Cantor Fitzgerald Brokers Lift Earnings Estimates for Impinj

Impinj, Inc. (NASDAQ:PI - Free Report) - Research analysts at Cantor Fitzgerald increased their FY2025 earnings estimates for shares of Impinj in a report released on Thursday, April 24th. Cantor Fitzgerald analyst T. Jensen now anticipates that the company will post earnings per share of ($0.19) for the year, up from their previous forecast of ($0.90). Cantor Fitzgerald has a "Overweight" rating and a $133.00 price objective on the stock. The consensus estimate for Impinj's current full-year earnings is ($0.47) per share.

Several other equities research analysts also recently weighed in on the company. Needham & Company LLC cut their price objective on Impinj from $130.00 to $115.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Piper Sandler reduced their price target on Impinj from $140.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Susquehanna cut their target price 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. StockNews.com cut shares of Impinj from a "hold" rating to a "sell" rating in a research report on Friday, January 24th. Finally, Evercore ISI lifted their price target on shares of Impinj from $99.00 to $117.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Impinj currently has an average rating of "Moderate Buy" and a consensus price target of $160.33.

Impinj Trading Up 3.8 %

Impinj stock traded up $3.59 during mid-day trading on Monday, reaching $98.52. The company had a trading volume of 74,917 shares, compared to its average volume of 584,956. The business has a fifty day simple moving average of $84.65 and a 200 day simple moving average of $133.84. The company has a market cap of $2.86 billion, a P/E ratio of 72.14 and a beta of 1.74. Impinj has a fifty-two week low of $60.85 and a fifty-two week high of $239.88.

Impinj (NASDAQ:PI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.12. The firm had revenue of $74.28 million during the quarter, compared to analysts' expectations of $71.73 million. Impinj had a net margin of 11.15% and a return on equity of 7.11%. The business's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 earnings per share.

Institutional Trading of Impinj

A number of hedge funds and other institutional investors have recently bought and sold shares of PI. Capital International Investors lifted its holdings in shares of Impinj by 45.0% in the fourth quarter. Capital International Investors now owns 1,527,587 shares of the company's stock valued at $221,897,000 after purchasing an additional 473,721 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Impinj by 3,824.4% during the 4th quarter. Janus Henderson Group PLC now owns 435,960 shares of the company's stock valued at $63,310,000 after acquiring an additional 424,851 shares in the last quarter. Norges Bank purchased a new position in Impinj during the 4th quarter worth $40,100,000. Sylebra Capital LLC grew its stake in shares of Impinj by 8.6% in the 4th quarter. Sylebra Capital LLC now owns 3,472,116 shares of the company's stock worth $504,360,000 after acquiring an additional 274,764 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Impinj in the fourth quarter valued at about $30,697,000.

Insider Activity at Impinj

In other news, COO Hussein Mecklai sold 3,739 shares of Impinj stock in a transaction on Friday, February 21st. The shares were sold at an average price of $98.81, for a total value of $369,450.59. Following the completion of the sale, the chief operating officer now owns 70,347 shares in the company, valued at $6,950,987.07. The trade was a 5.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Cary Baker sold 1,553 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $98.76, for a total transaction of $153,374.28. Following the transaction, the chief financial officer now directly owns 76,451 shares in the company, valued at approximately $7,550,300.76. This represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,857 shares of company stock worth $1,665,290 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.