Shares of CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) shot up 5.2% on Friday . The stock traded as high as $1.09 and last traded at $1.01. 680,861 shares changed hands during mid-day trading, an increase of 51% from the average session volume of 449,525 shares. The stock had previously closed at $0.96.

Several research firms have recently weighed in on PMTS. ValuEngine cut shares of CPI Card Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Barrington Research cut shares of CPI Card Group from a “market perform” rating to an “underperform” rating in a research note on Wednesday, August 9th. BMO Capital Markets dropped their price target on shares of CPI Card Group from $4.50 to $2.20 and set a “market perform” rating for the company in a research note on Thursday, August 3rd. Finally, Zacks Investment Research cut shares of CPI Card Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Four research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $2.85.

The firm has a 50-day moving average price of $1.60 and a 200-day moving average price of $2.88. The company’s market capitalization is $56.17 million.

CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last posted its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.01. The firm had revenue of $65.85 million during the quarter, compared to analyst estimates of $69.16 million. CPI Card Group had a negative net margin of 2.46% and a negative return on equity of 1.51%. The business’s quarterly revenue was down 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. Equities analysts expect that CPI Card Group Inc. will post ($0.01) earnings per share for the current fiscal year.

In other CPI Card Group news, insider Lisa Jacoba acquired 43,475 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was bought at an average cost of $1.10 per share, for a total transaction of $47,822.50. Following the completion of the purchase, the insider now directly owns 86,423 shares in the company, valued at $95,065.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jay Arbabha acquired 30,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were acquired at an average price of $1.05 per share, with a total value of $31,500.00. Following the completion of the purchase, the chief technology officer now owns 10,200 shares of the company’s stock, valued at $10,710. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 112,046 shares of company stock valued at $129,750. 4.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PMTS. Ameriprise Financial Inc. grew its stake in CPI Card Group by 15.2% during the first quarter. Ameriprise Financial Inc. now owns 3,865,591 shares of the credit services provider’s stock worth $16,235,000 after buying an additional 509,600 shares during the period. Bank of Montreal Can grew its stake in CPI Card Group by 753.0% during the second quarter. Bank of Montreal Can now owns 263,564 shares of the credit services provider’s stock worth $751,000 after buying an additional 232,664 shares during the period. RMB Capital Management LLC grew its stake in CPI Card Group by 166.8% during the first quarter. RMB Capital Management LLC now owns 346,189 shares of the credit services provider’s stock worth $1,454,000 after buying an additional 216,414 shares during the period. Thompson Investment Management Inc. grew its stake in CPI Card Group by 143.0% during the second quarter. Thompson Investment Management Inc. now owns 300,863 shares of the credit services provider’s stock worth $857,000 after buying an additional 177,050 shares during the period. Finally, Scotia Capital Inc. grew its stake in CPI Card Group by 114.6% during the second quarter. Scotia Capital Inc. now owns 282,391 shares of the credit services provider’s stock worth $797,000 after buying an additional 150,821 shares during the period. Institutional investors own 19.83% of the company’s stock.

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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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