Barrington Research lowered shares of CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) from a market perform rating to an underperform rating in a research report released on Wednesday morning.
Several other equities analysts also recently weighed in on the company. ValuEngine upgraded CPI Card Group from a sell rating to a hold rating in a report on Friday, August 4th. BMO Capital Markets reduced their price target on 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. Zacks Investment Research downgraded CPI Card Group from a hold rating to a sell rating in a report on Wednesday, July 19th. Raymond James Financial, Inc. downgraded CPI Card Group from an outperform rating to a market perform rating in a report on Thursday, May 4th. Finally, Citigroup Inc. downgraded CPI Card Group from an outperform rating to a market perform rating in a report on Thursday, May 4th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $4.90.
CPI Card Group (PMTS) traded up 20.00% during trading on Wednesday, reaching $1.20. 936,739 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $2.62 and a 200-day moving average of $3.41. The stock’s market cap is $66.74 million. CPI Card Group has a 12 month low of $1.00 and a 12 month high of $6.41.
CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last issued its quarterly earnings results on Wednesday, August 2nd. The credit services provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.01. CPI Card Group had a negative net margin of 2.46% and a negative return on equity of 1.51%. The company had revenue of $65.85 million for the quarter, compared to the consensus estimate of $69.16 million. During the same quarter in the previous year, the business earned $0.05 earnings per share. CPI Card Group’s revenue was down 10.7% compared to the same quarter last year. On average, equities research analysts anticipate that CPI Card Group will post ($0.01) earnings per share for the current fiscal year.
In other CPI Card Group news, VP Jason Bohrer acquired 28,571 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average cost of $1.38 per share, with a total value of $39,427.98. Following the completion of the transaction, the vice president now directly owns 28,571 shares of the company’s stock, valued at approximately $39,427.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. acquired a new stake in CPI Card Group during the second quarter valued at approximately $109,000. Wells Fargo & Company MN boosted its stake in 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 during the period. Trust Co. of Virginia VA acquired a new stake in CPI Card Group during the first quarter valued at approximately $134,000. Highbridge Capital Management LLC acquired a new stake in CPI Card Group during the fourth quarter valued at approximately $143,000. Finally, Teachers Advisors LLC boosted its stake in 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 during the period. 22.16% of the stock is currently owned by institutional investors.
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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