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

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have received an average rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $27.50.

A number of brokerages have issued reports on PMTS. Zacks Research lowered CPI Card Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Roth Capital restated a “buy” rating and issued a $25.00 price objective on shares of CPI Card Group in a report on Tuesday, May 5th. Lake Street Capital reaffirmed a “buy” rating and set a $27.00 target price on shares of CPI Card Group in a research note on Wednesday, May 6th. Weiss Ratings raised CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Finally, DA Davidson reiterated a “buy” rating and issued a $30.00 price target on shares of CPI Card Group in a research report on Tuesday, July 7th.

CPI Card Group Stock Performance

PMTS stock opened at $19.54 on Monday. The firm’s 50-day moving average is $17.84 and its two-hundred day moving average is $15.67. The company has a market capitalization of $224.32 million, a price-to-earnings ratio of 19.16 and a beta of 1.03. CPI Card Group has a 52 week low of $10.81 and a 52 week high of $23.00.

CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $147.11 million for the quarter, compared to analyst estimates of $134.69 million. On average, equities research analysts predict that CPI Card Group will post 2.52 earnings per share for the current year.

Insider Activity at CPI Card Group

In related news, insider Donna Abbey Carmignani sold 4,870 shares of the business’s 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 sale, the insider directly owned 5,478 shares in the company, valued at $83,922.96. The trade was a 47.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman H Sanford Riley bought 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were acquired at an average cost of $16.00 per share, with a total value of $104,000.00. Following the completion of the purchase, the chairman owned 259,938 shares of the company’s stock, valued at approximately $4,159,008. The trade was a 2.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 5.80% of the company’s stock.

Institutional Investors Weigh In On CPI Card Group

Large investors have recently modified their holdings of the stock. Lazard Asset Management LLC acquired a new position in shares of CPI Card Group in the 1st quarter worth $157,000. Walleye Capital LLC purchased a new stake in shares of CPI Card Group during the first quarter valued at $358,000. Janney Montgomery Scott LLC boosted its position in shares of CPI Card Group by 10.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,736 shares of the company’s stock valued at $214,000 after purchasing an additional 1,346 shares during the period. Creek Drive Management Group LLC acquired a new position in shares of CPI Card Group in the 4th quarter valued at $440,000. Finally, Aristeia Capital L.L.C. purchased a new position in CPI Card Group in the 4th quarter worth about $597,000. 22.08% of the stock is owned by institutional investors.

About CPI Card Group

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.