Cantor Fitzgerald Lifts Earnings Estimates for Impinj

Key Points

• Cantor Fitzgerald raised its earnings per share estimate for Impinj in FY2025 from ($0.19) to $0.05, maintaining an "Overweight" rating and a target price of $158.00.
• Impinj's recent quarterly earnings reported $0.80 EPS, exceeding the consensus estimate of $0.72, despite a 4.5% revenue decline year-over-year.
• Several analysts, including Evercore ISI and Piper Sandler, have increased their price targets for Impinj, with an average target price now at $163.29 reflecting a strong consensus rating of "Moderate Buy."

Impinj, Inc. (NASDAQ:PI - Free Report) - Stock analysts at Cantor Fitzgerald raised their FY2025 earnings per share estimates for Impinj in a report released on Thursday, July 31st. Cantor Fitzgerald analyst T. Jensen now forecasts that the company will earn $0.05 per share for the year, up from their previous estimate of ($0.19). Cantor Fitzgerald currently has a "Overweight" rating and a $158.00 target price on the stock. The consensus estimate for Impinj's current full-year earnings is ($0.47) per share. Cantor Fitzgerald also issued estimates for Impinj's FY2026 earnings at $0.45 EPS.

Impinj (NASDAQ:PI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.08. The business had revenue of $97.89 million during the quarter, compared to the consensus estimate of $93.78 million. Impinj had a return on equity of 8.14% and a net margin of 0.18%. The business's revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share.

Several other research analysts have also recently issued reports on PI. Evercore ISI upped their price target on Impinj from $99.00 to $117.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Needham & Company LLC upped their price target on Impinj from $115.00 to $165.00 and gave the company a "buy" rating in a report on Thursday. Piper Sandler upped their price target on Impinj from $140.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Susquehanna boosted their target price on shares of Impinj from $130.00 to $140.00 and gave the company a "positive" rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $163.29.

Impinj Stock Performance

PI opened at $152.92 on Monday. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 15,307.31 and a beta of 1.74. The company has a debt-to-equity ratio of 1.51, a current ratio of 11.64 and a quick ratio of 8.44. Impinj has a 1-year low of $60.85 and a 1-year high of $239.88. The business has a 50 day moving average price of $115.52 and a two-hundred day moving average price of $104.71.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board acquired a new position in Impinj in the fourth quarter worth about $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Impinj during the second quarter worth approximately $28,000. Harbour Investments Inc. acquired a new stake in shares of Impinj during the second quarter worth approximately $33,000. Banque Transatlantique SA acquired a new stake in shares of Impinj during the first quarter worth approximately $29,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Impinj during the second quarter worth approximately $43,000.

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.

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