CPI Card Group (NASDAQ:PMTS) Rating Lowered to Hold at Zacks Research

CPI Card Group (NASDAQ:PMTS) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other research firms have also commented on PMTS. DA Davidson reaffirmed a “buy” rating and set a $30.00 price target on shares of CPI Card Group in a research report on Tuesday. Roth Capital reiterated a “buy” rating and issued a $25.00 price objective on shares of CPI Card Group in a research report on Tuesday, May 5th. Lake Street Capital reissued 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 shares of CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. Finally, Wall Street Zen downgraded shares of CPI Card Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.50.

CPI Card Group Stock Performance

NASDAQ PMTS opened at $19.18 on Monday. The stock’s fifty day moving average is $17.75 and its two-hundred day moving average is $15.59. The firm has a market capitalization of $220.19 million, a P/E ratio of 18.80 and a beta of 1.03. CPI Card Group has a fifty-two week low of $10.81 and a fifty-two week high of $24.00.

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

Insider Buying and Selling

In other CPI Card Group news, Chairman H Sanford Riley purchased 6,500 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average price of $16.00 per share, with a total value of $104,000.00. Following the transaction, the chairman directly owned 259,938 shares of the company’s stock, valued at approximately $4,159,008. This represents a 2.56% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Donna Abbey Carmignani sold 4,870 shares of the company’s stock in a transaction on Monday, May 11th. The stock was 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. This represents a 47.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 5.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PMTS. First Trust Advisors LP increased its holdings in CPI Card Group by 5.5% during the 2nd quarter. First Trust Advisors LP now owns 14,987 shares of the company’s stock worth $355,000 after purchasing an additional 782 shares during the period. Man Group plc grew its position in shares of CPI Card Group by 8.3% during the third quarter. Man Group plc now owns 13,134 shares of the company’s stock worth $199,000 after buying an additional 1,006 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of CPI Card Group by 10.1% during the first 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. Lazard Asset Management LLC increased its stake in shares of CPI Card Group by 100.4% during the second quarter. Lazard Asset Management LLC now owns 2,928 shares of the company’s stock worth $69,000 after buying an additional 1,467 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of CPI Card Group by 37.0% during the third quarter. IFP Advisors Inc now owns 5,949 shares of the company’s stock worth $91,000 after buying an additional 1,607 shares during the period. 22.08% of the stock is owned by institutional investors and hedge funds.

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.