Insider Buying: CPI Card Group Inc. (PMTS) VP Acquires 28,571 Shares of Stock
CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) VP Jason Bohrer acquired 28,571 shares of the stock in a transaction dated Monday, August 7th. The shares were bought at an average price of $1.38 per share, for a total transaction of $39,427.98. Following the transaction, the vice president now owns 28,571 shares in the company, valued at approximately $39,427.98. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of CPI Card Group Inc. (NASDAQ PMTS) traded down 13.04% during trading on Wednesday, reaching $1.00. 1,609,407 shares of the company were exchanged. The company’s market capitalization is $55.61 million. CPI Card Group Inc. has a 1-year low of $1.00 and a 1-year high of $6.41. The stock’s 50 day moving average is $2.77 and its 200 day moving average is $3.53.
CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last released its quarterly earnings results on Wednesday, August 2nd. The credit services provider reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.01. The business had revenue of $65.85 million for 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%. CPI Card Group’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 company earned $0.05 EPS. Equities analysts anticipate that CPI Card Group Inc. will post ($0.01) earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in PMTS. American Century Companies Inc. acquired a new stake in CPI Card Group during the second quarter worth about $109,000. Wells Fargo & Company MN increased its stake in shares of CPI Card Group by 509.0% in the first quarter. Wells Fargo & Company MN now owns 30,680 shares of the credit services provider’s stock valued at $129,000 after buying an additional 25,642 shares in the last quarter. Trust Co. of Virginia VA purchased a new stake in shares of CPI Card Group during the first quarter valued at $134,000. Highbridge Capital Management LLC purchased a new stake in shares of CPI Card Group during the fourth quarter valued at $143,000. Finally, Teachers Advisors LLC increased its stake in shares of CPI Card Group by 28.5% in the fourth quarter. Teachers Advisors LLC now owns 43,218 shares of the credit services provider’s stock valued at $179,000 after buying an additional 9,581 shares in the last quarter. 22.16% of the stock is currently owned by institutional investors.
PMTS has been the topic of a number of analyst reports. Citigroup Inc. cut shares of CPI Card Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 4th. Raymond James Financial, Inc. cut shares of CPI Card Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 4th. ValuEngine cut shares of CPI Card Group from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Zacks Investment Research cut shares of CPI Card Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Barrington Research cut shares of CPI Card Group from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. CPI Card Group has a consensus rating of “Hold” and a consensus price target of $4.90.
About CPI Card Group
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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