Insider Selling: CPI Card Group (NASDAQ:PMTS) Insider Sells $74,608.40 in Stock

CPI Card Group Inc. (NASDAQ:PMTS) insider Donna Abbey Carmignani sold 4,870 shares of CPI Card Group stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $15.32, for a total value of $74,608.40. Following the completion of the transaction, the insider owned 5,478 shares of the company’s stock, valued at approximately $83,922.96. This represents a 47.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CPI Card Group Trading Up 3.9%

PMTS opened at $16.76 on Friday. The firm has a market cap of $192.34 million, a P/E ratio of 16.43 and a beta of 1.10. CPI Card Group Inc. has a 12 month low of $10.81 and a 12 month high of $25.50. The stock has a 50-day moving average of $16.07 and a 200 day moving average of $14.68.

CPI Card Group (NASDAQ:PMTS) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. The company had revenue of $147.11 million during the quarter, compared to analyst estimates of $134.69 million. CPI Card Group had a negative return on equity of 92.16% and a net margin of 2.15%. On average, research analysts forecast that CPI Card Group Inc. will post 1.89 earnings per share for the current fiscal year.

Institutional Trading of CPI Card Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new stake in shares of CPI Card Group during the fourth quarter valued at approximately $29,000. Los Angeles Capital Management LLC bought a new stake in shares of CPI Card Group during the fourth quarter valued at approximately $52,000. Lazard Asset Management LLC raised its stake in shares of CPI Card Group by 100.4% during the second quarter. Lazard Asset Management LLC now owns 2,928 shares of the company’s stock valued at $69,000 after acquiring an additional 1,467 shares in the last quarter. IFP Advisors Inc raised its stake in shares of CPI Card Group by 37.0% during the third quarter. IFP Advisors Inc now owns 5,949 shares of the company’s stock valued at $91,000 after acquiring an additional 1,607 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of CPI Card Group by 73.1% during the fourth quarter. Wells Fargo & Company MN now owns 6,769 shares of the company’s stock valued at $99,000 after acquiring an additional 2,859 shares in the last quarter. Institutional investors own 22.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Roth Mkm reiterated a “buy” rating and issued a $25.00 price target on shares of CPI Card Group in a research report on Tuesday, May 5th. Wall Street Zen downgraded shares of CPI Card Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Lake Street Capital reissued a “buy” rating and issued a $27.00 price objective on shares of CPI Card Group in a research note on Wednesday, May 6th. Weiss Ratings raised shares of CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Finally, DA Davidson reissued a “buy” rating and issued a $30.00 price objective on shares of CPI Card Group in a research note on Wednesday, March 11th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.50.

About CPI Card Group

CPI Card Group, Inc (NASDAQ: PMTS) is a leading provider of payment, identification and related credential solutions for financial institutions, governments and private enterprises. The company specializes in the design, manufacturing and personalization of secure plastic and metal cards, including EMV chip, magnetic-stripe and contactless cards. CPI Card Group also offers digital credentialing services and cloud-based card management tools that enable real-time controls, mobile wallet integration, fraud monitoring and analytics.

With a focus on security and innovation, CPI Card Group integrates advanced features such as holograms, microprinting, RFID/NFC technology and laser-engraved artwork into its card products.