Cantor Fitzgerald Predicts Impinj FY2025 Earnings

Impinj, Inc. (NASDAQ:PI) – Research analysts at Cantor Fitzgerald issued their FY2025 EPS estimates for Impinj in a research report issued to clients and investors on Tuesday, January 21st. Cantor Fitzgerald analyst T. Jensen forecasts that the company will post earnings per share of $1.06 for the year. Cantor Fitzgerald has a “Overweight” rating and a $260.00 price objective on the stock. The consensus estimate for Impinj’s current full-year earnings is $0.44 per share.

Impinj (NASDAQ:PI) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. The business had revenue of $95.20 million during the quarter, compared to the consensus estimate of $92.86 million. Impinj had a net margin of 8.21% and a negative return on equity of 1.64%. The company’s revenue was up 46.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.36) earnings per share.

A number of other brokerages also recently issued reports on PI. StockNews.com raised shares of Impinj from a “sell” rating to a “hold” rating in a research report on Thursday, January 16th. Lake Street Capital lifted their price objective on shares of Impinj from $190.00 to $251.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Needham & Company LLC lowered their price target on shares of Impinj from $245.00 to $182.00 and set a “buy” rating on the stock in a report on Friday, January 17th. The Goldman Sachs Group raised their price target on Impinj from $165.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Susquehanna cut their target price on shares of Impinj from $260.00 to $220.00 and set a “positive” rating for the company in a research report on Wednesday. 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 data from MarketBeat.com, Impinj has a consensus rating of “Moderate Buy” and an average target price of $214.30.

Impinj Trading Down 0.3 %

Shares of PI stock opened at $138.74 on Thursday. Impinj has a 12 month low of $95.96 and a 12 month high of $239.88. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 155.89 and a beta of 1.88. The business’s 50-day moving average price is $160.82 and its 200-day moving average price is $176.12.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Impinj by 25.7% in the third quarter. State Street Corp now owns 1,078,676 shares of the company’s stock worth $233,555,000 after buying an additional 220,776 shares during the period. Principal Financial Group Inc. raised its stake in shares of Impinj by 4,013.7% during the third quarter. Principal Financial Group Inc. now owns 125,633 shares of the company’s stock valued at $27,202,000 after purchasing an additional 122,579 shares during the period. Wellington Management Group LLP acquired a new position in shares of Impinj during the third quarter worth $24,771,000. AXA S.A. purchased a new position in shares of Impinj in the second quarter valued at $11,574,000. Finally, FMR LLC grew its holdings in Impinj by 1.5% during the 3rd quarter. FMR LLC now owns 4,217,403 shares of the company’s stock valued at $913,152,000 after purchasing an additional 60,461 shares in the last quarter.

Insider Activity

In other news, major shareholder Sylebra Capital Llc sold 32,031 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $195.35, for a total value of $6,257,255.85. Following the transaction, the insider now owns 3,021,548 shares of the company’s stock, valued at approximately $590,259,401.80. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Hussein Mecklai sold 10,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $204.75, for a total transaction of $2,047,500.00. Following the sale, the chief operating officer now owns 60,041 shares in the company, valued at $12,293,394.75. The trade was a 14.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 655,038 shares of company stock valued at $131,064,693. 51.00% of the stock is currently owned by company insiders.

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.