CPI Card Group Inc. (NASDAQ:PMTS) Lowered to Sell at ValuEngine
CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Thursday.
A number of other research firms also recently commented on PMTS. Raymond James Financial, Inc. downgraded CPI Card Group from an “outperform” rating to a “market perform” rating in a report on Thursday, May 4th. Citigroup Inc. downgraded CPI Card Group from an “outperform” rating to a “market perform” rating in a report on Thursday, May 4th. Zacks Investment Research downgraded CPI Card Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Barrington Research downgraded CPI Card Group from a “market perform” rating to an “underperform” rating in a report on Thursday, August 3rd. Finally, BMO Capital Markets decreased their target price on CPI Card Group from $4.50 to $2.20 and set a “market perform” rating for the company in a report on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. CPI Card Group currently has an average rating of “Hold” and an average price target of $4.90.
Shares of CPI Card Group (PMTS) opened at 1.00 on Thursday. CPI Card Group has a 52-week low of $1.00 and a 52-week high of $6.41. The stock’s market cap is $55.61 million. The stock’s 50 day moving average is $2.62 and its 200 day moving average is $3.41.
CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last issued its quarterly earnings results on Wednesday, August 2nd. The credit services provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.01. The business had revenue of $65.85 million during the quarter, compared to analyst estimates of $69.16 million. CPI Card Group had a negative return on equity of 1.51% and a negative net margin of 2.46%. CPI Card Group’s revenue was down 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 EPS. On average, equities analysts predict that CPI Card Group will post ($0.01) EPS for the current fiscal year.
In other news, VP Jason Bohrer bought 28,571 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average price of $1.38 per share, with a total value of $39,427.98. Following the completion of the acquisition, the vice president now directly owns 28,571 shares of the company’s stock, valued at approximately $39,427.98. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.60% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. bought a new position in shares of CPI Card Group during the second quarter valued at $109,000. Wells Fargo & Company MN boosted its position 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. Trust Co. of Virginia VA bought a new position in shares of CPI Card Group during the first quarter valued at $134,000. Highbridge Capital Management LLC bought a new position in shares of CPI Card Group during the fourth quarter valued at $143,000. Finally, Teachers Advisors LLC boosted its position 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. Institutional investors own 22.16% of the company’s stock.
CPI Card Group Company Profile
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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