Key Points
- H. Sanford Riley, CPI Card Group's chairman, bought 200,000 shares on Dec. 4 at $13.51 each for a total of $2,702,000, increasing his holdings to 252,366 shares (a 381.93% boost).
- The company recently reported quarterly EPS of $0.47 (missing the $0.63 estimate) and revenue of $137.97M vs. $140.62M expected, with a net margin of 2.79% and a negative return on equity of 58.98%; market cap is about $180.2M.
- Analyst coverage is mixed: the consensus rating is Hold with a $30.60 consensus price target, while individual targets and recommendations range from $25 to $30 and include both Buy and Sell ratings.
CPI Card Group Inc. (NASDAQ:PMTS - Get Free Report) Chairman H Sanford Riley purchased 200,000 shares of the stock in a transaction dated Thursday, December 4th. The shares were acquired at an average price of $13.51 per share, with a total value of $2,702,000.00. Following the completion of the acquisition, the chairman owned 252,366 shares in the company, valued at approximately $3,409,464.66. This trade represents a 381.93% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
H Sanford Riley also recently made the following trade(s):
- On Thursday, November 6th, H Sanford Riley acquired 10,000 shares of CPI Card Group stock. The stock was bought at an average price of $14.20 per share, for a total transaction of $142,000.00.
CPI Card Group Price Performance
NASDAQ PMTS opened at $15.82 on Friday. The firm's 50-day moving average is $14.67 and its two-hundred day moving average is $17.68. CPI Card Group Inc. has a 12 month low of $11.64 and a 12 month high of $35.19. The stock has a market capitalization of $180.19 million, a P/E ratio of 13.18 and a beta of 1.20.
CPI Card Group (NASDAQ:PMTS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by ($0.16). The company had revenue of $137.97 million for the quarter, compared to analyst estimates of $140.62 million. CPI Card Group had a net margin of 2.79% and a negative return on equity of 58.98%. As a group, analysts anticipate that CPI Card Group Inc. will post 1.63 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have issued reports on PMTS. Lake Street Capital set a $25.00 target price on CPI Card Group in a research report on Wednesday, November 5th. Roth Capital set a $30.00 price objective on CPI Card Group in a research note on Tuesday, November 4th. Wall Street Zen lowered CPI Card Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. DA Davidson lowered their target price on CPI Card Group from $32.00 to $30.00 and set a "buy" rating for the company in a report on Wednesday, November 5th. Finally, Zacks Research lowered shares of CPI Card Group from a "hold" rating to a "strong sell" rating in a research note on Wednesday, November 5th. Four research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $30.60.
Check Out Our Latest Report on PMTS
Institutional Trading of CPI Card Group
Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in CPI Card Group by 5.7% in the third quarter. Vanguard Group Inc. now owns 498,101 shares of the company's stock valued at $7,541,000 after acquiring an additional 26,848 shares in the last quarter. Vector Capital Management L.P. increased its position in shares of CPI Card Group by 18.6% during the third quarter. Vector Capital Management L.P. now owns 459,314 shares of the company's stock worth $6,954,000 after purchasing an additional 71,891 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in shares of CPI Card Group by 75.0% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 391,325 shares of the company's stock valued at $5,925,000 after purchasing an additional 167,764 shares during the last quarter. Wasatch Advisors LP boosted its position in shares of CPI Card Group by 56.3% in the 2nd quarter. Wasatch Advisors LP now owns 357,754 shares of the company's stock valued at $8,486,000 after purchasing an additional 128,808 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of CPI Card Group by 12.6% in the 2nd quarter. Geode Capital Management LLC now owns 125,500 shares of the company's stock valued at $2,977,000 after purchasing an additional 14,039 shares during the period. 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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