CPI Card Group Inc. (NASDAQ:PMTS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $34.00.

Several equities research analysts have weighed in on the company. Weiss Ratings cut CPI Card Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. DA Davidson dropped their price target on CPI Card Group from $38.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Wall Street Zen cut CPI Card Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Zacks Research upgraded CPI Card Group to a “hold” rating in a research note on Monday, August 11th. Finally, Lake Street Capital dropped their price target on CPI Card Group from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, August 11th.

Insider Transactions at CPI Card Group

In related news, Chairman H Sanford Riley bought 10,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was acquired at an average cost of $15.75 per share, with a total value of $157,500.00. Following the transaction, the chairman directly owned 31,033 shares in the company, valued at approximately $488,769.75. This trade represents a 47.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Nuveen LLC bought a new position in CPI Card Group during the 1st quarter worth $1,685,000. US Bancorp DE bought a new position in CPI Card Group during the 1st quarter worth $33,000. Cubist Systematic Strategies LLC grew its holdings in CPI Card Group by 52.1% during the 1st quarter. Cubist Systematic Strategies LLC now owns 14,078 shares of the company’s stock worth $411,000 after acquiring an additional 4,820 shares during the period. Russell Investments Group Ltd. grew its holdings in CPI Card Group by 130.4% during the 1st quarter. Russell Investments Group Ltd. now owns 3,800 shares of the company’s stock worth $111,000 after acquiring an additional 2,151 shares during the period. Finally, Crown Advisors Management Inc. acquired a new stake in CPI Card Group during the 1st quarter worth about $1,195,000. 22.08% of the stock is owned by institutional investors.

CPI Card Group Price Performance

Shares of NASDAQ:PMTS opened at $16.82 on Wednesday. The company has a market capitalization of $190.74 million, a P/E ratio of 15.02 and a beta of 1.38. CPI Card Group has a 1 year low of $12.52 and a 1 year high of $35.19. The business’s 50 day simple moving average is $15.43 and its 200 day simple moving average is $19.72.

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