CPI Card Group Inc. (NASDAQ:PMTS - Get Free Report) major shareholder Equity Ulc Parallel49 sold 244,314 shares of the firm's stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $18.03, for a total value of $4,404,981.42. Following the transaction, the insider now directly owns 6,314,511 shares of the company's stock, valued at approximately $113,850,633.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
CPI Card Group Trading Down 2.6 %
CPI Card Group stock opened at $17.55 on Tuesday. The firm has a market cap of $200.07 million, a price-to-earnings ratio of 8.69 and a beta of 0.94. The stock has a fifty day simple moving average of $18.21 and a two-hundred day simple moving average of $17.67. CPI Card Group Inc. has a 12 month low of $12.65 and a 12 month high of $45.63.
CPI Card Group (NASDAQ:PMTS - Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.02. The firm had revenue of $102.87 million for the quarter, compared to the consensus estimate of $104.70 million. CPI Card Group had a negative return on equity of 39.59% and a net margin of 5.40%. During the same period last year, the business posted $1.06 EPS. On average, equities research analysts forecast that CPI Card Group Inc. will post 2.12 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
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A number of research analysts recently weighed in on PMTS shares. Roth Capital reaffirmed a "buy" rating on shares of CPI Card Group in a research report on Friday, February 23rd. Roth Mkm started coverage on CPI Card Group in a research report on Friday, February 23rd. They set a "buy" rating and a $40.00 price objective for the company. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $35.50.
Read Our Latest Report on PMTS
Hedge Funds Weigh In On CPI Card Group
Institutional investors and hedge funds have recently modified their holdings of the company. Trivant Custom Portfolio Group LLC purchased a new position in shares of CPI Card Group in the 4th quarter worth $31,000. California State Teachers Retirement System purchased a new position in shares of CPI Card Group in the 2nd quarter worth $33,000. Tower Research Capital LLC TRC purchased a new position in CPI Card Group during the first quarter valued at $33,000. Dark Forest Capital Management LP purchased a new position in CPI Card Group during the first quarter valued at $33,000. Finally, Wells Fargo & Company MN lifted its position in CPI Card Group by 5,028.6% during the second quarter. Wells Fargo & Company MN now owns 2,154 shares of the company's stock valued at $50,000 after purchasing an additional 2,112 shares in the last quarter. 22.08% of the stock is currently owned by hedge funds and other institutional investors.
CPI Card Group Company Profile
(
Get Free Report)
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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