earn $0.06 per share for the quarter, up from their previous 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.

Several other research firms have also weighed in on PI. Lake Street Capital lifted their price target on Impinj from $190.00 to $251.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Evercore ISI reaffirmed an “outperform” rating and issued a $270.00 target price (up from $205.00) on shares of Impinj in a research report on Thursday, October 24th. Cantor Fitzgerald lifted 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. StockNews.com raised shares of Impinj from a “sell” rating to a “hold” rating in a research note on Thursday, January 16th. Finally, Needham & Company LLC decreased their target price on shares of Impinj from $245.00 to $182.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $218.30.

Impinj Stock Performance

Impinj stock opened at $139.13 on Wednesday. Impinj has a fifty-two week low of $95.96 and a fifty-two week high of $239.88. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 156.33 and a beta of 1.88. The stock’s 50 day simple moving average is $161.93 and its two-hundred day simple moving average is $176.28.

Impinj (NASDAQ:PI) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.56 earnings per share (EPS) for the quarter, topping 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 company had revenue of $95.20 million during the quarter, compared to the consensus estimate of $92.86 million. Impinj’s revenue was up 46.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.36) earnings per share.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Jamison Private Wealth Management Inc. lifted its position in shares of Impinj by 91.9% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 2,638 shares of the company’s stock worth $383,000 after buying an additional 1,263 shares in the last quarter. Inspire Investing LLC increased its stake in 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 acquiring an additional 854 shares during the last quarter. Harbour Capital Advisors LLC raised its holdings in shares of Impinj by 14.1% during the 4th quarter. Harbour Capital Advisors LLC now owns 3,445 shares of the company’s stock worth $521,000 after acquiring an additional 425 shares in the last quarter. Diversified Trust Co boosted its position in shares of Impinj by 11.9% during the 4th quarter. Diversified Trust Co now owns 2,251 shares of the company’s stock valued at $327,000 after acquiring an additional 240 shares during the last quarter. Finally, Nordea Investment Management AB purchased a new position in shares of Impinj in the fourth quarter valued at $3,341,000.

Insider Activity

In related news, COO Hussein Mecklai sold 338 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $141.02, for a total transaction of $47,664.76. Following the transaction, the chief operating officer now owns 61,586 shares in the company, valued at $8,684,857.72. This represents a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Sylebra Capital Llc sold 32,031 shares of Impinj stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $195.35, for a total transaction of $6,257,255.85. Following the completion of the sale, the insider now directly owns 3,021,548 shares of the company’s stock, valued at approximately $590,259,401.80. This trade represents a 1.05 % decrease in their position. 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 over the last 90 days. 51.00% of the stock is currently owned by 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.