CPI Card Group Inc. (PMTS) Sees Large Volume Increase
CPI Card Group Inc. (NASDAQ:PMTS) shares saw strong trading volume on Thursday . 340,804 shares traded hands during trading, an increase of 32% from the previous session’s volume of 258,126 shares.The stock last traded at $4.85 and had previously closed at $4.82.
PMTS has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of CPI Card Group from a “hold” rating to a “sell” rating in a report on Tuesday. Craig Hallum initiated coverage on shares of CPI Card Group in a report on Monday, June 27th. They issued a “buy” rating and a $8.00 target price on the stock. Robert W. Baird restated a “hold” rating on shares of CPI Card Group in a report on Monday, May 16th. Goldman Sachs Group Inc. lowered shares of CPI Card Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $15.00 to $7.00 in a report on Thursday, May 12th. Finally, BMO Capital Markets lowered shares of CPI Card Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $16.00 to $6.00 in a report on Thursday, May 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. CPI Card Group presently has a consensus rating of “Hold” and an average target price of $9.25.
The company has a market capitalization of $268.46 million and a PE ratio of 23.82. The firm’s 50 day moving average is $4.75 and its 200-day moving average is $6.34.
CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.01. The firm had revenue of $73.70 million for the quarter, compared to analysts’ expectations of $69.45 million. The business’s revenue for the quarter was down 22.8% on a year-over-year basis. On average, analysts predict that CPI Card Group Inc. will post $0.49 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Stockholders of record on Friday, September 16th will be issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Wednesday, September 14th.
In other CPI Card Group news, Director Doug Pearce bought 8,300 shares of CPI Card Group stock in a transaction that occurred on Monday, June 13th. The shares were bought at an average price of $4.49 per share, with a total value of $37,267.00. Following the acquisition, the director now owns 5,125 shares in the company, valued at $23,011.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steve Montross bought 25,000 shares of CPI Card Group stock in a transaction that occurred on Thursday, June 2nd. The shares were acquired at an average cost of $4.36 per share, for a total transaction of $109,000.00. Following the acquisition, the chief executive officer now owns 1,544,143 shares in the company, valued at approximately $6,732,463.48. The disclosure for this purchase can be found here.
An institutional investor recently bought a new position in CPI Card Group stock. Bank of Montreal Can bought 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.