Impinj (PI) to Release Earnings on Wednesday

Impinj (NASDAQ:PI) is scheduled to be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect Impinj to post earnings of $0.10 per share for the quarter. Impinj has set its Q1 guidance at $0.08-$0.13 EPS and its Q1 2024 guidance at 0.080-0.130 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Impinj (NASDAQ:PI) last posted its earnings results on Thursday, February 8th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.47) by $0.11. The firm had revenue of $70.65 million for the quarter, compared to the consensus estimate of $67.10 million. Impinj had a negative return on equity of 74.70% and a negative net margin of 14.10%. On average, analysts expect Impinj to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Impinj Trading Down 4.7 %

NASDAQ:PI opened at $116.32 on Monday. The company has a market cap of $3.22 billion, a P/E ratio of -71.80 and a beta of 2.05. The stock’s fifty day moving average price is $116.30 and its two-hundred day moving average price is $92.76. Impinj has a 1 year low of $48.39 and a 1 year high of $141.68. The company has a debt-to-equity ratio of 8.26, a current ratio of 8.73 and a quick ratio of 5.59.

Insider Activity at Impinj

In other news, CFO Cary Baker sold 1,062 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $127.61, for a total transaction of $135,521.82. Following the transaction, the chief financial officer now directly owns 67,384 shares of the company’s stock, valued at $8,598,872.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Chris Ph.D. Diorio sold 2,953 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $127.19, for a total transaction of $375,592.07. Following the transaction, the chief executive officer now directly owns 284,349 shares of the company’s stock, valued at $36,166,349.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Cary Baker sold 1,062 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $127.61, for a total value of $135,521.82. Following the transaction, the chief financial officer now directly owns 67,384 shares in the company, valued at $8,598,872.24. The disclosure for this sale can be found here. Insiders have sold a total of 120,185 shares of company stock valued at $12,767,674 over the last 90 days. 17.10% of the stock is owned by insiders.

Institutional Trading of Impinj

Several large investors have recently modified their holdings of the business. American International Group Inc. grew its stake in shares of Impinj by 1.1% in the fourth quarter. American International Group Inc. now owns 11,601 shares of the company’s stock worth $1,044,000 after purchasing an additional 122 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Impinj by 4.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,977 shares of the company’s stock worth $1,259,000 after purchasing an additional 654 shares during the last quarter. Sylebra Capital LLC grew its stake in shares of Impinj by 6.3% in the fourth quarter. Sylebra Capital LLC now owns 4,197,352 shares of the company’s stock worth $377,888,000 after purchasing an additional 248,786 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Impinj by 10.7% in the fourth quarter. Legal & General Group Plc now owns 23,993 shares of the company’s stock worth $2,160,000 after purchasing an additional 2,326 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC grew its stake in shares of Impinj by 83.9% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 28,907 shares of the company’s stock worth $2,602,000 after purchasing an additional 13,190 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Roth Mkm increased their target price on Impinj from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Susquehanna increased their price objective on Impinj from $115.00 to $130.00 and gave the stock a “positive” rating in a research report on Friday, February 9th. StockNews.com upgraded Impinj to a “sell” rating in a research report on Friday, February 9th. The Goldman Sachs Group increased their price objective on Impinj from $89.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, Canaccord Genuity Group increased their price objective on Impinj from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Impinj presently has an average rating of “Moderate Buy” and an average price target of $119.44.

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.