Cantor Fitzgerald Comments on Impinj FY2025 Earnings

Impinj, Inc. (NASDAQ:PIFree Report) – Equities researchers at Cantor Fitzgerald issued their FY2025 earnings estimates for shares of Impinj in a note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst T. Jensen expects that the company will post earnings per share of $1.06 for the year. Cantor Fitzgerald has a “Overweight” rating and a $260.00 price target on the stock. The consensus estimate for Impinj’s current full-year earnings is $0.44 per share.

Impinj (NASDAQ:PIGet Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. The business had revenue of $95.20 million during the quarter, compared to analysts’ expectations of $92.86 million. Impinj had a net margin of 8.21% and a negative return on equity of 1.64%. The firm’s quarterly revenue was up 46.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.36) EPS.

PI has been the topic of several other research reports. Needham & Company LLC cut their price objective on Impinj from $245.00 to $182.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Piper Sandler reiterated an “overweight” rating and issued a $235.00 price target (up previously from $225.00) on shares of Impinj in a report on Thursday, October 24th. Lake Street Capital raised their price objective on shares of Impinj from $190.00 to $251.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Evercore ISI reaffirmed an “outperform” rating and issued a $270.00 target price (up from $205.00) on shares of Impinj in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group lifted their price target on Impinj from $165.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Impinj presently has an average rating of “Moderate Buy” and an average target price of $214.30.

Get Our Latest Stock Analysis on Impinj

Impinj Trading Up 0.5 %

NASDAQ:PI opened at $139.47 on Thursday. Impinj has a 1 year low of $95.96 and a 1 year high of $239.88. The stock has a 50-day moving average price of $159.88 and a two-hundred day moving average price of $175.86. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 156.71 and a beta of 1.88.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. National Bank of Canada FI bought a new stake in shares of Impinj during the third quarter worth approximately $30,000. Farther Finance Advisors LLC boosted its stake in Impinj by 1,084.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock valued at $33,000 after purchasing an additional 141 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Impinj in the 3rd quarter valued at $54,000. Asset Management One Co. Ltd. acquired a new stake in shares of Impinj during the third quarter worth $138,000. Finally, USA Financial Formulas boosted its position in shares of Impinj by 82.0% in the third quarter. USA Financial Formulas now owns 657 shares of the company’s stock valued at $142,000 after acquiring an additional 296 shares during the period.

Insiders Place Their Bets

In other Impinj news, COO Hussein Mecklai sold 338 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $141.02, for a total value of $47,664.76. Following the completion of the sale, the chief operating officer now owns 61,586 shares in the company, valued at $8,684,857.72. This trade represents a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Cathal G. Phelan sold 210 shares of the business’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $146.06, for a total transaction of $30,672.60. Following the transaction, the insider now owns 6,979 shares in the company, valued at $1,019,352.74. This represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 655,038 shares of company stock valued at $131,064,693 in the last 90 days. 51.00% of the stock is currently owned by insiders.

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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