B. Riley Has Positive View of CPI Card Group FY2025 Earnings

CPI Card Group Inc. (NASDAQ:PMTS) – B. Riley boosted their FY2025 earnings per share (EPS) 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 post earnings per share of $2.74 for the year, up from their previous forecast of $2.32. The consensus estimate for CPI Card Group’s current full-year earnings is $2.06 per share.

Separately, Lake Street Capital upped their price objective 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 Price Performance

PMTS opened at $27.36 on Thursday. The stock has a market cap of $305.34 million, a P/E ratio of 17.99 and a beta of 1.21. The firm has a fifty day moving average price of $25.06 and a 200 day moving average price of $25.54. CPI Card Group has a 1 year low of $12.65 and a 1 year high of $31.00.

CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings data 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 negative return on equity of 35.79% and a net margin of 4.11%. The firm had revenue of $118.82 million for the quarter, compared to analyst estimates of $111.85 million. During the same period in the previous year, the business earned $0.55 EPS.

Insider Activity

In related 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 completion of the sale, the insider now owns 4,813,977 shares of the company’s stock, valued at approximately $101,093,517. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of CPI Card Group stock in a transaction dated 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 sale, the insider now owns 4,813,977 shares in the company, valued at $101,093,517. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sonya Vollmer sold 3,660 shares of the business’s stock in a transaction dated 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. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On CPI Card Group

A number of hedge funds have recently made changes to their positions in PMTS. Pembroke Management LTD increased its position 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 worth $741,000 after purchasing an additional 8,720 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in CPI Card Group during the 3rd quarter worth $205,000. Ritholtz Wealth Management purchased a new stake in shares of CPI Card Group during the third quarter worth $449,000. Vector Capital Management L.P. raised its position in shares of 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 valued at $6,778,000 after buying an additional 108,756 shares during the last quarter. Finally, Marshall Wace LLP lifted 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 buying an additional 22,841 shares in the last quarter. 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.