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

CPI Card Group Inc. (NASDAQ:PMTS) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $27.50.

Several analysts recently commented on the stock. Roth Capital reaffirmed a “buy” rating and set a $25.00 target price on shares of CPI Card Group in a report on Tuesday, May 5th. Zacks Research cut shares of CPI Card Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. DA Davidson restated a “buy” rating and set a $30.00 price objective on shares of CPI Card Group in a research report on Tuesday, July 7th. Wall Street Zen upgraded CPI Card Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Finally, Weiss Ratings raised CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 1st.

Insider Activity at CPI Card Group

In other news, Chairman H Sanford Riley acquired 5,400 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were purchased at an average cost of $16.00 per share, with a total value of $86,400.00. Following the acquisition, the chairman directly owned 5,400 shares in the company, valued at $86,400. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Donna Abbey Carmignani sold 4,870 shares of the stock in a transaction on Monday, May 11th. The stock was 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 in the company, valued at $83,922.96. The trade was a 47.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 5.80% of the company’s stock.

Institutional Investors Weigh In On CPI Card Group

A number of institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new position in shares of CPI Card Group in the fourth quarter valued at about $29,000. Los Angeles Capital Management LLC bought a new position in CPI Card Group during the fourth quarter worth about $52,000. Lazard Asset Management LLC raised its stake in CPI Card Group by 100.4% in the 2nd quarter. Lazard Asset Management LLC now owns 2,928 shares of the company’s stock worth $69,000 after purchasing an additional 1,467 shares in the last quarter. Wells Fargo & Company MN raised its stake in CPI Card Group by 73.1% in the 4th quarter. Wells Fargo & Company MN now owns 6,769 shares of the company’s stock worth $99,000 after purchasing an additional 2,859 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in CPI Card Group by 98.7% in 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 Price Performance

PMTS stock opened at $20.58 on Friday. CPI Card Group has a one year low of $10.81 and a one year high of $21.58. The stock has a market cap of $236.26 million, a price-to-earnings ratio of 20.18 and a beta of 1.03. The company has a fifty day moving average price of $18.89 and a two-hundred day moving average price of $16.18.

CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.06. The company had revenue of $147.11 million for the quarter, compared to analyst estimates of $134.69 million. CPI Card Group had a net margin of 2.15% and a negative return on equity of 92.16%. Research analysts anticipate that CPI Card Group will post 2.52 EPS for the current fiscal year.

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.