Date | Price Target | Rating | Analyst |
---|---|---|---|
2/23/2024 | $40.00 | Buy | ROTH MKM |
9/19/2023 | $31.00 | Buy | B. Riley Securities |
12/16/2021 | $26.00 | Buy | Lake Street |
4 - CPI Card Group Inc. (0001641614) (Issuer)
4 - CPI Card Group Inc. (0001641614) (Issuer)
4 - CPI Card Group Inc. (0001641614) (Issuer)
Net Sales Increased 3% to $119 Million; Net Income Decreased 8% to $6 Million; Adjusted EBITDA Decreased 6% to $22 Million Debit and Credit and Prepaid Debit Segments Each Deliver Growth; Card Sales Trends Continue to Improve Company Increases Full Year Net Sales Outlook to Mid-single Digit Growth CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company"), a payments technology company and leading provider of credit, debit, and prepaid card and digital solutions, including Software-as-a-Service-based instant issuance, today reported financial results for the second quarter ended June 30, 2024 and updated its financial outlook for 2024. In the second quarter net sales increased 3% to
Company also announces it will participate in the KeyBanc Technology Leadership Forum on August 6, 2024 CPI Card Group Inc. (NASDAQ:PMTS) ("CPI Card Group"), a payments technology company and leading provider of credit, debit, and prepaid card and digital solutions, including Software-as-a-Service-based instant issuance, today announced it will host a webcast and conference call on Monday August 5, 2024 at 4:30 p.m. Eastern Time (ET) to discuss its second quarter financial results. Participating on the call will be President and Chief Executive Officer John Lowe and Chief Financial Officer Jeff Hochstadt. The Company also announced that it will be participating in the KeyBanc Technology
Net Sales Decreased 7% to $112 Million; Net Income Decreased 50% to $5 Million; Adjusted EBITDA Decreased 8% to $23 Million Net Sales, Net Income, and Adjusted EBITDA Increased from Fourth Quarter Levels Company Continues to Anticipate Gradual Market Recovery in 2024; Affirms Full Year Net Sales and Adjusted EBITDA Outlook CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company"), a payments technology company and leading provider of credit, debit, and prepaid card and digital solutions, including Software-as-a-Service-based instant issuance, today reported financial results for the first quarter ended March 31, 2024 and updated its financial outlook for 2024. As anticipated, first
10-Q - CPI Card Group Inc. (0001641614) (Filer)
8-K - CPI Card Group Inc. (0001641614) (Filer)
8-K - CPI Card Group Inc. (0001641614) (Filer)
Rippleshot's AI-based platform helps financial institutions proactively prevent payment card fraud CPI Card Group Inc. (NASDAQ:PMTS), a payment technology company providing a range of credit, debit and prepaid solutions, complementary digital solutions, and Software-as-a-Service (SaaS) instant issuance, is excited to announce a strategic relationship with Rippleshot to provide its fraud prevention services to CPI customers. An award-winning fraud prevention platform, Rippleshot leverages artificial intelligence (AI), machine learning (ML) automation and predictive analytics to detect and prevent credit and debit card fraud. With the addition of Rippleshot, CPI customers can more effective
CYPRIS™ structural color ink sets new eco-friendly standard in card printing CPI Card Group Inc. (NASDAQ:PMTS), a payment technology company providing a range of credit, debit and prepaid solutions, complementary digital solutions, and Software-as-a-Service (SaaS) instant issuance, and Cypris Materials Inc., a structural color technology company, have been recognized in the 2024 Business Intelligence Group (BIG) Sustainability Awards. CPI received the group's Sustainability Initiative of the Year Award for its use of CYPRIS structural color ink, a bio-inspired ink solution. This ink captures the vibrant colors designed by Mother Nature, previously unavailable to the printing industry. U
Net Sales Increased 3% to $119 Million; Net Income Decreased 8% to $6 Million; Adjusted EBITDA Decreased 6% to $22 Million Debit and Credit and Prepaid Debit Segments Each Deliver Growth; Card Sales Trends Continue to Improve Company Increases Full Year Net Sales Outlook to Mid-single Digit Growth CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company"), a payments technology company and leading provider of credit, debit, and prepaid card and digital solutions, including Software-as-a-Service-based instant issuance, today reported financial results for the second quarter ended June 30, 2024 and updated its financial outlook for 2024. In the second quarter net sales increased 3% to
ROTH MKM initiated coverage of CPI Card Group with a rating of Buy and set a new price target of $40.00
B. Riley Securities initiated coverage of CPI Card Group with a rating of Buy and set a new price target of $31.00
Lake Street initiated coverage of CPI Card Group with a rating of Buy and set a new price target of $26.00
The U.S. Supreme Court on Monday ruled that merchants may challenge debt-card swipe fees outside a six-year statute, sending a shock to the power of federal agencies. The justices voted 6-3 on their ruling, determining that a North Dakota convenience store and truck stop may sue over a 2011 rule on charges that banks imposed on merchants because the six-year statute to sue doesn’t apply to the store as it did not open until 2018, Bloomberg reported. The decision may boost the effect of a blockbuster ruling issued last week that overturned a 1984 precedent requiring judges to defer to an agency's reasonable interpretation of an unclear statute. Also Read: Visa and Mastercard Reach De
CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company") today announced the commencement of a private offering by its wholly-owned subsidiary, CPI CG Inc. (the "issuer"), of $285 million aggregate principal amount of senior secured notes due 2029 (the "notes"). The offering is subject to market and other conditions, and there is no assurance that the offering will be completed or, if completed, the terms on which it will be completed. The issuer intends to use the net proceeds from the offering, together with cash on hand, to redeem all of the issuer's outstanding 8.625% senior secured notes due 2026 (the "2026 notes") and to pay related fees, premiums and expenses. The notes are expect
The Company affirmed its net sales and Adjusted EBITDA financial outlook for 2024, which was previously provided in March. The Company continues to expect slight increases in both net sales and Adjusted EBITDA for the full year, with declines in the first half of the year offset by growth in the second half. The Company has adjusted its Free Cash Flow outlook to be approximately half of the 2023 level, which compares to the previous outlook of $5 million to $10 million below prior year. The change compared to the prior outlook primarily reflects the near-term impact of the newly signed contract with one of the Company's larger customers, which should benefit cash flow through 2029, but nega
CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company"), a payment technology company and leading provider of credit, debit and prepaid solutions, today announced John Lowe has been named its new President and Chief Executive Officer and appointed to the Company's Board of Directors, effective immediately. Lowe succeeds outgoing President and Chief Executive Officer Scott Scheirman, who had previously announced his intention to retire in early 2024. Lowe has been with CPI Card Group since 2018, most recently as Executive Vice President, End-to-End Payment Solutions since late 2022. In this role he was responsible for a significant majority of the Company's revenues and operations. He p
CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company"), a payment technology company and leading provider of credit, debit and prepaid solutions, today announced that Ravi Mallela has been appointed to its Board of Directors as an independent member, effective November 15, 2023. Mallela currently serves as the Chief Financial Officer of NMI Holdings Inc. (NASDAQ:NMIH), a publicly-traded mortgage insurance company. Previously, Mr. Mallela served as Executive Vice President and Chief Financial Officer of First Hawaiian Group and First Hawaiian Bank from 2018 until 2022 and Senior Vice President, Head of Finance and Treasury of First Republic Bank from 2013 to 2018. He holds an MBA from
CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company"), a payment technology company and leading provider of credit, debit and prepaid solutions, today announced that H. Sanford Riley has been appointed Independent Chair of its Board of Directors. Riley, President and CEO of Richardson Financial Group Limited, joined the CPI Board in May. He has served in his current role at Richardson, a specialized financial services company, since 2003 and was previously President and CEO and Chairman of Investor Group, Inc., Canada's largest mutual fund company. Riley is also a member of the board of directors of Molson Coors and RF Capital Group Inc., and previously served on the boards of Canadi
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4 - CPI Card Group Inc. (0001641614) (Issuer)