FY2024 EPS Estimates for CPI Card Group Inc. Raised by Roth Capital (NASDAQ:PMTS)

CPI Card Group Inc. (NASDAQ:PMTS) – Equities researchers at Roth Capital raised their FY2024 earnings per share estimates for shares of CPI Card Group in a research note issued on Wednesday, May 8th. Roth Capital analyst C. Irwin now forecasts that the company will post earnings of $2.47 per share for the year, up from their previous forecast of $2.30. Roth Capital has a “Buy” rating on the stock. The consensus estimate for CPI Card Group’s current full-year earnings is $2.12 per share.

Separately, Roth Mkm assumed coverage on CPI Card Group in a research note on Friday, February 23rd. They issued a “buy” rating and a $40.00 target price on the stock. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $35.50.

CPI Card Group Trading Up 2.9 %

NASDAQ PMTS opened at $21.14 on Thursday. CPI Card Group has a 1-year low of $12.65 and a 1-year high of $42.00. The firm’s fifty day simple moving average is $17.74 and its 200-day simple moving average is $17.79. The company has a market capitalization of $240.59 million, a PE ratio of 10.47 and a beta of 1.02.

CPI Card Group (NASDAQ:PMTS) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $102.87 million for the quarter, compared to the consensus estimate of $104.70 million. CPI Card Group had a net margin of 5.40% and a negative return on equity of 39.59%. During the same period in the previous year, the firm posted $1.06 earnings per share.

Insiders Place Their Bets

In other news, major shareholder Equity Ulc Parallel49 sold 244,314 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $18.03, for a total transaction of $4,404,981.42. Following the transaction, the insider now owns 6,314,511 shares in the company, valued at approximately $113,850,633.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Trivant Custom Portfolio Group LLC acquired a new stake in CPI Card Group in the 4th quarter worth $31,000. Allspring Global Investments Holdings LLC bought a new position in CPI Card Group during the third quarter valued at about $84,000. Navellier & Associates Inc. acquired a new position in CPI Card Group in the 4th quarter valued at approximately $275,000. Denali Advisors LLC lifted its position in shares of CPI Card Group by 19.0% in the 1st quarter. Denali Advisors LLC now owns 16,300 shares of the company’s stock worth $291,000 after acquiring an additional 2,600 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in shares of CPI Card Group in the 4th quarter worth approximately $380,000. Institutional investors and hedge funds own 22.08% of the company’s stock.

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.