Shares of CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) have been given an average recommendation of “Hold” by the eight analysts that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $2.85.

A number of research analysts recently issued reports on PMTS shares. ValuEngine cut CPI Card Group from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Zacks Investment Research cut CPI Card Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Barrington Research cut CPI Card Group from a “market perform” rating to an “underperform” rating in a report on Thursday, August 3rd. Finally, BMO Capital Markets cut their price target 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.

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Shares of CPI Card Group (NASDAQ:PMTS) traded down 4.76% during trading on Friday, reaching $1.00. 516,333 shares of the company’s stock traded hands. The stock has a 50-day moving average of $1.27 and a 200-day moving average of $2.74. CPI Card Group has a 1-year low of $0.86 and a 1-year high of $6.41. The company’s market capitalization is $55.61 million.

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

In related news, CTO Jay Arbabha bought 30,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was bought at an average cost of $1.05 per share, for a total transaction of $31,500.00. Following the transaction, the chief technology officer now owns 10,200 shares of the company’s stock, valued at $10,710. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jason Bohrer bought 28,571 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were bought at an average price of $1.38 per share, with a total value of $39,427.98. Following the completion of the transaction, the vice president now directly owns 28,571 shares in the company, valued at approximately $39,427.98. The disclosure for this purchase can be found here. Insiders have acquired a total of 112,046 shares of company stock valued at $129,750 over the last three months. Company insiders own 4.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC grew its position in shares of CPI Card Group by 28.5% during the 4th quarter. Teachers Advisors LLC now owns 43,218 shares of the credit services provider’s stock worth $179,000 after buying an additional 9,581 shares during the period. Wells Fargo & Company MN grew its position in shares of CPI Card Group by 509.0% during the 1st quarter. Wells Fargo & Company MN now owns 30,680 shares of the credit services provider’s stock worth $129,000 after buying an additional 25,642 shares during the period. Renaissance Technologies LLC grew its position in shares of CPI Card Group by 14.8% during the 1st quarter. Renaissance Technologies LLC now owns 305,800 shares of the credit services provider’s stock worth $1,284,000 after buying an additional 39,432 shares during the period. Ameriprise Financial Inc. grew its position in shares of CPI Card Group by 15.2% during the 1st 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. Finally, Bank of New York Mellon Corp grew its position in shares of CPI Card Group by 3.2% during the 1st quarter. Bank of New York Mellon Corp now owns 601,304 shares of the credit services provider’s stock worth $2,526,000 after buying an additional 18,633 shares during the period. Institutional investors own 19.83% 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.

Analyst Recommendations for CPI Card Group (NASDAQ:PMTS)

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