CPI Card Group Inc. (NASDAQ:PMTS – Free Report) Director Marc Sheinbaum bought 2,000 shares of CPI Card Group on Thursday, August 8. The shares were bought at an average price of $25.26 per share, for a total transaction of $50,520.00. Following the purchase, the director now owns 10,390 shares of the company’s stock, valued at approximately $262,451.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Price development of the CPI Card Group share
CPI Card Group stock rose $0.67 in midday trading on Friday, reaching $25.87. 30,978 shares of the company traded hands, compared to an average volume of 36,366. CPI Card Group Inc. has a 12-month low of $12.65 and a 12-month high of $31.00. The company has a 50-day moving average of $27.64 and a 200-day moving average of $22.28. The company has a market cap of $287.67 million, a P/E ratio of 16.48 and a beta of 1.15.
CPI Card Group (NASDAQ:PMTS – Get Free Report) released its last earnings results on Monday, August 5. The company reported earnings per share (EPS) of $0.51 for the quarter, missing the consensus estimate of $0.56 by ($0.05). CPI Card Group had a negative return on equity of 35.79% and a net margin of 4.11%. The company had revenue of $118.82 million during the quarter, compared to the consensus estimate of $111.85 million. During the same quarter last year, the company generated earnings per share of $0.55. As a group, equities analysts expect that CPI Card Group Inc. will post earnings per share of 2.2 for the current year.
Wall Street analysts comment
Several research firms have recently commented on PMTS. StockNews.com upgraded shares of CPI Card Group from a “buy” rating to a “strong buy” rating in a report on Wednesday, June 19. Lake Street Capital increased their price target on shares of CPI Card Group from $22.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday. Four investment analysts have rated the stock with a “buy” rating and one has given the stock a “strong buy” rating. The company currently has a consensus rating of “Buy” and an average price target of $34.67, according to data from MarketBeat.
Get our latest research report on CPI Card Group
CPI Card Group Institutional Trading
Several hedge funds have recently made changes to their holdings in PMTS. Navellier & Associates Inc. acquired a new stake in shares of CPI Card Group in the fourth quarter valued at about $275,000. Denali Advisors LLC increased its holdings in shares of CPI Card Group by 19.0% in the 1st quarter. Denali Advisors LLC now owns 16,300 shares of the company’s stock valued at $291,000 after buying an additional 2,600 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of CPI Card Group by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 340,945 shares of the company’s stock valued at $6,089,000 after buying an additional 10,265 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of CPI Card Group by 10.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 24,653 shares of the company’s stock valued at $672,000 after purchasing an additional 2,283 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of CPI Card Group by 7.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 44,773 shares of the company’s stock valued at $1,220,000 after purchasing an additional 3,158 shares in the last quarter. 22.08% of the shares are held by hedge funds and other institutional investors.
Company profile of CPI Card Group
(Get free report)
CPI Card Group Inc., together with its subsidiaries, is engaged in the design, production, data personalization, packaging and delivery of payment cards. The company operates through the debit and credit and prepaid debit segments. The debit and credit segment manufactures payment cards and provides integrated card services to card-issuing financial institutions.
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