CPI Card Group (NASDAQ:PMTS) Rating Lowered to Buy at StockNews.com

CPI Card Group (NASDAQ:PMTSGet Free Report) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

A number of other equities research analysts also recently issued reports on PMTS. Roth Capital reiterated a “buy” rating on shares of CPI Card Group in a research report on Friday, February 23rd. Roth Mkm started coverage on CPI Card Group in a research note on Friday, February 23rd. They issued a “buy” rating and a $40.00 target price on the stock.

Get Our Latest Stock Report on CPI Card Group

CPI Card Group Stock Performance

Shares of PMTS stock opened at $26.15 on Tuesday. CPI Card Group has a 52-week low of $12.65 and a 52-week high of $29.94. The company has a market capitalization of $290.84 million, a PE ratio of 16.66 and a beta of 1.02. The business’s fifty day moving average is $19.03 and its 200 day moving average is $18.33.

CPI Card Group (NASDAQ:PMTSGet Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. CPI Card Group had a negative return on equity of 33.75% and a net margin of 4.26%. The company had revenue of $102.87 million for the quarter, compared to the consensus estimate of $104.70 million. During the same quarter last year, the business posted $1.06 earnings per share. On average, sell-side analysts forecast that CPI Card Group will post 2.22 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Equity Ulc Parallel49 sold 244,314 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $18.03, for a total transaction of $4,404,981.42. Following the transaction, the insider now directly owns 6,314,511 shares of the company’s stock, valued at $113,850,633.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.10% of the company’s stock.

Institutional Trading of CPI Card Group

Several large investors have recently modified their holdings of the business. Trivant Custom Portfolio Group LLC purchased a new stake in CPI Card Group in the fourth quarter worth about $31,000. Allspring Global Investments Holdings LLC purchased a new position in shares of CPI Card Group during the third quarter valued at approximately $84,000. Navellier & Associates Inc. purchased a new position in shares of CPI Card Group during the fourth quarter valued at approximately $275,000. Denali Advisors LLC lifted its holdings in shares of CPI Card Group by 19.0% during the first quarter. Denali Advisors LLC now owns 16,300 shares of the company’s stock valued at $291,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in shares of CPI Card Group during the fourth quarter valued at approximately $380,000. 22.08% of the stock is owned by institutional investors.

CPI Card Group Company Profile

(Get Free Report)

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.

Further Reading

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