Impinj (NASDAQ:PI) Releases Q1 2025 Earnings Guidance

Impinj (NASDAQ:PI) updated its first quarter 2025 earnings guidance on Wednesday. The company provided EPS guidance of 0.060-0.110 for the period, compared to the consensus EPS 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.

Impinj Stock Up 0.4 %

PI traded up $0.51 on Wednesday, reaching $127.06. The company had a trading volume of 1,532,100 shares, compared to its average volume of 678,783. Impinj has a 1 year low of $97.77 and a 1 year high of $239.88. The stock has a market capitalization of $3.59 billion, a PE ratio of 142.76 and a beta of 1.88. The stock has a 50-day moving average price of $149.90 and a 200-day moving average price of $173.40.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, February 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.49). Impinj had a net margin of 8.21% and a negative return on equity of 1.64%. As a group, analysts expect that Impinj will post 0.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PI has been the topic of a number of recent research reports. Needham & Company LLC cut their target price 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. Piper Sandler reaffirmed an “overweight” rating and issued a $235.00 target price (up from $225.00) on shares of Impinj in a report on Thursday, October 24th. Evercore ISI reissued an “outperform” rating and set a $270.00 price target (up previously from $205.00) on shares of Impinj in a report on Thursday, October 24th. Cantor Fitzgerald upped their price objective on Impinj from $205.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Lake Street Capital lifted their target price on Impinj from $190.00 to $251.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Impinj currently has an average rating of “Moderate Buy” and a consensus target price of $214.30.

Insider Buying and Selling

In other Impinj news, major shareholder Sylebra Capital Llc sold 250,000 shares of the firm’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 directly owns 2,222,352 shares in the company, valued at approximately $451,137,456. This trade represents a 10.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Chris Ph.D. Diorio sold 1,504 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $146.22, for a total transaction of $219,914.88. Following the completion of the sale, the chief executive officer now directly owns 331,572 shares in the company, valued at $48,482,457.84. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 355,681 shares of company stock valued at $71,579,446 over the last quarter. Company insiders own 51.00% of the company’s stock.

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.