Insider Buying: CPI Card Group Inc. (NASDAQ:PMTS) VP Acquires $39,427.98 in Stock

CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) VP Jason Bohrer bought 28,571 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average price of $1.38 per share, for a total transaction of $39,427.98. Following the completion of the purchase, the vice president now directly owns 28,571 shares in the company, valued at approximately $39,427.98. The transaction was disclosed in a filing with the SEC, which is available through this link.

CPI Card Group Inc. (PMTS) traded up 4.17% on Friday, reaching $1.25. 537,289 shares of the company were exchanged. The firm’s market capitalization is $69.52 million. The stock has a 50 day moving average of $2.55 and a 200 day moving average of $3.37. CPI Card Group Inc. has a 12-month low of $1.00 and a 12-month high of $6.41.

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

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A number of hedge funds have recently bought and sold shares of the company. Teachers Advisors LLC raised its stake in CPI Card Group by 21.3% in the second quarter. Teachers Advisors LLC now owns 43,683 shares of the credit services provider’s stock valued at $124,000 after buying an additional 7,658 shares during the period. Bank of New York Mellon Corp raised its stake in CPI Card Group by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 601,304 shares of the credit services provider’s stock valued at $2,526,000 after buying an additional 18,633 shares during the period. Wells Fargo & Company MN raised 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. CIBC World Markets Inc. raised its stake in CPI Card Group by 28.9% in the second quarter. CIBC World Markets Inc. now owns 135,875 shares of the credit services provider’s stock valued at $387,000 after buying an additional 30,450 shares during the period. Finally, Trust Co. of Virginia VA purchased a new stake in CPI Card Group during the first quarter valued at about $134,000. 22.16% of the stock is currently owned by hedge funds and other institutional investors.

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

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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