CPI Card Group Inc. (NASDAQ:PMTS) Insider Sonya Vollmer Sells 3,660 Shares of Stock

CPI Card Group Inc. (NASDAQ:PMTS) insider Sonya Vollmer sold 3,660 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.10, for a total value of $91,866.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

CPI Card Group Stock Performance

CPI Card Group stock opened at $26.52 on Wednesday. The business’s fifty day moving average is $27.53 and its two-hundred day moving average is $23.86. The firm has a market cap of $294.90 million, a P/E ratio of 16.89 and a beta of 1.15. CPI Card Group Inc. has a 52 week low of $12.65 and a 52 week high of $31.00.

CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings results 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). The company had revenue of $118.82 million for the quarter, compared to analyst estimates 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 quarter last year, the company earned $0.55 EPS. On average, equities research analysts predict that CPI Card Group Inc. will post 2.12 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Lake Street Capital increased their price objective on CPI Card Group from $22.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. StockNews.com upgraded shares of CPI Card Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 19th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $34.67.

Institutional Trading of CPI Card Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Denali Advisors LLC lifted its holdings in CPI Card Group by 19.0% during the 1st quarter. Denali Advisors LLC now owns 16,300 shares of the company’s stock worth $291,000 after buying an additional 2,600 shares in the last quarter. Vanguard Group Inc. boosted its holdings in CPI Card Group by 3.1% in the first quarter. Vanguard Group Inc. now owns 340,945 shares of the company’s stock valued at $6,089,000 after acquiring an additional 10,265 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its holdings 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 valued at $672,000 after acquiring an additional 2,283 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of CPI Card Group by 7.6% during the 2nd 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. Finally, Rhumbline Advisers grew its holdings in CPI Card Group by 32.8% during the 2nd quarter. Rhumbline Advisers now owns 6,302 shares of the company’s stock worth $172,000 after acquiring an additional 1,555 shares during the period. Institutional investors and hedge funds 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.