Impinj (NASDAQ:PI) Issues Q1 2025 Earnings Guidance

Impinj (NASDAQ:PI) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. 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 Trading Down 15.2 %

PI stock traded down $19.30 during mid-day trading on Thursday, reaching $107.76. 4,528,744 shares of the stock traded hands, compared to its average volume of 841,518. Impinj has a 52-week low of $97.77 and a 52-week high of $239.88. The company has a market cap of $3.05 billion, a P/E ratio of 121.08 and a beta of 1.88. The stock’s fifty day moving average is $148.65 and its 200-day moving average is $173.07.

Impinj (NASDAQ:PI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.01) earnings per share (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%. Equities research analysts expect that Impinj will post 0.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PI. Susquehanna dropped their price target on shares of Impinj from $260.00 to $220.00 and set a “positive” rating on the stock in a research report on Wednesday, January 22nd. Needham & Company LLC lowered their price target on shares of Impinj from $182.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday. Piper Sandler lowered their price target on shares of Impinj from $235.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday. Evercore ISI restated an “outperform” rating and issued a $270.00 target price (up previously from $205.00) on shares of Impinj in a research note on Thursday, October 24th. Finally, StockNews.com downgraded shares of Impinj from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Impinj currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.10.

Insiders Place Their Bets

In related news, CEO Chris Ph.D. Diorio sold 1,504 shares of the 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 completion of the sale, the chief executive officer now directly owns 331,572 shares of the company’s stock, valued at approximately $48,482,457.84. This represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cathal G. Phelan sold 210 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $146.06, for a total value of $30,672.60. Following the sale, the insider now directly owns 6,979 shares of the company’s stock, valued at approximately $1,019,352.74. The trade was a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 355,681 shares of company stock valued at $71,579,446. 51.00% of the stock is currently owned by 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.