Cantor Fitzgerald Predicts Impinj FY2025 Earnings

Impinj, Inc. (NASDAQ:PI) – Research analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for shares of Impinj in a research report issued on Thursday, February 27th. Cantor Fitzgerald analyst T. Jensen anticipates that the company will post earnings of ($0.90) per share for the year. Cantor Fitzgerald has a “Strong-Buy” rating on the stock. The consensus estimate for Impinj’s current full-year earnings is ($0.47) per share.

Several other research firms have also weighed in on PI. The Goldman Sachs Group cut their target price on Impinj from $200.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Piper Sandler cut their price objective on Impinj from $235.00 to $140.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. StockNews.com cut Impinj from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Needham & Company LLC dropped their price target on shares of Impinj from $182.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, Susquehanna reduced their price objective on shares of Impinj from $260.00 to $220.00 and set a “positive” rating for the company in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Impinj currently has an average rating of “Moderate Buy” and a consensus target price of $180.10.

Impinj Stock Down 9.2 %

Impinj stock opened at $87.73 on Monday. The stock has a market cap of $2.50 billion, a P/E ratio of 64.51 and a beta of 1.88. Impinj has a 12 month low of $87.20 and a 12 month high of $239.88. The company’s fifty day simple moving average is $125.75 and its 200-day simple moving average is $166.47.

Impinj (NASDAQ:PI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.48 by ($0.49). Impinj had a net margin of 11.15% and a return on equity of 7.11%.

Insider Activity at Impinj

In other news, CEO Chris Ph.D. Diorio sold 1,504 shares of Impinj stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $146.22, for a total transaction of $219,914.88. Following the sale, the chief executive officer now owns 331,572 shares of the company’s stock, valued at approximately $48,482,457.84. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Cary Baker sold 1,553 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $98.76, for a total value of $153,374.28. Following the sale, the chief financial officer now owns 76,451 shares in the company, valued at approximately $7,550,300.76. This represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,323 shares of company stock worth $2,454,588 in the last ninety days. 51.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Impinj

Large investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC grew its stake in shares of Impinj by 210.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 8,569 shares of the company’s stock valued at $1,855,000 after purchasing an additional 5,807 shares during the period. Nordea Investment Management AB bought a new stake in shares of Impinj in the 4th quarter valued at approximately $3,341,000. Thrivent Financial for Lutherans bought a new stake in shares of Impinj in the 3rd quarter valued at approximately $3,872,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Impinj in the 3rd quarter valued at approximately $846,000. Finally, Intech Investment Management LLC bought a new stake in shares of Impinj in the 3rd quarter valued at approximately $1,437,000.

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.