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

CPI Card Group Inc. (NASDAQ:PMTS) has earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $34.00.

Several research firms have recently weighed in on PMTS. DA Davidson cut their price target on CPI Card Group from $38.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Wall Street Zen lowered shares of CPI Card Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Zacks Research raised shares of CPI Card Group to a “hold” rating in a research report on Monday, August 11th. Weiss Ratings cut shares of CPI Card Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Finally, Lake Street Capital cut their price objective on shares of CPI Card Group from $35.00 to $30.00 and set a “buy” rating for the company in a report on Monday, August 11th.

CPI Card Group Trading Down 1.0%

NASDAQ:PMTS opened at $15.64 on Wednesday. CPI Card Group has a 12 month low of $12.52 and a 12 month high of $35.19. The firm’s 50 day moving average is $15.48 and its 200 day moving average is $19.50. The stock has a market capitalization of $177.31 million, a PE ratio of 13.96 and a beta of 1.38.

CPI Card Group (NASDAQ:PMTS) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.52). The firm had revenue of $129.75 million for the quarter, compared to the consensus estimate of $132.96 million. CPI Card Group had a net margin of 2.66% and a negative return on equity of 58.00%. Research analysts predict that CPI Card Group will post 1.63 earnings per share for the current year.

Insider Buying and Selling at CPI Card Group

In related news, Chairman H Sanford Riley purchased 10,000 shares of CPI Card Group stock in a transaction dated Tuesday, August 12th. The stock was bought at an average cost of $15.75 per share, for a total transaction of $157,500.00. Following the completion of the transaction, the chairman owned 31,033 shares in the company, valued at $488,769.75. This trade represents a 47.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PMTS. US Bancorp DE purchased a new stake in shares of CPI Card Group in the first quarter worth about $33,000. Lazard Asset Management LLC increased its holdings in CPI Card Group by 100.4% during the 2nd quarter. Lazard Asset Management LLC now owns 2,928 shares of the company’s stock worth $69,000 after acquiring an additional 1,467 shares during the period. Virtus Advisers LLC purchased a new stake in CPI Card Group in the 1st quarter worth approximately $101,000. IFP Advisors Inc boosted its holdings in CPI Card Group by 52.5% in the 2nd quarter. IFP Advisors Inc now owns 4,342 shares of the company’s stock valued at $103,000 after purchasing an additional 1,494 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of CPI Card Group by 130.4% during the 1st quarter. Russell Investments Group Ltd. now owns 3,800 shares of the company’s stock valued at $111,000 after purchasing an additional 2,151 shares in 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.