Q4 Earnings Forecast for CPI Card Group Issued By B. Riley

CPI Card Group Inc. (NASDAQ:PMTS - Free Report) - Equities research analysts at B. Riley boosted their Q4 2024 earnings per share (EPS) estimates for CPI Card Group in a research note issued on Monday, October 28th. B. Riley analyst H. Goetsch now expects that the company will earn $0.38 per share for the quarter, up from their previous estimate of $0.36. The consensus estimate for CPI Card Group's current full-year earnings is $2.12 per share.

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

CPI Card Group Trading Down 4.2 %

PMTS stock traded down $0.95 during midday trading on Thursday, hitting $21.89. The company had a trading volume of 10,966 shares, compared to its average volume of 27,969. The stock has a market cap of $244.25 million, a price-to-earnings ratio of 14.93 and a beta of 1.15. The stock's 50 day moving average price is $25.51 and its 200 day moving average price is $25.34. CPI Card Group has a 52 week low of $12.65 and a 52 week high of $31.00.

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

Insider Transactions at CPI Card Group

In other news, Director Marc Sheinbaum bought 2,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $25.26 per share, for a total transaction of $50,520.00. Following the purchase, the director now owns 10,390 shares in the company, valued at $262,451.40. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Sonya Vollmer sold 3,660 shares of the company's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $25.10, for a total transaction of $91,866.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Marc Sheinbaum purchased 2,000 shares of the firm's stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $25.26 per share, with a total value of $50,520.00. Following the completion of the purchase, the director now directly owns 10,390 shares in the company, valued at $262,451.40. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.20% of the company's stock.

Hedge Funds Weigh In On CPI Card Group

A number of hedge funds and other institutional investors have recently made changes to their positions in PMTS. Pembroke Management LTD increased its holdings in shares of CPI Card Group by 48.7% during the third quarter. Pembroke Management LTD now owns 26,627 shares of the company's stock valued at $741,000 after acquiring an additional 8,720 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of CPI Card Group in the third quarter valued at approximately $205,000. Ritholtz Wealth Management purchased a new position in CPI Card Group during the third quarter valued at $449,000. Vector Capital Management L.P. increased its stake in CPI Card Group by 77.7% during the 2nd 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 in the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of CPI Card Group by 139.0% in the second quarter. Marshall Wace LLP now owns 39,273 shares of the company's stock worth $1,070,000 after acquiring an additional 22,841 shares during the last quarter. Institutional investors own 22.08% of the company's stock.

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.