Impinj (NASDAQ:PI) Updates Q1 2025 Earnings Guidance

Impinj (NASDAQ:PI) updated its first quarter 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.060-0.110 for the period, compared to the consensus earnings per share estimate of 0.430. The company issued revenue guidance of $70.0 million-$73.0 million, compared to the consensus revenue estimate of $93.3 million.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. The Goldman Sachs Group cut their price objective on Impinj from $200.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday. Lake Street Capital raised 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. Cantor Fitzgerald cut their price target on Impinj from $260.00 to $133.00 and set an “overweight” rating for the company in a report on Thursday. StockNews.com downgraded Impinj from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Finally, Susquehanna cut their price target on Impinj from $260.00 to $220.00 and set a “positive” rating for the company in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Impinj has an average rating of “Moderate Buy” and an average target price of $180.10.

Impinj Trading Down 15.2 %

PI stock traded down $19.30 during trading hours on Thursday, hitting $107.76. 4,528,744 shares of the stock were exchanged, compared to its average volume of 841,518. The firm has a market capitalization of $3.05 billion, a P/E ratio of 121.08 and a beta of 1.88. The company has a 50-day simple moving average of $148.65 and a two-hundred day simple moving average of $173.07. Impinj has a 12 month low of $97.77 and a 12 month high of $239.88.

Impinj (NASDAQ:PI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.49). Impinj had a negative return on equity of 1.64% and a net margin of 8.21%. On average, equities research analysts predict that Impinj will post 0.44 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Hussein Mecklai sold 338 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $141.02, for a total value of $47,664.76. Following the sale, the chief operating officer now directly owns 61,586 shares of the company’s stock, valued at $8,684,857.72. This trade represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Cathal G. Phelan sold 11,549 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $200.81, for a total value of $2,319,154.69. Following the completion of the sale, the insider now directly owns 6,098 shares in the company, valued at $1,224,539.38. This trade represents a 65.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 355,681 shares of company stock worth $71,579,446. Company insiders own 51.00% of the company’s stock.

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.