CPI Card Group FY2024 EPS Forecast Reduced by Roth Capital

CPI Card Group Inc. (NASDAQ:PMTS) – Stock analysts at Roth Capital decreased their FY2024 earnings estimates for CPI Card Group in a research report issued to clients and investors on Wednesday, November 6th. Roth Capital analyst C. Irwin now anticipates that the company will post earnings per share of $1.78 for the year, down from their previous estimate of $2.43. The consensus estimate for CPI Card Group’s current full-year earnings is $2.43 per share.

Separately, Lake Street Capital boosted their price target on CPI Card Group from $22.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th.

CPI Card Group Stock Up 2.0 %

Shares of NASDAQ PMTS opened at $27.91 on Friday. The company has a market capitalization of $311.48 million, a PE ratio of 21.18 and a beta of 1.21. The firm has a fifty day simple moving average of $25.04 and a 200 day simple moving average of $25.55. CPI Card Group has a twelve month low of $12.65 and a twelve month high of $31.00.

Institutional Trading of CPI Card Group

Several large investors have recently bought and sold shares of PMTS. Rhumbline Advisers grew its stake in CPI Card Group by 32.8% in the second quarter. Rhumbline Advisers now owns 6,302 shares of the company’s stock worth $172,000 after purchasing an additional 1,555 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in CPI Card Group during the 3rd quarter valued at $205,000. Privium Fund Management UK Ltd purchased a new position in CPI Card Group in the 2nd quarter worth about $257,000. Ritholtz Wealth Management bought a new stake in shares of CPI Card Group in the third quarter worth approximately $449,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of CPI Card Group by 31.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 23,979 shares of the company’s stock valued at $653,000 after buying an additional 5,783 shares during the period. 22.08% of the stock is owned by institutional investors.

Insider Activity at CPI Card Group

In other news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $21.00, for a total transaction of $28,980,000.00. Following the completion of the sale, the insider now owns 4,813,977 shares in the company, valued at $101,093,517. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of CPI Card Group stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $21.00, for a total transaction of $28,980,000.00. Following the completion of the sale, the insider now owns 4,813,977 shares of the company’s stock, valued at approximately $101,093,517. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sonya Vollmer sold 3,660 shares of CPI Card Group stock in a transaction on Friday, September 13th. The stock was sold at an average price of $25.10, for a total transaction of $91,866.00. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

About CPI Card Group

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing financial institutions.