Lake Street Capital Issues Pessimistic Forecast for CPI Card Group (NASDAQ:PMTS) Stock Price

CPI Card Group (NASDAQ:PMTS) had its price target cut by Lake Street Capital from $37.00 to $35.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. DA Davidson upped their target price on CPI Card Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Roth Mkm restated a “buy” rating and issued a $40.00 price objective on shares of CPI Card Group in a research note on Wednesday, March 5th. Finally, 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. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $36.75.

CPI Card Group Trading Down 3.5 %

CPI Card Group stock opened at $21.28 on Thursday. The company has a market capitalization of $240.06 million, a P/E ratio of 16.24 and a beta of 1.77. CPI Card Group has a 1-year low of $18.46 and a 1-year high of $35.19. The firm’s fifty day simple moving average is $26.60 and its 200-day simple moving average is $28.65.

CPI Card Group (NASDAQ:PMTS) last posted its earnings results on Wednesday, May 7th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.16). The company had revenue of $122.76 million for the quarter, compared to the consensus estimate of $120.90 million. CPI Card Group had a net margin of 3.38% and a negative return on equity of 46.90%. On average, equities research analysts predict that CPI Card Group will post 1.63 earnings per share for the current year.

Institutional Investors Weigh In On CPI Card Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE bought a new stake in CPI Card Group in the 1st quarter valued at $33,000. Russell Investments Group Ltd. raised its position in shares of CPI Card Group by 1,635.8% during the fourth quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company’s stock valued at $49,000 after buying an additional 1,554 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of CPI Card Group by 44.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock valued at $75,000 after buying an additional 776 shares during the period. Tower Research Capital LLC TRC grew its position in CPI Card Group by 355.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,665 shares of the company’s stock worth $80,000 after buying an additional 2,080 shares in the last quarter. Finally, Virtus Investment Advisers Inc. bought a new position in CPI Card Group during the fourth quarter valued at about $84,000. Institutional investors and hedge funds 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.