FY2024 EPS Estimates for CPI Card Group Cut by B. Riley

CPI Card Group Inc. (NASDAQ:PMTS) – Research analysts at B. Riley lowered their FY2024 EPS estimates for CPI Card Group in a report released on Tuesday, November 5th. B. Riley analyst H. Goetsch now expects that the company will post earnings per share of $1.48 for the year, down from their previous forecast of $1.69. The consensus estimate for CPI Card Group’s current full-year earnings is $2.43 per share.

Separately, Lake Street Capital raised their price objective on shares of CPI Card Group from $22.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, August 6th.

CPI Card Group Stock Up 2.0 %

Shares of CPI Card Group stock opened at $27.91 on Friday. CPI Card Group has a 52-week low of $12.65 and a 52-week high of $31.00. The company has a market capitalization of $311.48 million, a P/E ratio of 21.31 and a beta of 1.21. The company has a 50 day moving average of $25.02 and a 200 day moving average of $25.62.

Insider Activity

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

Institutional Trading of CPI Card Group

Large investors have recently made changes to their positions in the company. Vector Capital Management L.P. increased its position in CPI Card Group by 77.7% during the second quarter. Vector Capital Management L.P. now owns 248,737 shares of the company’s stock worth $6,778,000 after buying an additional 108,756 shares during the period. Marshall Wace LLP increased its holdings in shares of CPI Card Group by 139.0% in the 2nd quarter. Marshall Wace LLP now owns 39,273 shares of the company’s stock valued at $1,070,000 after acquiring an additional 22,841 shares during the period. Ritholtz Wealth Management purchased a new stake in CPI Card Group in the 3rd quarter valued at $449,000. Vanguard Group Inc. boosted its stake in CPI Card Group by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 340,945 shares of the company’s stock worth $6,089,000 after purchasing an additional 10,265 shares during the period. Finally, Privium Fund Management UK Ltd purchased a new position in CPI Card Group during the 2nd quarter worth $257,000. 22.08% of the stock is owned by institutional investors and hedge funds.

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.