H Sanford Riley Purchases 13,953 Shares of CPI Card Group (NASDAQ:PMTS) Stock

CPI Card Group Inc. (NASDAQ:PMTS) Chairman H. Riley purchased 13,953 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was acquired at an average cost of $21.50 per share, for a total transaction of $299,989.50. Following the completion of the acquisition, the chairman owned 277,232 shares in the company, valued at $5,960,488. This represents a 5.30% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

CPI Card Group Price Performance

PMTS stock opened at $24.29 on Wednesday. CPI Card Group Inc. has a 1-year low of $10.81 and a 1-year high of $31.25. The business has a 50 day simple moving average of $24.62 and a two-hundred day simple moving average of $19.51. The company has a market capitalization of $281.52 million, a price-to-earnings ratio of 21.12 and a beta of 0.97.

Analyst Ratings Changes

A number of analysts have issued reports on PMTS shares. Zacks Research downgraded shares of CPI Card Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. DA Davidson increased their price objective on shares of CPI Card Group from $30.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. B. Riley Financial restated a “buy” rating on shares of CPI Card Group in a research report on Friday, August 7th. Roth Capital reaffirmed a “buy” rating and issued a $32.00 target price on shares of CPI Card Group in a report on Tuesday, August 11th. Finally, Weiss Ratings upgraded CPI Card Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, CPI Card Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new position in CPI Card Group during the second quarter valued at $910,000. Creek Drive Management Group LLC bought a new stake in shares of CPI Card Group in the 4th quarter worth about $440,000. Walleye Capital LLC purchased a new position in shares of CPI Card Group during the 1st quarter worth about $358,000. Potomac Capital Management Inc. purchased a new position in shares of CPI Card Group during the 4th quarter worth about $337,000. Finally, Janney Montgomery Scott LLC grew its holdings in CPI Card Group by 10.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 14,736 shares of the company’s stock valued at $214,000 after purchasing an additional 1,346 shares during the last quarter. 22.08% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about CPI Card Group

Here are the key news stories impacting CPI Card Group this week:

• Positive Sentiment: Chairman H. Sanford Riley and directors Nicholas Peters, Ravi Mallela, and Marc Sheinbaum collectively purchased approximately $671,500 of PMTS stock at $21.50 per share. The broad-based insider buying may signal that company leadership views the shares as undervalued or expects continued business strength. CPI Card Group insider purchase reports
• Positive Sentiment: The stock was a major recent mover on trading volume well above its average. The momentum follows a strong advance from its 52-week low, while analysts maintain a generally favorable outlook, including a consensus “Moderate Buy” rating and an average price target of $30.25. Zacks PMTS stock analysis
• Neutral Sentiment: CPI Card Group completed a secondary public offering involving shares sold by existing stockholders. Since the company did not issue new shares, it did not receive new capital; the transaction may nevertheless increase the public float and improve liquidity. Secondary offering announcement
• Negative Sentiment: Major shareholder Equity ULC Parallel49 sold 2.69 million PMTS shares for approximately $54.9 million at an average price of $20.43. The sizable exit could create selling pressure or investor concern about shareholder conviction, despite potentially expanding the stock’s float. Parallel49 SEC filing
• Negative Sentiment: Zacks cautioned that recent earnings-estimate revision trends may not support continued near-term gains. This presents a fundamental risk to the rally, particularly with PMTS trading substantially above its 200-day moving average. Yahoo Finance PMTS analysis

CPI Card Group Company Profile

CPI Card Group Inc is a payment technology company that produces and supports payment cards for financial institutions, fintech companies, government agencies and other organizations. The company’s offerings include credit, debit and prepaid cards, along with card programs designed for consumer, commercial and government payments.

Its products and services include EMV chip cards, contactless and dual-interface cards, metal cards, environmentally focused card products, card personalization and fulfillment.