CPI Card Group (NASDAQ:PMTS) Insider Sells $74,608.40 in Stock
by Doug Wharley · The Cerbat GemCPI Card Group Inc. (NASDAQ:PMTS – Get Free Report) insider Donna Abbey Carmignani sold 4,870 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $15.32, for a total value of $74,608.40. Following the completion of the transaction, the insider directly owned 5,478 shares of the company’s stock, valued at $83,922.96. This represents a 47.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
CPI Card Group Trading Down 0.3%
PMTS traded down $0.05 during trading on Wednesday, reaching $15.78. 51,808 shares of the company’s stock were exchanged, compared to its average volume of 54,278. CPI Card Group Inc. has a one year low of $10.81 and a one year high of $25.50. The firm has a fifty day moving average price of $15.84 and a two-hundred day moving average price of $14.68. The stock has a market capitalization of $181.09 million, a PE ratio of 15.47 and a beta of 1.10.
CPI Card Group (NASDAQ:PMTS – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. CPI Card Group had a net margin of 2.15% and a negative return on equity of 92.16%. The company had revenue of $147.11 million for the quarter, compared to analyst estimates of $134.69 million. Sell-side analysts expect that CPI Card Group Inc. will post 1.89 earnings per share for the current year.
Institutional Investors Weigh In On CPI Card Group
Hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new position in shares of CPI Card Group during the 4th quarter worth approximately $29,000. Los Angeles Capital Management LLC acquired a new position in shares of CPI Card Group during the 4th quarter valued at $52,000. Lazard Asset Management LLC boosted its stake in CPI Card Group by 100.4% during the second quarter. Lazard Asset Management LLC now owns 2,928 shares of the company’s stock worth $69,000 after acquiring an additional 1,467 shares in the last quarter. IFP Advisors Inc grew its holdings in CPI Card Group by 37.0% in the third quarter. IFP Advisors Inc now owns 5,949 shares of the company’s stock worth $91,000 after purchasing an additional 1,607 shares during the period. Finally, Wells Fargo & Company MN increased its stake in CPI Card Group by 73.1% in the fourth quarter. Wells Fargo & Company MN now owns 6,769 shares of the company’s stock valued at $99,000 after purchasing an additional 2,859 shares in the last quarter. 22.08% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
PMTS has been the subject of a number of analyst reports. Wall Street Zen downgraded CPI Card Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Roth Mkm reissued a “buy” rating and set a $25.00 target price on shares of CPI Card Group in a research report on Tuesday, May 5th. Weiss Ratings upgraded shares of CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Lake Street Capital restated a “buy” rating and issued a $27.00 price target on shares of CPI Card Group in a research report on Wednesday, May 6th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $30.00 price objective on shares of CPI Card Group in a research note on Wednesday, March 11th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.50.
View Our Latest Analysis on CPI Card Group
About CPI Card Group
CPI Card Group, Inc (NASDAQ: PMTS) is a leading provider of payment, identification and related credential solutions for financial institutions, governments and private enterprises. The company specializes in the design, manufacturing and personalization of secure plastic and metal cards, including EMV chip, magnetic-stripe and contactless cards. CPI Card Group also offers digital credentialing services and cloud-based card management tools that enable real-time controls, mobile wallet integration, fraud monitoring and analytics.
With a focus on security and innovation, CPI Card Group integrates advanced features such as holograms, microprinting, RFID/NFC technology and laser-engraved artwork into its card products.