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

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have received an average rating of “Buy” from the six analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $27.50.

Several equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of CPI Card Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Lake Street Capital restated a “buy” rating and set a $27.00 target price on shares of CPI Card Group in a report on Wednesday, May 6th. Weiss Ratings upgraded CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Zacks Research raised CPI Card Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Finally, DA Davidson reissued a “buy” rating and issued a $30.00 price objective on shares of CPI Card Group in a research note on Thursday, June 25th.

CPI Card Group Price Performance

NASDAQ PMTS opened at $20.38 on Monday. The stock has a market capitalization of $233.96 million, a PE ratio of 19.98 and a beta of 1.03. The company has a 50 day moving average price of $17.67 and a two-hundred day moving average price of $15.55. CPI Card Group has a 12-month low of $10.81 and a 12-month high of $25.50.

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

Insider Activity at CPI Card Group

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PMTS. Kestra Advisory Services LLC acquired a new position in CPI Card Group during the 4th quarter worth $29,000. Lazard Asset Management LLC grew its position in shares of CPI Card Group by 100.4% in the second quarter. Lazard Asset Management LLC now owns 2,928 shares of the company’s stock valued at $69,000 after purchasing an additional 1,467 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of CPI Card Group in the fourth quarter worth about $52,000. IFP Advisors Inc lifted its position in shares of CPI Card Group by 37.0% during the 3rd quarter. IFP Advisors Inc now owns 5,949 shares of the company’s stock worth $91,000 after purchasing an additional 1,607 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in 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 during the period. Institutional investors own 22.08% of the company’s stock.

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.