CPI Card Group (NASDAQ:PMTS) Insider Donna Abbey Carmignani Sells 4,870 Shares of 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 sale, the insider directly owned 5,478 shares of the company’s stock, valued at approximately $83,922.96. This trade represents a 47.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

CPI Card Group Stock Down 0.3%

PMTS stock opened at $15.78 on Thursday. The firm has a market capitalization of $181.15 million, a PE ratio of 15.47 and a beta of 1.10. CPI Card Group Inc. has a twelve month low of $10.81 and a twelve month high of $25.50. The stock has a 50-day simple moving average of $15.91 and a two-hundred day simple moving average of $14.67.

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

Hedge Funds Weigh In On CPI Card Group

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in CPI Card Group by 5.7% in the third quarter. Vanguard Group Inc. now owns 498,101 shares of the company’s stock worth $7,541,000 after purchasing an additional 26,848 shares during the period. Vector Capital Management L.P. grew its stake in shares of CPI Card Group by 18.6% in the third quarter. Vector Capital Management L.P. now owns 459,314 shares of the company’s stock worth $6,954,000 after acquiring an additional 71,891 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its stake in shares of CPI Card Group by 13.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 442,464 shares of the company’s stock worth $6,495,000 after acquiring an additional 51,139 shares during the last quarter. Wasatch Advisors LP grew its stake in shares of CPI Card Group by 56.3% in the second quarter. Wasatch Advisors LP now owns 357,754 shares of the company’s stock worth $8,486,000 after acquiring an additional 128,808 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of CPI Card Group by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 145,450 shares of the company’s stock worth $2,136,000 after acquiring an additional 7,236 shares during the last quarter. 22.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PMTS has been the subject of a number of recent research reports. Roth Mkm restated a “buy” rating and issued a $25.00 target price on shares of CPI Card Group in a research report on Tuesday, May 5th. DA Davidson restated a “buy” rating and issued a $30.00 target price on shares of CPI Card Group in a research report on Wednesday, March 11th. Wall Street Zen downgraded CPI Card Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Lake Street Capital reiterated a “buy” rating and issued a $27.00 price objective on shares of CPI Card Group in a research report on Wednesday, May 6th. Finally, Weiss Ratings upgraded CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, CPI Card Group presently has a consensus rating of “Moderate Buy” and a consensus price target 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.