B. Riley Brokers Boost Earnings Estimates for CPI Card Group

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

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

Separately, Lake Street Capital upped their price objective on 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 Stock Performance

Shares of NASDAQ PMTS traded down $1.34 during trading on Thursday, reaching $21.50. The stock had a trading volume of 24,274 shares, compared to its average volume of 28,032. CPI Card Group has a fifty-two week low of $12.65 and a fifty-two week high of $31.00. The business's 50-day moving average price is $25.41 and its 200-day moving average price is $25.31. The company has a market cap of $239.90 million, a P/E ratio of 14.05 and a beta of 1.15.

Insider Transactions at CPI Card Group

In other CPI Card Group news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the firm's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $21.00, for a total value of $28,980,000.00. Following the transaction, the insider now directly owns 4,813,977 shares of the company's stock, valued at $101,093,517. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other CPI Card Group news, Director Marc Sheinbaum acquired 2,000 shares of CPI Card Group stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $25.26 per share, for a total transaction of $50,520.00. Following the completion of the transaction, the director now owns 10,390 shares in the company, valued at approximately $262,451.40. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The stock was 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 in the company, valued at approximately $101,093,517. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Rhumbline Advisers boosted its holdings 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. Allspring Global Investments Holdings LLC bought a new stake in CPI Card Group during the third quarter worth about $205,000. Privium Fund Management UK Ltd bought a new stake in CPI Card Group during the second quarter worth about $257,000. Ritholtz Wealth Management bought a new stake in CPI Card Group during the third quarter worth about $449,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of CPI Card Group by 31.8% during the second quarter. Dimensional Fund Advisors LP now owns 23,979 shares of the company's stock valued at $653,000 after purchasing an additional 5,783 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.