Impinj, Inc. operates a cloud connectivity platform. Its platform, which comprises multiple product families, wirelessly connects individual 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. Its platform also consists of systems products that comprise reader ICs, readers, and gateways to wirelessly provide power to and communicate bidirectionally with endpoint ICs on host items, as well as to read, write, authenticate, and engage the endpoint ICs on those items; and software and algorithms that enables its partners to deliver use cases, such as retail self-checkout and loss prevention, and warehouse pallet and carton tracking to end users. The company primarily serves retail, supply chain and logistics, aviation, automotive, healthcare, industrial and manufacturing, sports, food, datacenter, travel, banking, and linen and uniform tracking sectors through distributors, system integrators, value-added resellers, and software solution partners in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Impinj, Inc. was incorporated in 2000 and is headquartered in Seattle, Washington.
IPO Year: 2016
Exchange: NASDAQ
Website: impinj.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/18/2024 | $205.00 | Overweight | Cantor Fitzgerald |
| 7/11/2024 | $150.00 → $180.00 | Overweight | Piper Sandler |
| 5/20/2024 | $156.00 | Buy → Neutral | Goldman |
| 5/13/2024 | $135.00 → $200.00 | Buy | Jefferies |
| 4/16/2024 | $160.00 | Outperform | Evercore ISI |
| 3/14/2024 | $120.00 → $130.00 | Buy | Needham |
| 2/9/2024 | $115.00 → $120.00 | Buy | Needham |
| 1/18/2024 | $85.00 → $115.00 | Buy | Needham |
| 12/13/2023 | $100.00 | Positive | Susquehanna |
| 6/26/2023 | $45.00 | Sell | BWS Financial |
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Cantor Fitzgerald analyst Troy Jensen reiterates Impinj (NASDAQ:PI) with a Overweight and maintains $205 price target.
Needham analyst James Ricchiuti reiterates Impinj (NASDAQ:PI) with a Buy and maintains $195 price target.
Impinj (NASDAQ:PI) reported quarterly earnings of $0.83 per share which beat the analyst consensus estimate of $0.74 by 12.16 percent. The company reported quarterly sales of $102.500 million which beat the analyst consensus estimate of $97.520 million by 5.11 percent. This is a 19.21 percent increase over sales of $85.986 million the same period last year.
Cantor Fitzgerald analyst Troy Jensen initiates coverage on Impinj (NASDAQ:PI) with a Overweight rating and announces Price Target of $205.
Susquehanna analyst Christopher Rolland maintains Impinj (NASDAQ:PI) with a Positive and raises the price target from $150 to $215.
U.S. stocks closed higher on Friday, with the Dow Jones index topping the key 40,000 mark during the session. The 30-stock blue-chip index gained around 1.6% last week. Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst’s opinion to trust. Benzinga’s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga display
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NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
SEATTLE--(BUSINESS WIRE)--Impinj, Inc. (NASDAQ: PI), a leading provider and pioneer of RAIN RFID solutions, today announced that Umesh Padval has joined its board of directors. “Umesh brings extensive experience operating high-growth technology companies,” said Impinj Board Chair Peter van Oppen. “These skills, along with board and venture capital experience, are a strong addition to our team.” “His love of technology, his entrepreneurial spirit, and his broad operational and strategic experience are what make Umesh a great fit for Impinj and an outstanding addition to our board,” said Impinj CEO Chris Diorio. Padval is a venture partner at Thomvest Ventures and serves as a boa
Cantor Fitzgerald initiated coverage of Impinj with a rating of Overweight and set a new price target of $205.00
Piper Sandler reiterated coverage of Impinj with a rating of Overweight and set a new price target of $180.00 from $150.00 previously
Goldman downgraded Impinj from Buy to Neutral and set a new price target of $156.00
Jefferies initiated coverage of Impinj with a rating of Buy and set a new price target of $200.00 from $135.00 previously
Evercore ISI initiated coverage of Impinj with a rating of Outperform and set a new price target of $160.00
Needham reiterated coverage of Impinj with a rating of Buy and set a new price target of $130.00 from $120.00 previously
Needham reiterated coverage of Impinj with a rating of Buy and set a new price target of $120.00 from $115.00 previously
Needham reiterated coverage of Impinj with a rating of Buy and set a new price target of $115.00 from $85.00 previously
Susquehanna initiated coverage of Impinj with a rating of Positive and set a new price target of $100.00
BWS Financial initiated coverage of Impinj with a rating of Sell and set a new price target of $45.00
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Impinj, Inc. (NASDAQ:PI), a leading RAIN RFID provider and Internet of Things pioneer, today released its financial results for the third quarter ended September 30, 2024. "Our third-quarter results were strong, with revenue and profitability well above our guidance," said Chris Diorio, Impinj co-founder and CEO. "These results again demonstrate the leverage in our operating model. As we continue driving our bold vision to connect every item in our everyday world, I remain confident in our market position and energized by the opportunities ahead." Third Quarter 2024 Financial Summary Revenue of $95.2 million GAAP gross margin of 50.0%; non-GAAP gross margin of 52.4% GAAP net income
Impinj, Inc. (NASDAQ:PI), a leading RAIN RFID provider and Internet of Things pioneer, today announced that it will release financial results for its third-quarter ended September 30, 2024, after U.S. markets close on Wednesday, October 23, 2024. Impinj will host a conference call and webcast to discuss its third-quarter 2024 results and fourth-quarter 2024 outlook at 5:00 p.m. ET / 2:00 p.m. PT. Interested parties may listen to the call by dialing +1-412-317-1863. A live webcast and replay will be available on the company's website at investor.impinj.com. Following the call, a telephonic replay will be available for five business days and may be accessed by dialing +1-412-317-0088 and ent
NOTE TO EDITORS: The Following is an Investment Opinion Issued by Spruce Point Capital Management Believes That Zebra Is Downplaying Competitive Pressures Across Its Core Hardware, Services and Software Offerings, and May Be Embellishing Market Leadership Claims Highlights How Zebra is Not Adequately Addressing a Variety of Trends and Factors Working Against the Company Outlines Why Zebra's $2.1 Billion Levered Acquisition Spree and Venture Investments – Which Expanded Its Offerings into Analytics, Robotics, and Machine Vision – Should be Characterized as Failures Expresses Concerns About Multiple Accounting and Financial Reporting Choices Made by Zebra Given That It Describes Its C
Impinj, Inc. (NASDAQ:PI), a leading RAIN RFID provider and Internet of Things pioneer, today released its financial results for the second quarter ended June 30, 2024. "Our second-quarter results were strong, setting several new records," said Chris Diorio, Impinj co-founder and CEO. "Revenue topped $100 million and adjusted EBITDA topped $25 million, both well above our guidance. Free cash flow topped $40 million. As we continue driving our bold vision to connect every item in our everyday world, I remain confident in our market position and energized by the opportunities ahead." Second Quarter 2024 Financial Summary Revenue of $102.5 million GAAP gross margin of 56.1%; non-GAAP
Impinj, Inc. (NASDAQ:PI), a leading RAIN RFID provider and Internet of Things pioneer, today announced that it will release financial results for its second-quarter ended June 30, 2024, after U.S. markets close on Wednesday, July 24, 2024. Impinj will host a conference call and webcast to discuss its second-quarter 2024 results and third-quarter 2024 outlook at 5:00 p.m. ET / 2:00 p.m. PT. Interested parties may listen to the call by dialing +1-412-317-1863. A live webcast and replay will be available on the company's website at investor.impinj.com. Following the call, a telephonic replay will be available for five business days and may be accessed by dialing +1-412-317-0088 and entering
Impinj, Inc. (NASDAQ:PI), a leading RAIN RFID provider and Internet of Things pioneer, today released its financial results for the first quarter ended March 31, 2024. "2024 started strong, with revenue and profitability exceeding both our fourth-quarter results and first-quarter guidance," said Chris Diorio, Impinj co-founder and CEO. "As we continue driving our bold vision to connect every item in our everyday world, I remain confident in our market position and energized by the opportunities ahead." First Quarter 2024 Financial Summary Revenue of $76.8 million GAAP gross margin of 48.9%; non-GAAP gross margin of 51.5% GAAP net income of $33.3 million, or income of $1.10 per
Impinj, Inc. (NASDAQ:PI), a leading RAIN RFID provider and Internet of Things pioneer, today announced that it will release financial results for its first-quarter ended March 31, 2024, after U.S. markets close on Wednesday, April 24, 2024. Impinj will host a conference call and webcast to discuss its first-quarter 2024 results and second-quarter 2024 outlook at 5:00 p.m. ET / 2:00 p.m. PT. Interested parties may listen to the call by dialing +1-412-317-1863. A live webcast and replay will be available on the company's website at investor.impinj.com. Following the call, a telephonic replay will be available for five business days and may be accessed by dialing +1-412-317-0088 and entering
Impinj, Inc. (NASDAQ:PI), a leading RAIN RFID provider and Internet of Things pioneer, today released its financial results for the fourth quarter and year ended December 31, 2023. "2023 was another year of solid growth despite market headwinds, with annual revenue crossing the $300 million threshold for the first time," said Chris Diorio, Impinj co-founder and CEO. "We delivered four quarters of positive adjusted EBITDA, successfully defended our intellectual property and introduced market-leading new products. As we continue driving our bold vision to connect every item in our everyday world, we remain confident in our market position and energized by the opportunities ahead." Fourth
Impinj, Inc. (NASDAQ:PI), a leading RAIN RFID provider and Internet of Things pioneer, today announced that it expects fourth-quarter 2023 revenue to exceed $70 million, above its prior guidance of $65.5 to $68.5 million and adjusted EBITDA to exceed $2.5 million, above its prior guidance of ($0.9) to $0.7 million. The company also announced that Chris Diorio, Impinj co-founder and CEO, and Cary Baker, Impinj CFO, will participate in a fireside chat at the 26th Annual Needham Growth Conference on Wednesday, January 17, 2024, at 10:15 a.m. ET. A live webcast and replay of the presentation will be available on the company's website at investor.impinj.com. Fourth-Quarter and Full-Year 2023
Impinj, Inc. (NASDAQ:PI), a leading RAIN RFID provider and Internet of Things pioneer, today released its financial results for the third quarter ended September 30, 2023. "Third-quarter results were solid, with profitability exceeding our expectations," said Chris Diorio, Impinj co-founder and CEO. "While macroeconomic pressures continue to impact our fourth-quarter outlook, we believe our long-term opportunity remains intact. We see early signs of retail demand improvement, strong ongoing endpoint IC unit-volume growth despite the downturn and remain optimistic for the future." Third Quarter 2023 Financial Summary Revenue of $65.0 million GAAP gross margin of 47.3%; non-GAAP gro
Impinj, Inc. (NASDAQ:PI), a leading RAIN RFID provider and Internet of Things pioneer, today announced its participation in the following conferences: Baird 2024 Global Industrial Conference on Wednesday, November 13, 2024: Cary Baker, Impinj CFO, and Hussein Mecklai, Impinj COO, will participate in a fireside chat at 5:05 p.m. ET / 2:05 p.m. PT UBS Global Technology and AI Conference on Wednesday, December 4, 2024: Chris Diorio, Impinj co-founder and CEO, and Cary Baker, Impinj CFO, will participate in a fireside chat at 3:35 p.m. ET / 12:35 p.m. PT. Live audio webcasts and replays of the fireside chats will be available on the Impinj website at investor.impinj.com. About Impinj Im
Impinj, Inc. (NASDAQ:PI), a leading RAIN RFID provider and Internet of Things pioneer, today released its financial results for the third quarter ended September 30, 2024. "Our third-quarter results were strong, with revenue and profitability well above our guidance," said Chris Diorio, Impinj co-founder and CEO. "These results again demonstrate the leverage in our operating model. As we continue driving our bold vision to connect every item in our everyday world, I remain confident in our market position and energized by the opportunities ahead." Third Quarter 2024 Financial Summary Revenue of $95.2 million GAAP gross margin of 50.0%; non-GAAP gross margin of 52.4% GAAP net income
Impinj, Inc. (NASDAQ:PI), a leading RAIN RFID provider and Internet of Things pioneer, today announced that it will release financial results for its third-quarter ended September 30, 2024, after U.S. markets close on Wednesday, October 23, 2024. Impinj will host a conference call and webcast to discuss its third-quarter 2024 results and fourth-quarter 2024 outlook at 5:00 p.m. ET / 2:00 p.m. PT. Interested parties may listen to the call by dialing +1-412-317-1863. A live webcast and replay will be available on the company's website at investor.impinj.com. Following the call, a telephonic replay will be available for five business days and may be accessed by dialing +1-412-317-0088 and ent
NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
Impinj, Inc. (NASDAQ:PI), a leading RAIN RFID provider and Internet of Things pioneer, today announced its participation in the following conferences: Piper Sandler Growth Frontiers Conference on Tuesday, September 10, 2024: Cary Baker, Impinj CFO, will participate in a fireside chat at 3:00 p.m. ET / 12:00 p.m. PT Goldman Sachs Communacopia and Technology Conference on Wednesday, September 11, 2024: Chris Diorio, Impinj co-founder and CEO, and Cary Baker, Impinj CFO, will participate in a fireside chat at 1:50 p.m. ET / 10:50 a.m. PT. Live audio webcasts and replays of the fireside chats will be available on the Impinj website at investor.impinj.com. About Impinj Impinj (NASDA
SHENZHEN, China, Aug. 19, 2024 /PRNewswire/ -- Urovo, a global leading provider in the Automatic Identification and Data Capture (AIDC) industry, proudly announces its recognition as an Impinj Gold Partner. This partnership underscores the ongoing collaboration between Urovo and Impinj, a leading provider of RAIN RFID solutions, highlighting their joint commitment to advancing RFID technology. Impinj's Leading RAIN RFID Technology Impinj is renowned for its high-performance RAIN RFID chips, which form the foundation of successful RFID deployments worldwide. Urovo's integration of Impinj's technology ensures that customers receive best-in-class RAIN RFID solutions with unmatched accuracy and
NOTE TO EDITORS: The Following is an Investment Opinion Issued by Spruce Point Capital Management Believes That Zebra Is Downplaying Competitive Pressures Across Its Core Hardware, Services and Software Offerings, and May Be Embellishing Market Leadership Claims Highlights How Zebra is Not Adequately Addressing a Variety of Trends and Factors Working Against the Company Outlines Why Zebra's $2.1 Billion Levered Acquisition Spree and Venture Investments – Which Expanded Its Offerings into Analytics, Robotics, and Machine Vision – Should be Characterized as Failures Expresses Concerns About Multiple Accounting and Financial Reporting Choices Made by Zebra Given That It Describes Its C
Impinj, Inc. (NASDAQ:PI), a leading RAIN RFID provider and Internet of Things pioneer, announced executive promotions and an expanded executive leadership team that position the company for continued growth. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724978366/en/Alberto Pesavento, Christina Balam, and Gahan Richardson celebrate Impinj leadership updates. (Photo: Business Wire) Gahan Richardson was promoted to executive vice president, focused on executing Impinj's strategy to win the RAIN RFID market opportunity. Richardson will join the executive leadership team and oversee the company's product roadmap and market and e
Impinj, Inc. (NASDAQ:PI), a leading RAIN RFID provider and Internet of Things pioneer, today released its financial results for the second quarter ended June 30, 2024. "Our second-quarter results were strong, setting several new records," said Chris Diorio, Impinj co-founder and CEO. "Revenue topped $100 million and adjusted EBITDA topped $25 million, both well above our guidance. Free cash flow topped $40 million. As we continue driving our bold vision to connect every item in our everyday world, I remain confident in our market position and energized by the opportunities ahead." Second Quarter 2024 Financial Summary Revenue of $102.5 million GAAP gross margin of 56.1%; non-GAAP
Impinj, Inc. (NASDAQ:PI), a leading RAIN RFID provider and Internet of Things pioneer, today announced that it will release financial results for its second-quarter ended June 30, 2024, after U.S. markets close on Wednesday, July 24, 2024. Impinj will host a conference call and webcast to discuss its second-quarter 2024 results and third-quarter 2024 outlook at 5:00 p.m. ET / 2:00 p.m. PT. Interested parties may listen to the call by dialing +1-412-317-1863. A live webcast and replay will be available on the company's website at investor.impinj.com. Following the call, a telephonic replay will be available for five business days and may be accessed by dialing +1-412-317-0088 and entering