CPI Card Group (NASDAQ:PMTS) Upgraded to Buy at Wall Street Zen

CPI Card Group (NASDAQ:PMTS) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Friday.

Separately, Lake Street Capital lowered their target price on shares of CPI Card Group from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $36.75.

CPI Card Group Trading Down 1.1%

Shares of PMTS opened at $21.56 on Friday. The firm has a market cap of $243.20 million, a PE ratio of 13.56 and a beta of 1.30. The company’s 50 day simple moving average is $22.45 and its 200-day simple moving average is $26.26. CPI Card Group has a 12-month low of $18.46 and a 12-month high of $35.19.

CPI Card Group (NASDAQ:PMTS) last announced its earnings results on Wednesday, May 7th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The business had revenue of $122.76 million for the quarter, compared to analysts’ expectations of $120.90 million. CPI Card Group had a negative return on equity of 66.46% and a net margin of 3.83%. As a group, equities research analysts forecast that CPI Card Group will post 1.63 EPS for the current fiscal year.

Insider Buying and Selling at CPI Card Group

In related news, Chairman H Sanford Riley purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost of $21.51 per share, with a total value of $322,650.00. Following the completion of the acquisition, the chairman directly owned 19,966 shares in the company, valued at $429,468.66. This trade represents a 302.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 2.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CPI Card Group

Hedge funds have recently modified their holdings of the stock. Rhumbline Advisers lifted its holdings in CPI Card Group by 7.3% in the first quarter. Rhumbline Advisers now owns 6,948 shares of the company’s stock valued at $203,000 after acquiring an additional 474 shares during the period. Citadel Advisors LLC lifted its holdings in CPI Card Group by 317.4% in the fourth quarter. Citadel Advisors LLC now owns 34,540 shares of the company’s stock valued at $1,032,000 after acquiring an additional 26,264 shares during the period. Deutsche Bank AG lifted its holdings in CPI Card Group by 4,014.4% in the fourth quarter. Deutsche Bank AG now owns 4,279 shares of the company’s stock valued at $128,000 after acquiring an additional 4,175 shares during the period. Bank of America Corp DE lifted its holdings in CPI Card Group by 154.1% in the fourth quarter. Bank of America Corp DE now owns 8,378 shares of the company’s stock valued at $250,000 after acquiring an additional 5,081 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in CPI Card Group by 10.7% in the fourth quarter. BNP Paribas Financial Markets now owns 5,844 shares of the company’s stock valued at $175,000 after acquiring an additional 563 shares during the period. 22.08% of the stock is owned by institutional investors and hedge funds.

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.