CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) has received a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $2.85.
Several brokerages have recently commented on PMTS. ValuEngine downgraded shares of CPI Card Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Barrington Research downgraded shares of CPI Card Group from a “market perform” rating to an “underperform” rating in a research report on Wednesday, August 9th. BMO Capital Markets decreased their price objective on shares of CPI Card Group from $4.50 to $2.20 and set a “market perform” rating on the stock in a research report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded shares of CPI Card Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th.
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CPI Card Group (NASDAQ:PMTS) traded up 6.67% on Wednesday, reaching $1.28. 1,107,512 shares of the company were exchanged. The firm’s market capitalization is $71.19 million. The firm has a 50-day moving average of $1.06 and a 200 day moving average of $2.30. CPI Card Group has a 12-month low of $0.86 and a 12-month high of $5.91.
CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last announced its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). The firm had revenue of $65.85 million for the quarter, compared to the consensus estimate of $69.16 million. CPI Card Group had a negative net margin of 2.46% and a negative return on equity of 1.51%. The firm’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 earnings per share. On average, equities analysts predict that CPI Card Group will post ($0.01) earnings per share for the current year.
In other news, insider Lisa Jacoba acquired 43,475 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were purchased at an average cost of $1.10 per share, for a total transaction of $47,822.50. Following the transaction, the insider now directly owns 86,423 shares of the company’s stock, valued at $95,065.30. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jason Bohrer bought 28,571 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average cost of $1.38 per share, with a total value of $39,427.98. Following the completion of the purchase, the vice president now directly owns 28,571 shares of the company’s stock, valued at approximately $39,427.98. The disclosure for this purchase can be found here. Insiders have bought a total of 112,046 shares of company stock worth $129,750 over the last 90 days. Insiders own 4.60% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. purchased a new position in CPI Card Group during the second quarter valued at $109,000. Teachers Advisors LLC grew its stake in CPI Card Group by 21.3% during the second quarter. Teachers Advisors LLC now owns 43,683 shares of the credit services provider’s stock valued at $124,000 after acquiring an additional 7,658 shares in the last quarter. Wells Fargo & Company MN grew its stake in CPI Card Group by 509.0% during the first quarter. Wells Fargo & Company MN now owns 30,680 shares of the credit services provider’s stock valued at $129,000 after acquiring an additional 25,642 shares in the last quarter. QS Investors LLC grew its stake in CPI Card Group by 40.2% during the second quarter. QS Investors LLC now owns 53,178 shares of the credit services provider’s stock valued at $152,000 after acquiring an additional 15,260 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in CPI Card Group by 181.0% during the second quarter. Dimensional Fund Advisors LP now owns 61,110 shares of the credit services provider’s stock valued at $174,000 after acquiring an additional 39,359 shares in the last quarter. 19.83% of the stock is owned by institutional investors.
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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