CPI Card Group Inc. (NASDAQ:PMTS) Director Ravi Mallela Acquires 623 Shares

Key Points

• Director Ravi Mallela of CPI Card Group Inc. acquired 623 shares at an average price of $16.11, increasing his ownership by 13.54%.
• CPI Card Group reported a loss in earnings for the last quarter, with EPS of $0.04, missing the expected $0.56, alongside a revenue of $129.75 million.
• The company's stock has been rated as a "Buy" by several analysts, with an average target price of $34.00 despite recent downward trading activity.

CPI Card Group Inc. (NASDAQ:PMTS - Get Free Report) Director Ravi Mallela bought 623 shares of the company's stock in a transaction on Thursday, August 14th. The shares were bought at an average price of $16.11 per share, for a total transaction of $10,036.53. Following the transaction, the director owned 5,225 shares of the company's stock, valued at approximately $84,174.75. This represents a 13.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

CPI Card Group Stock Down 2.4%

Shares of PMTS stock traded down $0.38 on Thursday, reaching $15.72. The company's stock had a trading volume of 87,455 shares, compared to its average volume of 48,011. CPI Card Group Inc. has a 12-month low of $12.52 and a 12-month high of $35.19. The company has a market capitalization of $178.22 million, a P/E ratio of 14.04 and a beta of 1.31. The stock's 50 day simple moving average is $21.40 and its 200-day simple moving average is $24.81.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.52). The business had revenue of $129.75 million during the quarter, compared to analysts' expectations of $132.96 million. CPI Card Group had a negative return on equity of 58.00% and a net margin of 2.66%. Research analysts expect that CPI Card Group Inc. will post 1.63 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded CPI Card Group from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. DA Davidson lowered their price objective on CPI Card Group from $38.00 to $32.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Lake Street Capital lowered their price objective on CPI Card Group from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CPI Card Group currently has a consensus rating of "Buy" and an average target price of $34.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PMTS. US Bancorp DE bought a new position in CPI Card Group in the first quarter valued at $33,000. Russell Investments Group Ltd. increased its stake in CPI Card Group by 1,635.8% in the fourth quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company's stock valued at $49,000 after acquiring an additional 1,554 shares during the last quarter. Wells Fargo & Company MN increased its stake in CPI Card Group by 44.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock valued at $75,000 after acquiring an additional 776 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in CPI Card Group by 355.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,665 shares of the company's stock valued at $80,000 after acquiring an additional 2,080 shares during the last quarter. Finally, Virtus Investment Advisers Inc. bought a new position in CPI Card Group in the fourth quarter valued at $84,000. Institutional investors own 22.08% of the company's stock.

About CPI Card Group

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing financial institutions.

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