FY2024 EPS Estimate for CPI Card Group Decreased by Analyst

CPI Card Group Inc. (NASDAQ:PMTS - Free Report) - Research analysts at B. Riley cut their FY2024 EPS estimates for shares of CPI Card Group in a note issued to investors on Tuesday, November 5th. B. Riley analyst H. Goetsch now forecasts that the company will post earnings of $1.48 per share for the year, down from their previous forecast of $1.69. The consensus estimate for CPI Card Group's current full-year earnings is $2.43 per share.

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

CPI Card Group Stock Up 2.0 %

Shares of NASDAQ PMTS traded up $0.55 during trading on Friday, hitting $27.91. 28,983 shares of the company traded hands, compared to its average volume of 28,548. CPI Card Group has a 1 year low of $12.65 and a 1 year high of $31.00. The company has a 50-day moving average price of $25.04 and a 200-day moving average price of $25.55. The firm has a market capitalization of $311.48 million, a P/E ratio of 21.18 and a beta of 1.21.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.05). CPI Card Group had a net margin of 3.38% and a negative return on equity of 46.90%. The company had revenue of $118.82 million for the quarter, compared to analysts' expectations of $111.85 million. During the same period in the prior year, the firm earned $0.55 earnings per share.

Insider Activity 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 on Friday, September 13th. The shares were sold at an average price of $25.10, for a total value of $91,866.00. The sale was disclosed in a document filed with the SEC, which is available at this link. In other CPI Card Group news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the business'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 transaction, the insider now owns 4,813,977 shares in the company, valued at $101,093,517. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sonya Vollmer sold 3,660 shares of the business's stock in a transaction on Friday, September 13th. The stock was 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. Company insiders own 2.20% of the company's stock.

Hedge Funds Weigh In On CPI Card Group

Large investors have recently modified their holdings of the stock. Rhumbline Advisers grew its stake in CPI Card Group by 32.8% in the second quarter. Rhumbline Advisers now owns 6,302 shares of the company's stock worth $172,000 after purchasing an additional 1,555 shares in the last quarter. Linden Thomas Advisory Services LLC grew its stake in CPI Card Group by 10.2% in the second quarter. Linden Thomas Advisory Services LLC now owns 24,653 shares of the company's stock worth $672,000 after purchasing an additional 2,283 shares in the last quarter. Bank of New York Mellon Corp grew its stake in CPI Card Group by 7.6% in the second quarter. Bank of New York Mellon Corp now owns 44,773 shares of the company's stock worth $1,220,000 after purchasing an additional 3,158 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in CPI Card Group by 31.8% in the second quarter. Dimensional Fund Advisors LP now owns 23,979 shares of the company's stock worth $653,000 after purchasing an additional 5,783 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in CPI Card Group in the third quarter worth about $205,000. Institutional investors own 22.08% of the company's stock.

About CPI Card Group

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.