CPI Card Group Inc. (NASDAQ:PMTS) Receives Average Recommendation of “Hold” from Analysts

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have earned a consensus recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $28.25.

A number of analysts have issued reports on the company. Wall Street Zen raised CPI Card Group from a “hold” rating to a “strong-buy” rating in a research note on Saturday. B. Riley Financial dropped their price objective on shares of CPI Card Group from $34.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Zacks Research upgraded shares of CPI Card Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. DA Davidson reissued a “buy” rating and issued a $30.00 target price on shares of CPI Card Group in a research report on Wednesday, February 18th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of CPI Card Group in a report on Wednesday, January 21st.

CPI Card Group Stock Performance

Shares of PMTS opened at $15.48 on Tuesday. CPI Card Group has a fifty-two week low of $10.81 and a fifty-two week high of $31.85. The company has a market capitalization of $177.40 million, a PE ratio of 12.38 and a beta of 1.22. The stock has a fifty day moving average of $13.25 and a two-hundred day moving average of $14.45.

CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings data on Thursday, March 5th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.27. The business had revenue of $153.05 million for the quarter, compared to analysts’ expectations of $145.22 million. CPI Card Group had a negative return on equity of 78.82% and a net margin of 2.75%. As a group, equities research analysts forecast that CPI Card Group will post 1.63 earnings per share for the current fiscal year.

Institutional Trading of CPI Card Group

Institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP increased its holdings in shares of CPI Card Group by 5.5% during the 2nd quarter. First Trust Advisors LP now owns 14,987 shares of the company’s stock worth $355,000 after buying an additional 782 shares during the last quarter. Man Group plc boosted its holdings in CPI Card Group by 8.3% in the third quarter. Man Group plc now owns 13,134 shares of the company’s stock valued at $199,000 after acquiring an additional 1,006 shares during the last quarter. Lazard Asset Management LLC grew its position in CPI Card Group by 100.4% during the second quarter. Lazard Asset Management LLC now owns 2,928 shares of the company’s stock valued at $69,000 after acquiring an additional 1,467 shares during the period. IFP Advisors Inc grew its position in CPI Card Group by 37.0% during the third quarter. IFP Advisors Inc now owns 5,949 shares of the company’s stock valued at $91,000 after acquiring an additional 1,607 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in CPI Card Group during the fourth quarter worth about $29,000. 22.08% of the stock is owned by hedge funds and other institutional investors.

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.