CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) shot up 6.3% during mid-day trading on Friday following insider buying activity. The company traded as high as $1.20 and last traded at $1.28, with a volume of 350,742 shares trading hands. The stock had previously closed at $1.20.

Specifically, VP Jason Bohrer bought 28,571 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was acquired at an average cost of $1.38 per share, with a total value of $39,427.98. Following the completion of the acquisition, the vice president now owns 28,571 shares of the company’s stock, valued at $39,427.98. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lisa Jacoba bought 43,475 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was purchased at an average cost of $1.10 per share, with a total value of $47,822.50. Following the completion of the acquisition, the insider now directly owns 86,423 shares of the company’s stock, valued at approximately $95,065.30. The disclosure for this purchase can be found here. 4.60% of the stock is currently owned by insiders.

Several brokerages have issued reports on PMTS. ValuEngine cut shares of CPI Card Group from a “hold” rating to a “sell” rating in a report on Thursday. Barrington Research cut shares of CPI Card Group from a “market perform” rating to an “underperform” rating in a report on Wednesday. BMO Capital Markets decreased their target price on shares of CPI Card Group from $4.50 to $2.20 and set a “market perform” rating for the company in a report on Thursday, August 3rd. Citigroup Inc. cut shares of CPI Card Group from an “outperform” rating to a “market perform” rating in a report on Thursday, May 4th. Finally, Zacks Investment Research cut shares of CPI Card Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.90.

The company has a 50 day moving average price of $2.59 and a 200 day moving average price of $3.40. The company’s market capitalization is $69.52 million.

CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last announced its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. The company had revenue of $65.85 million during the quarter, compared to analysts’ expectations of $69.16 million. CPI Card Group had a negative net margin of 2.46% and a negative return on equity of 1.51%. The business’s revenue for the quarter was down 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share. Equities research analysts anticipate that CPI Card Group Inc. will post ($0.01) EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Thompson Investment Management Inc. raised its position in shares of CPI Card Group by 143.0% in the second quarter. Thompson Investment Management Inc. now owns 300,863 shares of the credit services provider’s stock valued at $857,000 after buying an additional 177,050 shares during the last quarter. Federated Investors Inc. PA raised its position in shares of CPI Card Group by 8.6% in the second quarter. Federated Investors Inc. PA now owns 426,371 shares of the credit services provider’s stock valued at $1,215,000 after buying an additional 33,600 shares during the last quarter. Bank of Montreal Can raised its position in shares of CPI Card Group by 753.0% in the second quarter. Bank of Montreal Can now owns 263,564 shares of the credit services provider’s stock valued at $751,000 after buying an additional 232,664 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of CPI Card Group by 14.8% in the first quarter. Renaissance Technologies LLC now owns 305,800 shares of the credit services provider’s stock valued at $1,284,000 after buying an additional 39,432 shares during the last quarter. Finally, RMB Capital Management LLC raised its position in shares of CPI Card Group by 166.8% in the first quarter. RMB Capital Management LLC now owns 346,189 shares of the credit services provider’s stock valued at $1,454,000 after buying an additional 216,414 shares during the last quarter. 22.16% of the stock is owned by hedge funds and other institutional investors.

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CPI Card Group Company Profile

CPI Card Group Inc, formerly CPI Holdings I, Inc, provides Financial Payment Card solutions in North America. The Company is engaged in the design, production, data personalization, packaging and fulfillment of Financial Payment Cards, which it defines as credit cards, debit cards and prepaid debit cards issued on the networks of the Payment Card Brands in the United States, Europe and Canada.

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