CPI Card Group Inc. (NASDAQ:PMTS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $30.60.

A number of analysts have recently issued reports on PMTS shares. Lake Street Capital set a $25.00 target price on CPI Card Group in a report on Wednesday, November 5th. Weiss Ratings downgraded CPI Card Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. DA Davidson decreased their price objective on CPI Card Group from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Roth Capital set a $30.00 target price on CPI Card Group in a report on Tuesday, November 4th. Finally, Zacks Research raised shares of CPI Card Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th.

CPI Card Group Trading Down 1.4%

PMTS stock opened at $13.74 on Monday. CPI Card Group has a one year low of $11.64 and a one year high of $34.25. The firm has a 50-day moving average of $14.47 and a two-hundred day moving average of $16.24. The firm has a market capitalization of $156.47 million, a PE ratio of 11.45 and a beta of 1.20.

CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.16). CPI Card Group had a net margin of 2.79% and a negative return on equity of 58.98%. The firm had revenue of $137.97 million during the quarter, compared to analysts’ expectations of $140.62 million. On average, equities research analysts anticipate that CPI Card Group will post 1.63 earnings per share for the current year.

Insider Buying and Selling

In other news, Chairman H Sanford Riley acquired 200,000 shares of CPI Card Group stock in a transaction that occurred on Thursday, December 4th. The stock was purchased at an average price of $13.51 per share, with a total value of $2,702,000.00. Following the completion of the transaction, the chairman owned 252,366 shares in the company, valued at approximately $3,409,464.66. This trade represents a 381.93% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Equity Ulc Parallel49 sold 2,126,056 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $13.51, for a total value of $28,723,016.56. Following the completion of the transaction, the insider owned 2,687,921 shares in the company, valued at $36,313,812.71. This trade represents a 44.16% decrease in their position. The SEC filing for this sale provides additional information. 2.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CPI Card Group

Institutional investors have recently made changes to their positions in the company. IFP Advisors Inc increased its holdings in CPI Card Group by 37.0% in the third quarter. IFP Advisors Inc now owns 5,949 shares of the company’s stock worth $91,000 after buying an additional 1,607 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in CPI Card Group by 9.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 56,745 shares of the company’s stock worth $859,000 after acquiring an additional 5,116 shares in the last quarter. Vector Capital Management L.P. increased its stake in shares of CPI Card Group by 18.6% during the 3rd quarter. Vector Capital Management L.P. now owns 459,314 shares of the company’s stock worth $6,954,000 after purchasing an additional 71,891 shares during the last quarter. Millennium Management LLC increased its stake in shares of CPI Card Group by 93.9% during the 3rd quarter. Millennium Management LLC now owns 32,744 shares of the company’s stock worth $496,000 after purchasing an additional 15,856 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of CPI Card Group by 98.7% during the 3rd quarter. Bank of America Corp DE now owns 6,707 shares of the company’s stock valued at $102,000 after purchasing an additional 3,331 shares in the last quarter. 22.08% of the stock is currently owned by institutional investors and hedge funds.

CPI Card Group Company Profile

CPI Card Group, Inc (NASDAQ: PMTS) is a leading provider of payment, identification and related credential solutions for financial institutions, governments and private enterprises. The company specializes in the design, manufacturing and personalization of secure plastic and metal cards, including EMV chip, magnetic-stripe and contactless cards. CPI Card Group also offers digital credentialing services and cloud-based card management tools that enable real-time controls, mobile wallet integration, fraud monitoring and analytics.

With a focus on security and innovation, CPI Card Group integrates advanced features such as holograms, microprinting, RFID/NFC technology and laser-engraved artwork into its card products.