Key Points
- Insider sale: CPI Card Group insider Donna Abbey Carmignani sold 4,870 shares on May 11 at an average price of $15.32, reducing her ownership by about 47% to 5,478 shares.
- Quarterly results beat estimates: The company reported Q1 EPS of $0.38 versus the $0.32 consensus and revenue of $147.11 million, which also topped analysts’ expectations.
- Analyst sentiment remains positive: CPI Card Group has a consensus rating of Moderate Buy with an average price target of $27.50, despite some mixed rating changes from recent research notes.
CPI Card Group Inc. (NASDAQ:PMTS - Get Free Report) insider Donna Abbey Carmignani sold 4,870 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $15.32, for a total value of $74,608.40. Following the completion of the sale, the insider directly owned 5,478 shares in the company, valued at approximately $83,922.96. This represents a 47.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
CPI Card Group Price Performance
Shares of NASDAQ:PMTS opened at $15.78 on Thursday. The company has a market cap of $181.15 million, a P/E ratio of 15.47 and a beta of 1.10. CPI Card Group Inc. has a 1 year low of $10.81 and a 1 year high of $25.50. The stock's fifty day moving average price is $15.91 and its 200-day moving average price is $14.67.
CPI Card Group (NASDAQ:PMTS - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.06. CPI Card Group had a negative return on equity of 92.16% and a net margin of 2.15%.The business had revenue of $147.11 million for the quarter, compared to analysts' expectations of $134.69 million. On average, sell-side analysts anticipate that CPI Card Group Inc. will post 1.89 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Roth Mkm restated a "buy" rating and set a $25.00 price target on shares of CPI Card Group in a report on Tuesday, May 5th. Weiss Ratings upgraded CPI Card Group from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, May 4th. DA Davidson restated a "buy" rating and set a $30.00 price target on shares of CPI Card Group in a report on Wednesday, March 11th. Wall Street Zen cut CPI Card Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 9th. Finally, Lake Street Capital reaffirmed a "buy" rating and issued a $27.00 price objective on shares of CPI Card Group in a research note on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $27.50.
View Our Latest Stock Report on PMTS
Institutional Investors Weigh In On CPI Card Group
Several institutional investors have recently modified their holdings of PMTS. Pacific Ridge Capital Partners LLC lifted its stake 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 lifted its stake 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 last quarter. Vector Capital Management L.P. lifted its stake in shares of CPI Card Group by 18.6% in the 3rd quarter. Vector Capital Management L.P. now owns 459,314 shares of the company's stock valued at $6,954,000 after purchasing an additional 71,891 shares during the last quarter. Pembroke Management LTD lifted its stake in shares of CPI Card Group by 87.9% in the 3rd quarter. Pembroke Management LTD now owns 99,567 shares of the company's stock valued at $1,507,000 after purchasing an additional 46,575 shares during the last quarter. Finally, Aristeia Capital L.L.C. bought a new stake in shares of CPI Card Group in the 4th quarter valued at approximately $597,000. 22.08% of the stock is owned by institutional investors.
CPI Card Group Company Profile
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Get Free Report)
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.
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