Shares of CPI Card Group Inc. (NASDAQ:PMTS) traded down 4.4% during trading on Monday . The stock traded as low as $4.76 and last traded at $4.78, with a volume of 124,667 shares traded. The stock had previously closed at $5.00.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of CPI Card Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Craig Hallum began coverage on shares of CPI Card Group in a research note on Monday, June 27th. They issued a “buy” rating and a $8.00 price objective for the company. Robert W. Baird reiterated a “hold” rating on shares of CPI Card Group in a research note on Monday, May 16th. Goldman Sachs Group Inc. cut shares of CPI Card Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $15.00 to $7.00 in a research note on Thursday, May 12th. Finally, BMO Capital Markets cut shares of CPI Card Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $16.00 to $6.00 in a research note on Thursday, May 12th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $9.25.

The stock has a 50-day moving average price of $4.66 and a 200 day moving average price of $7.13. The firm has a market capitalization of $270.27 million and a P/E ratio of 22.65.

CPI Card Group (NASDAQ:PMTS) last released its quarterly earnings data on Wednesday, May 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.01. The company earned $86.39 million during the quarter, compared to analyst estimates of $88.22 million. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 earnings per share. On average, equities analysts expect that CPI Card Group Inc. will post $0.50 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Thursday, June 16th were issued a dividend of $0.045 per share. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $0.18 annualized dividend and a dividend yield of 3.77%.

In other news, CAO Chris Bakke purchased 18,292 shares of the stock in a transaction dated Monday, May 16th. The shares were purchased at an average cost of $4.23 per share, with a total value of $77,375.16. Following the acquisition, the chief accounting officer now directly owns 18,292 shares of the company’s stock, valued at $77,375.16. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Doug Pearce purchased 8,300 shares of the stock in a transaction dated Monday, June 13th. The shares were purchased at an average cost of $4.49 per share, for a total transaction of $37,267.00. Following the completion of the acquisition, the director now directly owns 5,125 shares in the company, valued at $23,011.25. The disclosure for this purchase can be found here.

A hedge fund recently bought a new stake in CPI Card Group stock. Bank of Montreal Can bought a new position in CPI Card Group Inc. (NASDAQ:PMTS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 186,980 shares of the company’s stock, valued at approximately $1,993,000. Bank of Montreal Can owned approximately 0.33% of CPI Card Group as of its most recent SEC filing.

CPI Card Group Inc, formerly CPI Holdings I, Inc, provides Financial Payment Card solutions in North America. The Company is engaged in the design, production, data personalization, packaging and fulfillment of Financial Payment Cards, which it defines as credit cards, debit cards and prepaid debit cards issued on the networks of the Payment Card Brands in the United States, Europe and Canada.

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