CPI Card Group (NASDAQ:PMTS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CPI Card Group (NASDAQ:PMTS) from a buy rating to a strong-buy rating in a research report released on Saturday.

A number of other equities research analysts also recently commented on the company. Weiss Ratings upgraded CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Lake Street Capital reissued a “buy” rating and issued a $27.00 target price on shares of CPI Card Group in a research note on Wednesday, May 6th. DA Davidson restated a “buy” rating and set a $30.00 target price on shares of CPI Card Group in a report on Tuesday, July 7th. Roth Capital restated a “buy” rating and set a $25.00 target price on shares of CPI Card Group in a research report on Tuesday, May 5th. Finally, Zacks Research cut CPI Card Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, CPI Card Group has a consensus rating of “Moderate Buy” and an average target price of $27.50.

CPI Card Group Stock Performance

Shares of PMTS stock opened at $20.46 on Friday. The firm’s 50 day moving average price is $18.59 and its two-hundred day moving average price is $16.03. CPI Card Group has a 52-week low of $10.81 and a 52-week high of $21.57. The stock has a market cap of $234.88 million, a PE ratio of 20.06 and a beta of 1.03.

CPI Card Group (NASDAQ:PMTS) last issued its earnings results on Tuesday, May 5th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.32 by $0.06. The company had revenue of $147.11 million during the quarter, compared to analysts’ expectations of $134.69 million. CPI Card Group had a net margin of 2.15% and a negative return on equity of 92.16%. As a group, sell-side analysts predict that CPI Card Group will post 2.52 earnings per share for the current fiscal year.

Insider Buying and Selling at CPI Card Group

In other CPI Card Group news, insider Donna Abbey Carmignani sold 4,870 shares of CPI Card Group stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $15.32, for a total transaction of $74,608.40. Following the transaction, the insider directly owned 5,478 shares in the company, valued at approximately $83,922.96. The trade was a 47.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman H Sanford Riley bought 6,500 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of $16.00 per share, with a total value of $104,000.00. Following the completion of the purchase, the chairman owned 259,938 shares of the company’s stock, valued at approximately $4,159,008. This trade represents a 2.56% increase in their position. The SEC filing for this purchase provides additional information. 5.80% of the stock is owned by insiders.

Institutional Investors Weigh In On CPI Card Group

A number of hedge funds have recently modified their holdings of PMTS. Jane Street Group LLC acquired a new position in shares of CPI Card Group in the 1st quarter valued at approximately $223,000. Acadian Asset Management LLC acquired a new stake in CPI Card Group during the 1st quarter worth approximately $248,000. Geode Capital Management LLC lifted its stake in CPI Card Group by 12.6% in the second quarter. Geode Capital Management LLC now owns 125,500 shares of the company’s stock valued at $2,977,000 after buying an additional 14,039 shares in the last quarter. First Trust Advisors LP lifted its stake in CPI Card Group by 5.5% in the second quarter. First Trust Advisors LP now owns 14,987 shares of the company’s stock valued at $355,000 after buying an additional 782 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of CPI Card Group by 11.9% in the second quarter. Marshall Wace LLP now owns 102,834 shares of the company’s stock valued at $2,439,000 after buying an additional 10,930 shares during the period. Institutional investors and hedge funds own 22.08% of the company’s stock.

About CPI Card Group

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.