Nicholas Peters Purchases 11,628 Shares of CPI Card Group (NASDAQ:PMTS) Stock

CPI Card Group Inc. (NASDAQ:PMTS) Director Nicholas Peters purchased 11,628 shares of CPI Card Group stock in a transaction on Monday, September 14th. The shares were acquired at an average cost of $21.50 per share, with a total value of $250,002.00. Following the completion of the transaction, the director directly owned 11,628 shares in the company, valued at $250,002. The trade was a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

CPI Card Group Price Performance

PMTS stock opened at $24.29 on Wednesday. The firm’s fifty day simple moving average is $24.62 and its 200-day simple moving average is $19.51. The company has a market capitalization of $281.52 million, a P/E ratio of 21.12 and a beta of 0.97. CPI Card Group Inc. has a 12 month low of $10.81 and a 12 month high of $31.25.

Key Headlines Impacting 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

Hedge Funds Weigh In On CPI Card Group

Large investors have recently made changes to their positions in the company. Ancora Advisors LLC purchased a new stake in CPI Card Group during the second quarter worth $41,000. Lazard Asset Management LLC purchased a new position in CPI Card Group in the first quarter valued at $157,000. Janney Montgomery Scott LLC increased its holdings in CPI Card Group by 10.1% in the first quarter. Janney Montgomery Scott LLC now owns 14,736 shares of the company’s stock valued at $214,000 after buying an additional 1,346 shares in the last quarter. Potomac Capital Management Inc. acquired a new position in shares of CPI Card Group in the fourth quarter worth about $337,000. Finally, Walleye Capital LLC acquired a new position in shares of CPI Card Group in the first quarter worth about $358,000. 22.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

About CPI Card Group

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.