StockNews.com Downgrades CPI Card Group (NASDAQ:PMTS) to Buy

StockNews.com cut shares of CPI Card Group (NASDAQ:PMTS) from a strong-buy rating to a buy rating in a research report report published on Friday morning.

A number of other equities analysts also recently commented on the stock. B. Riley raised their target price on shares of CPI Card Group from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Lake Street Capital cut their price objective on CPI Card Group from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday. Roth Mkm reaffirmed a “buy” rating and issued a $40.00 target price on shares of CPI Card Group in a research report on Wednesday, March 5th. Finally, DA Davidson raised their target price on CPI Card Group from $36.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, CPI Card Group has a consensus rating of “Buy” and an average target price of $36.75.

CPI Card Group Trading Down 3.5 %

PMTS stock opened at $21.28 on Friday. The company has a market cap of $239.72 million, a PE ratio of 16.24 and a beta of 1.77. The stock has a 50-day moving average price of $26.60 and a two-hundred day moving average price of $28.61. CPI Card Group has a 12-month low of $18.46 and a 12-month high of $35.19.

CPI Card Group (NASDAQ:PMTS) last issued its earnings results on Wednesday, May 7th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). CPI Card Group had a negative return on equity of 46.90% and a net margin of 3.38%. The firm had revenue of $122.76 million for the quarter, compared to analysts’ expectations of $120.90 million. Equities analysts forecast that CPI Card Group will post 1.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE purchased a new stake in CPI Card Group during the 1st quarter worth approximately $33,000. Linden Thomas Advisory Services LLC grew its position in shares of CPI Card Group by 12.0% during the first quarter. Linden Thomas Advisory Services LLC now owns 40,186 shares of the company’s stock worth $1,172,000 after buying an additional 4,316 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of CPI Card Group by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 28,330 shares of the company’s stock worth $826,000 after buying an additional 746 shares during the last quarter. Ritholtz Wealth Management raised its holdings in CPI Card Group by 76.1% in the first quarter. Ritholtz Wealth Management now owns 33,170 shares of the company’s stock valued at $968,000 after acquiring an additional 14,330 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in CPI Card Group by 7.3% during the 1st quarter. Rhumbline Advisers now owns 6,948 shares of the company’s stock valued at $203,000 after acquiring an additional 474 shares during the last quarter. Hedge funds and other institutional investors own 22.08% of the company’s stock.

CPI Card Group Company Profile

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing financial institutions.