B. Riley Brokers Boost Earnings Estimates for CPI Card Group

CPI Card Group Inc. (NASDAQ:PMTS) – Research analysts at B. Riley raised their Q4 2024 earnings per share estimates for CPI Card Group in a research report issued to clients and investors on Tuesday, November 5th. B. Riley analyst H. Goetsch now expects that the company will earn $0.39 per share for the quarter, up from their prior forecast of $0.38. The consensus estimate for CPI Card Group’s current full-year earnings is $2.06 per share.

Separately, Lake Street Capital boosted their target price 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 2.1 %

PMTS opened at $27.36 on Wednesday. CPI Card Group has a 1-year low of $12.65 and a 1-year high of $31.00. The company has a market cap of $305.34 million, a price-to-earnings ratio of 17.99 and a beta of 1.21. The company’s fifty day moving average price is $25.06 and its two-hundred day moving average price is $25.54.

CPI Card Group (NASDAQ:PMTS) last announced 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). CPI Card Group had a net margin of 4.11% and a negative return on equity of 35.79%. The business had revenue of $118.82 million for the quarter, compared to the consensus estimate of $111.85 million. During the same quarter last year, the firm posted $0.55 EPS.

Insider Activity at CPI Card Group

In related news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 4,813,977 shares of the company’s stock, valued at approximately $101,093,517. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $21.00, for a total transaction of $28,980,000.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sonya Vollmer sold 3,660 shares of the 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 disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

Institutional Trading of CPI Card Group

A number of institutional investors and hedge funds have recently modified their holdings of PMTS. Vector Capital Management L.P. boosted its position in CPI Card Group by 77.7% in the second quarter. Vector Capital Management L.P. now owns 248,737 shares of the company’s stock worth $6,778,000 after purchasing an additional 108,756 shares during the last quarter. Marshall Wace LLP raised its stake in shares of CPI Card Group by 139.0% during the 2nd quarter. Marshall Wace LLP now owns 39,273 shares of the company’s stock worth $1,070,000 after purchasing an additional 22,841 shares during the period. Ritholtz Wealth Management purchased a new position in shares of CPI Card Group in the 3rd quarter worth about $449,000. Vanguard Group Inc. grew its position in CPI Card Group by 3.1% during the first quarter. Vanguard Group Inc. now owns 340,945 shares of the company’s stock valued at $6,089,000 after buying an additional 10,265 shares during the period. Finally, Privium Fund Management UK Ltd bought a new position in CPI Card Group during the second quarter valued at about $257,000. 22.08% of the stock is owned by hedge funds and other institutional investors.

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.