CPI Card Group Inc. (NASDAQ:PMTS) shares traded down 4.1% during mid-day trading on Monday . The stock traded as low as $4.34 and last traded at $4.39, with a volume of 135,664 shares traded. The stock had previously closed at $4.58.

Several research analysts have issued reports on the stock. Zacks Investment Research raised shares of CPI Card Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Craig Hallum assumed coverage on shares of CPI Card Group in a research report on Monday, June 27th. They set a “buy” rating and a $8.00 price objective on the stock. Robert W. Baird restated 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 target price for the stock 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 target price for the stock from $16.00 to $6.00 in a research note on Thursday, May 12th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $9.25.

The company’s 50 day moving average is $4.77 and its 200 day moving average is $6.58. The company has a market capitalization of $251.05 million and a PE ratio of 21.04.

CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings results 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 had revenue of $86.39 million for the quarter, compared to analysts’ expectations of $88.22 million. CPI Card Group’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 earnings per share. On average, equities analysts forecast that CPI Card Group Inc. will post $0.50 EPS for the current fiscal year.

In related news, CEO Steve Montross purchased 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The shares were purchased at an average cost of $4.36 per share, with a total value of $109,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,544,143 shares of the company’s stock, valued at approximately $6,732,463.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Chris Bakke purchased 18,292 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was bought at an average cost of $4.23 per share, for a total transaction of $77,375.16. Following the completion of the acquisition, the chief accounting officer now directly owns 18,292 shares of the company’s stock, valued at $77,375.16. 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 purchased a new stake in shares of CPI Card Group Inc. (NASDAQ:PMTS) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 186,980 shares of the company’s stock, valued at approximately $1,993,000. Bank of Montreal Can owned about 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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