Somewhat Negative Media Coverage Somewhat Unlikely to Impact CPI Card Group (PMTS) Stock Price

Media headlines about CPI Card Group (NASDAQ:PMTS) (TSE:PNT) have been trending somewhat negative recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CPI Card Group earned a news impact score of -0.07 on Accern’s scale. Accern also assigned media coverage about the credit services provider an impact score of 47.8660698471466 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

CPI Card Group (NASDAQ PMTS) opened at 1.05 on Friday. CPI Card Group has a 1-year low of $1.00 and a 1-year high of $6.41. The firm has a 50-day moving average of $2.36 and a 200-day moving average of $3.25. The stock’s market cap is $58.39 million.

CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last posted its earnings results on Wednesday, August 2nd. The credit services provider reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.01. CPI Card Group had a negative net margin of 2.46% and a negative return on equity of 1.51%. The business had revenue of $65.85 million during the quarter, compared to analysts’ expectations of $69.16 million. During the same period last year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was down 10.7% compared to the same quarter last year. Analysts expect that CPI Card Group will post ($0.01) EPS for the current fiscal year.

Several brokerages recently commented on PMTS. ValuEngine cut shares of CPI Card Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Barrington Research cut shares of CPI Card Group from a “market perform” rating to an “underperform” rating in a research note on Wednesday, August 9th. BMO Capital Markets reduced their price objective on shares of CPI Card Group from $4.50 to $2.20 and set a “market perform” rating for the company in a research note on Thursday, August 3rd. Citigroup Inc. cut shares of CPI Card Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 4th. Finally, Raymond James Financial, Inc. cut shares of CPI Card Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 4th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. CPI Card Group currently has an average rating of “Hold” and an average price target of $4.90.

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In other CPI Card Group news, VP Jason Bohrer bought 28,571 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average cost of $1.38 per share, with a total value of $39,427.98. Following the completion of the acquisition, the vice president now owns 28,571 shares in the company, valued at approximately $39,427.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lisa Jacoba bought 43,475 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was acquired at an average cost of $1.10 per share, with a total value of $47,822.50. Following the completion of the acquisition, the insider now owns 86,423 shares of the company’s stock, valued at approximately $95,065.30. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 102,046 shares of company stock valued at $118,750. 4.60% of the stock is currently owned by insiders.

CPI Card Group Company Profile

CPI Card Group Inc, formerly CPI Holdings I, Inc, provides Financial Payment Card solutions in North America. The Company is engaged in the design, production, data personalization, packaging and fulfillment of Financial Payment Cards, which it defines as credit cards, debit cards and prepaid debit cards issued on the networks of the Payment Card Brands in the United States, Europe and Canada.

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