CPI Card Group Inc. (NASDAQ:PMTS) Receives $34.00 Average Price Target from Brokerages

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $34.00.

A number of equities research analysts have recently commented on PMTS shares. DA Davidson cut their price target on shares of CPI Card Group from $38.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Zacks Research upgraded shares of CPI Card Group to a “hold” rating in a report on Monday, August 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of CPI Card Group in a report on Saturday, September 27th. Lake Street Capital cut their price target on shares of CPI Card Group from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, August 11th. Finally, Wall Street Zen cut shares of CPI Card Group from a “buy” rating to a “hold” rating in a report on Saturday, August 16th.

Insider Activity at CPI Card Group

In other news, Chairman H Sanford Riley purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were purchased at an average price of $15.75 per share, for a total transaction of $157,500.00. Following the completion of the acquisition, the chairman directly owned 31,033 shares in the company, valued at $488,769.75. This represents a 47.54% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CPI Card Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE purchased a new stake in CPI Card Group in the first quarter worth approximately $33,000. Lazard Asset Management LLC boosted its holdings in CPI Card Group by 100.4% in the second quarter. Lazard Asset Management LLC now owns 2,928 shares of the company’s stock worth $69,000 after purchasing an additional 1,467 shares during the last quarter. Virtus Advisers LLC purchased a new stake in CPI Card Group in the first quarter worth approximately $101,000. Russell Investments Group Ltd. boosted its holdings in CPI Card Group by 130.4% in the first quarter. Russell Investments Group Ltd. now owns 3,800 shares of the company’s stock worth $111,000 after purchasing an additional 2,151 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in CPI Card Group by 52.5% in the second quarter. IFP Advisors Inc now owns 4,342 shares of the company’s stock worth $103,000 after purchasing an additional 1,494 shares during the last quarter. Hedge funds and other institutional investors own 22.08% of the company’s stock.

CPI Card Group Stock Performance

Shares of NASDAQ PMTS opened at $15.61 on Friday. CPI Card Group has a fifty-two week low of $12.52 and a fifty-two week high of $35.19. The company has a 50 day simple moving average of $15.82 and a two-hundred day simple moving average of $20.96. The company has a market capitalization of $177.02 million, a price-to-earnings ratio of 13.94 and a beta of 1.38.

CPI Card Group (NASDAQ:PMTS) last announced its earnings results on Friday, August 8th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.52). CPI Card Group had a net margin of 2.66% and a negative return on equity of 58.00%. The business had revenue of $129.75 million for the quarter, compared to the consensus estimate of $132.96 million. On average, analysts forecast that CPI Card Group will post 1.63 earnings per share for the current fiscal year.

About CPI Card Group

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.