CPI Card Group Inc (PMTS) was Reiterated by Craig Hallum to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 9 from a previous price target of $8 . Craig Hallum advised their investors in a research report released on Aug 29, 2016.
Many Wall Street Analysts have commented on CPI Card Group Inc. CPI Card Group Inc was Initiated by Craig Hallum to “Buy” on Jun 28, 2016.
On the company’s financial health, CPI Card Group Inc reported $0.05 EPS for the quarter, based on the information available during the earnings call on Aug 10, 2016. Analyst had a consensus estimate of $0.05. The company had revenue of $73.70 million for the quarter, compared to analysts expectations of $69.31 million. The company’s revenue was down -22.8 % compared to the same quarter last year.
In a different news, on Jun 16, 2016, Doug Pearce (director) purchased 8,300 shares at $4.53 per share price. According to the SEC, on Jun 6, 2016, Steve Montross (CEO) purchased 25,000 shares at $4.36 per share price. On May 16, 2016, Chris Bakke (Chief Accounting Officer) purchased 18,292 shares at $4.23 per share price, according to the Form-4 filing with the securities and exchange commission.
Cpi Card Group Inc is a United States-based global provider of payment solutions including card production card personalization mobile technologies and fulfillment services. It manufactures secured contactless smart cards and provides Financial Institutions with a range of products including contactless smart card using radio-frequency identification (RFID) contactless RFID stickers Europay MasterCard and Visa (EMV) cards MicroSD contactless physical access cards and contactless FOB. The Companys packaging services include card and package design card manufacturing and personalization secure packaging and distribution for multiple industries. It offers a suite of solutions for smart card programs in the financial commercial transit and government sectors. The Company offers a range of mailing and fulfillment solutions to compliment any type of card program. Its mailing and fulfillment solutions include packaging personalization and fulfillment.