CPI Card Group Inc. (NASDAQ:PMTS) Lowered to Underperform at Barrington Research
Barrington Research lowered shares of CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) from a market perform rating to an underperform rating in a research note published on Thursday, MarketBeat Ratings reports.
PMTS has been the topic of a number of other reports. ValuEngine cut CPI Card Group from a hold rating to a sell rating in a research report on Friday, June 2nd. Raymond James Financial, Inc. cut CPI Card Group from an outperform rating to a market perform rating in a research report on Thursday, May 4th. Zacks Investment Research cut CPI Card Group from a hold rating to a sell rating in a research report on Wednesday, July 19th. Finally, Citigroup Inc. cut CPI Card Group from an outperform rating to a market perform rating in a research report on Thursday, May 4th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $4.90.
Shares of CPI Card Group (PMTS) traded down 0.6296% during trading on Thursday, reaching $1.3415. The company had a trading volume of 169,214 shares. The firm’s market capitalization is $74.61 million. CPI Card Group has a 12 month low of $1.30 and a 12 month high of $6.41. The stock has a 50 day moving average price of $2.77 and a 200 day moving average price of $3.53.
CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last released its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.01. The firm had revenue of $65.85 million for the quarter, compared to the consensus estimate of $69.16 million. CPI Card Group had a negative net margin of 2.46% and a negative return on equity of 1.55%. The business’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 earnings per share. On average, equities research analysts forecast that CPI Card Group will post $0.05 EPS for the current year.
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A number of hedge funds have recently made changes to their positions in PMTS. Renaissance Technologies LLC raised its stake in shares of CPI Card Group by 73.4% in the fourth quarter. Renaissance Technologies LLC now owns 266,368 shares of the credit services provider’s stock valued at $1,105,000 after buying an additional 112,768 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of CPI Card Group by 28.5% in the fourth quarter. Teachers Advisors LLC now owns 43,218 shares of the credit services provider’s stock valued at $179,000 after buying an additional 9,581 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in shares of CPI Card Group during the fourth quarter valued at approximately $143,000. Granite Investment Partners LLC bought a new stake in shares of CPI Card Group during the first quarter valued at approximately $1,552,000. Finally, Wells Fargo & Company MN raised its stake in shares of CPI Card Group by 509.0% in the first quarter. Wells Fargo & Company MN now owns 30,680 shares of the credit services provider’s stock valued at $129,000 after buying an additional 25,642 shares in the last quarter. 22.16% of the stock is currently owned by institutional investors and hedge funds.
About CPI Card Group
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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