CPI Card Group Inc. (PMTS) Trading Down 3.3%
CPI Card Group Inc. (NASDAQ:PMTS) shares fell 3.3% during mid-day trading on Friday . The stock traded as low as $4.91 and last traded at $4.92, with a volume of 108,505 shares trading hands. The stock had previously closed at $5.09.
Several research firms have recently issued reports on PMTS. Zacks Investment Research upgraded shares of CPI Card Group from a “sell” rating to a “hold” rating in a report on Saturday, June 18th. CIBC cut shares of CPI Card Group from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, May 12th. Robert W. Baird cut shares of CPI Card Group from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $14.00 to $4.00 in a report on Thursday, May 12th. Craig Hallum initiated coverage on shares of CPI Card Group in a research note on Monday, June 27th. They set a “buy” rating and a $8.00 target price for the company. Finally, BMO Capital Markets lowered shares of CPI Card Group from an “outperform” rating to a “market perform” rating and cut their target price 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 given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.25.
The company’s 50 day moving average is $4.77 and its 200 day moving average is $6.21. The stock has a market capitalization of $277.57 million and a price-to-earnings ratio of 24.632.
CPI Card Group (NASDAQ:PMTS) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.01. The company had revenue of $73.70 million for the quarter, compared to analysts’ expectations of $69.45 million. The firm’s quarterly revenue was down 22.8% compared to the same quarter last year. Analysts forecast that CPI Card Group Inc. will post $0.49 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Friday, September 16th will be issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 3.58%. The ex-dividend date is Wednesday, September 14th.
In other news, CEO Steve Montross purchased 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The stock was purchased at an average cost of $4.36 per share, with a total value of $109,000.00. Following 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 accessible through this hyperlink. Also, Director Doug Pearce purchased 8,300 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The shares were purchased at an average cost of $4.49 per share, with a total value 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.
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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