What is Roth Capital’s Estimate for Impinj FY2024 Earnings?

Impinj, Inc. (NASDAQ:PI) – Equities research analysts at Roth Capital issued their FY2024 earnings estimates for Impinj in a report issued on Monday, January 20th. Roth Capital analyst S. Searle expects that the company will post earnings per share of $0.44 for the year. The consensus estimate for Impinj’s current full-year earnings is $0.44 per share. Roth Capital also issued estimates for Impinj’s Q1 2025 earnings at $0.03 EPS.

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

PI has been the subject of a number of other reports. Lake Street Capital lifted their price target on Impinj from $190.00 to $251.00 and gave the company a “buy” rating in a report on Thursday, October 24th. StockNews.com upgraded shares of Impinj from a “sell” rating to a “hold” rating in a research report on Thursday, January 16th. Piper Sandler reissued 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. Evercore ISI restated an “outperform” rating and issued a $270.00 price objective (up previously from $205.00) on shares of Impinj in a research report on Thursday, October 24th. Finally, Cantor Fitzgerald lifted their target price on Impinj from $205.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $214.30.

Impinj Stock Performance

Impinj stock opened at $138.74 on Thursday. The business’s fifty day moving average is $160.82 and its two-hundred day moving average is $176.12. The firm has a market cap of $3.92 billion, a P/E ratio of 155.89 and a beta of 1.88. Impinj has a 52 week low of $95.96 and a 52 week high of $239.88.

Insider Transactions at Impinj

In related news, COO Hussein Mecklai sold 338 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $141.02, for a total transaction of $47,664.76. Following the completion of the transaction, the chief operating officer now owns 61,586 shares in the company, valued at approximately $8,684,857.72. The trade was a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Cary Baker sold 15,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $204.90, for a total transaction of $3,073,500.00. Following the completion of the sale, the chief financial officer now owns 71,096 shares in the company, valued at approximately $14,567,570.40. This trade represents a 17.42 % 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 worth $131,064,693 in the last three months. Insiders own 51.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Bank & Trust raised its holdings in shares of Impinj by 3.2% during the third quarter. First Bank & Trust now owns 1,768 shares of the company’s stock worth $383,000 after acquiring an additional 55 shares during the period. National Bank of Canada FI bought a new position in Impinj during the 3rd quarter worth about $30,000. Farther Finance Advisors LLC raised its stake in shares of 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. KBC Group NV lifted its holdings in shares of Impinj by 29.7% in the third quarter. KBC Group NV now owns 681 shares of the company’s stock valued at $147,000 after purchasing an additional 156 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Impinj by 7.3% during the second quarter. Hsbc Holdings PLC now owns 2,777 shares of the company’s stock worth $432,000 after buying an additional 190 shares during the period.

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.