B. Riley Brokers Lift Earnings Estimates for CPI Card Group

CPI Card Group Inc. (NASDAQ:PMTS - Free Report) - Equities researchers at B. Riley lifted their FY2025 earnings estimates for CPI Card Group in a note issued to investors on Tuesday, November 5th. B. Riley analyst H. Goetsch now anticipates that the company will earn $2.74 per share for the year, up from their previous estimate of $2.32. The consensus estimate for CPI Card Group's current full-year earnings is $2.06 per share.

Separately, Lake Street Capital upped their price target on shares of CPI Card Group from $22.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, August 6th.

CPI Card Group Trading Up 4.0 %

Shares of CPI Card Group stock traded up $1.07 during trading on Thursday, hitting $27.86. 27,511 shares of the stock traded hands, compared to its average volume of 28,488. CPI Card Group has a 52-week low of $12.65 and a 52-week high of $31.00. The stock's fifty day simple moving average is $25.09 and its 200 day simple moving average is $25.53. The firm has a market cap of $310.92 million, a P/E ratio of 18.07 and a beta of 1.21.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.05). CPI Card Group had a net margin of 4.11% and a negative return on equity of 35.79%. The company had revenue of $118.82 million for the quarter, compared to the consensus estimate of $111.85 million. During the same period in the prior year, the firm posted $0.55 EPS.

Insider Transactions at CPI Card Group

In other CPI Card Group news, insider Sonya Vollmer sold 3,660 shares of the business's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $25.10, for a total transaction of $91,866.00. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the company's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $21.00, for a total value of $28,980,000.00. Following the sale, the insider now directly owns 4,813,977 shares of the company's stock, valued at $101,093,517. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sonya Vollmer sold 3,660 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.10, for a total transaction of $91,866.00. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.

Hedge Funds Weigh In On CPI Card Group

Several large investors have recently made changes to their positions in PMTS. Vanguard Group Inc. grew its holdings in shares of CPI Card Group by 3.1% during the first quarter. Vanguard Group Inc. now owns 340,945 shares of the company's stock worth $6,089,000 after buying an additional 10,265 shares in the last quarter. Vector Capital Management L.P. boosted its stake in CPI Card Group by 77.7% during the second quarter. Vector Capital Management L.P. now owns 248,737 shares of the company's stock worth $6,778,000 after buying an additional 108,756 shares during the period. Bank of New York Mellon Corp boosted its stake in CPI Card Group by 7.6% during the second quarter. Bank of New York Mellon Corp now owns 44,773 shares of the company's stock worth $1,220,000 after buying an additional 3,158 shares during the period. Marshall Wace LLP boosted its stake in CPI Card Group by 139.0% during the second quarter. Marshall Wace LLP now owns 39,273 shares of the company's stock worth $1,070,000 after buying an additional 22,841 shares during the period. Finally, Pembroke Management LTD boosted its stake in shares of CPI Card Group by 48.7% in the third quarter. Pembroke Management LTD now owns 26,627 shares of the company's stock valued at $741,000 after purchasing an additional 8,720 shares during the period. 22.08% of the stock is currently owned by institutional investors and hedge funds.

CPI Card Group Company Profile

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing financial institutions.