CPI Card Group Inc. (NASDAQ:PMTS) Receives Consensus Rating of “Moderate Buy” from Analysts

CPI Card Group Inc. (NASDAQ:PMTS) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $30.60.

Several brokerages have recently weighed in on PMTS. Weiss Ratings downgraded CPI Card Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Roth Capital set a $30.00 price target on shares of CPI Card Group in a report on Tuesday, November 4th. Lake Street Capital set a $25.00 price objective on shares of CPI Card Group in a report on Wednesday, November 5th. Zacks Research upgraded shares of CPI Card Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Finally, B. Riley reduced their price target on shares of CPI Card Group from $34.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, November 10th.

CPI Card Group Stock Performance

Shares of CPI Card Group stock opened at $13.73 on Monday. The firm has a 50-day simple moving average of $14.57 and a two-hundred day simple moving average of $16.48. CPI Card Group has a fifty-two week low of $11.64 and a fifty-two week high of $34.25. The company has a market cap of $156.38 million, a P/E ratio of 11.44 and a beta of 1.20.

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

Insider Buying and Selling

In other news, Chairman H Sanford Riley purchased 200,000 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was purchased at an average cost of $13.51 per share, for a total transaction of $2,702,000.00. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Equity Ulc Parallel49 sold 2,126,056 shares of the stock in a transaction on Thursday, December 4th. The shares were 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 directly owned 2,687,921 shares of the company’s stock, valued at approximately $36,313,812.71. This represents a 44.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CPI Card Group

A number of large investors have recently modified their holdings of PMTS. Rhumbline Advisers boosted its position in CPI Card Group by 7.3% during the first quarter. Rhumbline Advisers now owns 6,948 shares of the company’s stock worth $203,000 after acquiring an additional 474 shares during the last quarter. First Trust Advisors LP lifted its stake in CPI Card Group by 5.5% in 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 in the last quarter. Man Group plc boosted its holdings in shares of CPI Card Group by 8.3% during the 3rd quarter. Man Group plc now owns 13,134 shares of the company’s stock worth $199,000 after purchasing an additional 1,006 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of CPI Card Group by 100.4% during the 2nd 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. Finally, IFP Advisors Inc grew its position in shares of CPI Card Group by 52.5% in the second quarter. IFP Advisors Inc now owns 4,342 shares of the company’s stock valued at $103,000 after purchasing an additional 1,494 shares in the last quarter. Hedge funds and other institutional investors own 22.08% of the company’s stock.

CPI Card Group Company Profile

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.