Impinj, Inc. (NASDAQ:PI - Free Report) - Research analysts at Cantor Fitzgerald raised their FY2025 earnings per share (EPS) estimates for shares of Impinj in a report issued on Monday, October 6th. Cantor Fitzgerald analyst T. Jensen now expects that the company will earn $0.16 per share for the year, up from their previous forecast of $0.05. Cantor Fitzgerald currently has a "Overweight" rating and a $217.00 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 $0.93 EPS.
A number of other brokerages have also issued reports on PI. Weiss Ratings reiterated a "sell (d)" rating on shares of Impinj in a research note on Saturday, September 27th. Barclays set a $200.00 price target on Impinj in a research note on Tuesday. Susquehanna increased their price target on Impinj from $130.00 to $140.00 and gave the stock a "positive" rating in a research note on Tuesday, July 22nd. Piper Sandler increased their price target on Impinj from $140.00 to $180.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $195.00 price target on shares of Impinj in a research note on Monday, September 15th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $179.00.
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Impinj Trading Down 1.6%
Shares of PI stock opened at $192.97 on Wednesday. Impinj has a 52-week low of $60.85 and a 52-week high of $239.88. The company has a debt-to-equity ratio of 1.51, a quick ratio of 8.44 and a current ratio of 11.64. The firm has a market capitalization of $5.61 billion, a PE ratio of 19,316.32 and a beta of 1.83. The stock has a fifty day simple moving average of $177.47 and a two-hundred day simple moving average of $128.24.
Impinj (NASDAQ:PI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.72 by $0.08. The firm had revenue of $97.89 million during the quarter, compared to analyst estimates of $93.78 million. Impinj had a return on equity of 8.14% and a net margin of 0.18%.Impinj's revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 EPS. Impinj has set its Q3 2025 guidance at 0.470-0.510 EPS.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in PI. DLD Asset Management LP bought a new position in shares of Impinj in the 2nd quarter valued at about $1,332,840,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Impinj by 304.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 972,260 shares of the company's stock worth $88,184,000 after acquiring an additional 731,817 shares during the period. Ameriprise Financial Inc. increased its position in shares of Impinj by 52.7% during the first quarter. Ameriprise Financial Inc. now owns 622,183 shares of the company's stock worth $56,431,000 after acquiring an additional 214,792 shares during the period. Granite Investment Partners LLC purchased a new position in shares of Impinj during the second quarter worth approximately $12,160,000. Finally, Duquesne Family Office LLC purchased a new stake in shares of Impinj during the first quarter valued at $9,839,000.
Insider Activity
In other Impinj news, insider Sylebra Capital Llc sold 300,000 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $196.24, for a total transaction of $58,872,000.00. Following the completion of the transaction, the insider owned 1,829,260 shares of the company's stock, valued at $358,973,982.40. This represents a 14.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Chris Ph.D. Diorio sold 5,000 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $192.30, for a total transaction of $961,500.00. Following the completion of the transaction, the chief executive officer directly owned 341,109 shares of the company's stock, valued at approximately $65,595,260.70. The trade was a 1.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 324,096 shares of company stock valued at $63,353,832 in the last three months. Insiders own 51.00% of the company's stock.
About Impinj
(
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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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