Brokerages expect Impinj, Inc. (NASDAQ:PI) to announce ($0.10) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Impinj's earnings. The lowest EPS estimate is ($0.12) and the highest is ($0.09). Impinj reported earnings per share of ($0.29) in the same quarter last year, which suggests a positive year-over-year growth rate of 65.5%. The business is scheduled to announce its next quarterly earnings results on Wednesday, October 27th.
On average, analysts expect that Impinj will report full-year earnings of ($0.11) per share for the current fiscal year, with EPS estimates ranging from ($0.19) to ($0.06). For the next year, analysts anticipate that the company will report earnings of $0.25 per share, with EPS estimates ranging from $0.18 to $0.33. Zacks' earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Impinj.
Impinj (NASDAQ:PI) last announced its quarterly earnings results on Wednesday, July 28th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.50. Impinj had a negative return on equity of 41.67% and a negative net margin of 30.79%. The company had revenue of $47.27 million for the quarter, compared to the consensus estimate of $42.55 million.
Several equities analysts have commented on PI shares. Zacks Investment Research downgraded shares of Impinj from a "hold" rating to a "sell" rating in a research note on Thursday, July 29th. Needham & Company LLC cut their price target on shares of Impinj from $66.00 to $55.00 and set a "buy" rating for the company in a report on Thursday, July 29th. Finally, Piper Sandler lowered their target price on shares of Impinj from $74.00 to $60.00 and set an "overweight" rating on the stock in a research report on Thursday, July 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $64.50.
In other Impinj news, CRO Jeffrey Dossett sold 722 shares of the business's stock in a transaction dated Thursday, September 16th. The shares were sold at an average price of $55.65, for a total transaction of $40,179.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Chris Ph.D. Diorio sold 1,546 shares of the business's stock in a transaction dated Friday, July 2nd. The stock was sold at an average price of $49.63, for a total transaction of $76,727.98. The disclosure for this sale can be found here. Insiders sold a total of 9,567 shares of company stock valued at $546,205 over the last ninety days. Company insiders own 24.70% of the company's stock.
Institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in shares of Impinj in the second quarter worth approximately $26,000. Captrust Financial Advisors grew its position in Impinj by 144.8% during the first quarter. Captrust Financial Advisors now owns 612 shares of the company's stock valued at $35,000 after purchasing an additional 362 shares in the last quarter. Vectors Research Management LLC purchased a new position in Impinj during the second quarter valued at approximately $52,000. Altshuler Shaham Ltd purchased a new position in Impinj during the first quarter valued at approximately $63,000. Finally, O Shaughnessy Asset Management LLC grew its position in Impinj by 1,089.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,225 shares of the company's stock valued at $70,000 after purchasing an additional 1,122 shares in the last quarter. 86.98% of the stock is currently owned by institutional investors and hedge funds.
PI opened at $57.40 on Monday. The company's 50 day simple moving average is $50.19 and its two-hundred day simple moving average is $51.76. Impinj has a 1-year low of $24.36 and a 1-year high of $79.05. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -27.60 and a beta of 2.36.
Impinj Company Profile
IImpinj, Inc engages in the development and sale of RAIN, a radio frequency identification solution. Its platform allows inventory management, patient safety, asset tracking and item authentication for the retail, healthcare, supply chain and logistics, hospitality, food and beverage, and industrial manufacturing industries.
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