CPI Card Group’s (PMTS) Buy Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of CPI Card Group (NASDAQ:PMTS) in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has a $30.00 price objective on the stock.

Several other analysts have also recently commented on PMTS. Weiss Ratings restated a “sell (d+)” rating on shares of CPI Card Group in a research note on Wednesday, January 21st. Zacks Research upgraded shares of CPI Card Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Wall Street Zen raised shares of CPI Card Group from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 7th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $28.25.

CPI Card Group Stock Down 3.8%

Shares of NASDAQ:PMTS opened at $14.88 on Wednesday. CPI Card Group has a 52-week low of $10.81 and a 52-week high of $30.60. The stock has a market cap of $170.52 million, a price-to-earnings ratio of 11.90 and a beta of 1.22. The business has a 50-day moving average price of $13.32 and a 200-day moving average price of $14.47.

CPI Card Group (NASDAQ:PMTS) last issued its earnings results on Thursday, March 5th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.27. CPI Card Group had a negative return on equity of 78.82% and a net margin of 2.75%.The firm had revenue of $153.05 million for the quarter, compared to analyst estimates of $145.22 million. As a group, equities analysts anticipate that CPI Card Group will post 1.63 EPS for the current fiscal year.

Institutional Investors Weigh In On CPI Card Group

Several hedge funds have recently bought and sold shares of the stock. Pacific Ridge Capital Partners LLC grew its stake in shares of CPI Card Group by 75.0% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 391,325 shares of the company’s stock worth $5,925,000 after purchasing an additional 167,764 shares during the period. Wasatch Advisors LP increased its holdings in shares of CPI Card Group by 56.3% during the 2nd quarter. Wasatch Advisors LP now owns 357,754 shares of the company’s stock valued at $8,486,000 after purchasing an additional 128,808 shares in the last quarter. Vector Capital Management L.P. lifted its stake in shares of CPI Card Group by 18.6% in the 3rd quarter. Vector Capital Management L.P. now owns 459,314 shares of the company’s stock valued at $6,954,000 after purchasing an additional 71,891 shares during the period. Pembroke Management LTD boosted its holdings in CPI Card Group by 87.9% during the third quarter. Pembroke Management LTD now owns 99,567 shares of the company’s stock worth $1,507,000 after buying an additional 46,575 shares in the last quarter. Finally, Aristeia Capital L.L.C. purchased a new stake in CPI Card Group during the fourth quarter worth $597,000. Hedge funds and other institutional investors 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.