CPI Card Group Inc. (NASDAQ:PMTS - Get Free Report) Chairman H Sanford Riley acquired 15,000 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average price of $21.51 per share, for a total transaction of $322,650.00. Following the completion of the purchase, the chairman now owns 19,966 shares of the company's stock, valued at approximately $429,468.66. This represents a 302.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
CPI Card Group Trading Down 1.7%
NASDAQ:PMTS traded down $0.40 on Thursday, hitting $22.70. 24,856 shares of the company's stock traded hands, compared to its average volume of 34,413. CPI Card Group Inc. has a 1 year low of $18.46 and a 1 year high of $35.19. The firm has a 50-day moving average price of $26.22 and a 200-day moving average price of $28.60. The company has a market cap of $256.02 million, a PE ratio of 17.28 and a beta of 1.77.
CPI Card Group (NASDAQ:PMTS - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.16). The business had revenue of $122.76 million for the quarter, compared to analysts' expectations of $120.90 million. CPI Card Group had a net margin of 3.38% and a negative return on equity of 46.90%. On average, research analysts forecast that CPI Card Group Inc. will post 1.63 EPS for the current fiscal year.
Institutional Investors Weigh In On CPI Card Group
Institutional investors have recently made changes to their positions in the company. Vector Capital Management L.P. lifted its holdings in CPI Card Group by 38.4% in the 4th quarter. Vector Capital Management L.P. now owns 360,318 shares of the company's stock worth $10,770,000 after purchasing an additional 100,000 shares during the last quarter. Wasatch Advisors LP acquired a new stake in CPI Card Group in the 4th quarter worth approximately $10,175,000. Pacific Ridge Capital Partners LLC acquired a new stake in CPI Card Group in the 4th quarter worth approximately $4,401,000. Geode Capital Management LLC lifted its holdings in CPI Card Group by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 110,582 shares of the company's stock worth $3,306,000 after purchasing an additional 1,953 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in CPI Card Group in the 4th quarter worth approximately $3,240,000. 22.08% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Roth Mkm reaffirmed a "buy" rating and set a $40.00 target price on shares of CPI Card Group in a report on Wednesday, March 5th. StockNews.com lowered CPI Card Group from a "strong-buy" rating to a "buy" rating in a report on Friday, May 9th. Lake Street Capital lowered their target price on CPI Card Group from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. B. Riley lifted their target price on CPI Card Group from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Finally, DA Davidson lifted their price target on CPI Card Group from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CPI Card Group has a consensus rating of "Buy" and a consensus target price of $36.75.
Check Out Our Latest Report on CPI Card Group
About CPI Card Group
(
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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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