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

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $27.50.

A number of equities research analysts have recently commented on PMTS shares. Lake Street Capital reaffirmed a “buy” rating and set a $27.00 price objective on shares of CPI Card Group in a research note on Wednesday, May 6th. DA Davidson restated a “buy” rating and set a $30.00 price target on shares of CPI Card Group in a research report on Tuesday, July 7th. Wall Street Zen raised shares of CPI Card Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Zacks Research downgraded shares of CPI Card Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Roth Capital reissued a “buy” rating and set a $25.00 target price on shares of CPI Card Group in a research note on Tuesday, May 5th.

CPI Card Group Stock Up 7.6%

Shares of PMTS stock opened at $24.45 on Friday. CPI Card Group has a 52-week low of $10.81 and a 52-week high of $24.69. The stock has a market cap of $280.69 million, a PE ratio of 23.97 and a beta of 1.05. The business has a 50-day simple moving average of $19.40 and a 200-day simple moving average of $16.49.

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

Insider Transactions at CPI Card Group

In other news, insider Donna Abbey Carmignani sold 4,870 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $15.32, for a total transaction of $74,608.40. Following the completion of the transaction, the insider directly owned 5,478 shares of the company’s stock, valued at $83,922.96. This represents a 47.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman H Sanford Riley bought 6,500 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price of $16.00 per share, for a total transaction of $104,000.00. Following the transaction, the chairman directly owned 259,938 shares in the company, valued at approximately $4,159,008. This represents a 2.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 5.80% of the company’s stock.

Institutional Trading of CPI Card Group

Several institutional investors have recently modified their holdings of PMTS. Bank of New York Mellon Corp purchased a new stake in shares of CPI Card Group during the second quarter worth about $910,000. Lazard Asset Management LLC acquired a new stake in CPI Card Group in the 1st quarter worth about $157,000. Walleye Capital LLC acquired a new stake in CPI Card Group in the 1st quarter worth about $358,000. Janney Montgomery Scott LLC increased its stake in CPI Card Group by 10.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 14,736 shares of the company’s stock worth $214,000 after buying an additional 1,346 shares in the last quarter. Finally, Creek Drive Management Group LLC acquired a new position in shares of CPI Card Group during the fourth quarter valued at approximately $440,000. Institutional investors and hedge funds own 22.08% of the company’s stock.

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.