CPI Card Group Inc. (NASDAQ:PMTS) Receives Average Rating of “Hold” from Analysts

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $30.60.

Several equities analysts have issued reports on the stock. Zacks Research cut shares of CPI Card Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 5th. Lake Street Capital set a $25.00 target price on shares of CPI Card Group in a report on Wednesday, November 5th. B. Riley dropped their price target on shares of CPI Card Group from $34.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Roth Capital set a $30.00 price objective on shares of CPI Card Group in a research report on Tuesday, November 4th. Finally, Weiss Ratings lowered CPI Card Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th.

Insider Activity at CPI Card Group

In other CPI Card Group news, major shareholder Equity Ulc Parallel49 sold 2,126,056 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $13.51, for a total value of $28,723,016.56. Following the completion of the transaction, the insider owned 2,687,921 shares in the company, valued at approximately $36,313,812.71. This represents a 44.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman H Sanford Riley bought 200,000 shares of CPI Card Group stock in a transaction on Thursday, December 4th. The stock was acquired at an average cost of $13.51 per share, with a total value of $2,702,000.00. Following the acquisition, the chairman owned 252,366 shares of the company’s stock, valued at $3,409,464.66. This trade represents a 381.93% increase in their position. The SEC filing for this purchase provides additional information. 2.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On CPI Card Group

A number of large investors have recently made changes to their positions in the stock. Pacific Ridge Capital Partners LLC lifted its stake in shares of CPI Card Group by 75.0% in the third quarter. Pacific Ridge Capital Partners LLC now owns 391,325 shares of the company’s stock valued at $5,925,000 after purchasing an additional 167,764 shares during the period. Wasatch Advisors LP increased its holdings in CPI Card Group by 56.3% in the second quarter. Wasatch Advisors LP now owns 357,754 shares of the company’s stock valued at $8,486,000 after buying an additional 128,808 shares in the last quarter. Vector Capital Management L.P. lifted its position in shares of CPI Card Group by 18.6% during the 3rd quarter. Vector Capital Management L.P. now owns 459,314 shares of the company’s stock valued at $6,954,000 after acquiring an additional 71,891 shares during the period. Nuveen LLC acquired a new stake in shares of CPI Card Group in the 1st quarter worth approximately $1,685,000. Finally, Pembroke Management LTD increased its stake in CPI Card Group by 87.9% in the 3rd quarter. Pembroke Management LTD now owns 99,567 shares of the company’s stock valued at $1,507,000 after purchasing an additional 46,575 shares in the last quarter. Hedge funds and other institutional investors own 22.08% of the company’s stock.

CPI Card Group Trading Down 2.3%

CPI Card Group stock opened at $16.20 on Thursday. The stock has a 50 day moving average of $14.99 and a two-hundred day moving average of $17.45. CPI Card Group has a twelve month low of $11.64 and a twelve month high of $35.19. The stock has a market capitalization of $184.52 million, a price-to-earnings ratio of 13.50 and a beta of 1.20.

CPI Card Group (NASDAQ:PMTS) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.16). CPI Card Group had a negative return on equity of 58.98% and a net margin of 2.79%.The company had revenue of $137.97 million for the quarter, compared to analysts’ expectations of $140.62 million. Equities analysts predict that CPI Card Group will post 1.63 earnings per share for the current 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.