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

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $28.25.

A number of equities research analysts have recently issued reports on the stock. B. Riley lowered 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 report on Monday, November 10th. Roth Mkm set a $30.00 target price on CPI Card Group in a research report on Tuesday, November 4th. DA Davidson cut their price target on shares of CPI Card Group from $32.00 to $30.00 and set a “buy” rating for the company in a research 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, Lake Street Capital set a $25.00 target price on shares of CPI Card Group in a research note on Wednesday, November 5th.

Insider Buying and Selling at CPI Card Group

In other news, major shareholder Equity Ulc Parallel49 sold 2,126,056 shares of CPI Card Group stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $13.51, for a total transaction of $28,723,016.56. Following the completion of the transaction, the insider directly owned 2,687,921 shares in the company, valued at approximately $36,313,812.71. This trade represents a 44.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman H Sanford Riley purchased 200,000 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was bought 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 in the company, valued at approximately $3,409,464.66. This represents a 381.93% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.80% of the company’s stock.

Institutional Trading of CPI Card Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in shares of CPI Card Group in the first quarter worth approximately $223,000. Acadian Asset Management LLC purchased a new position in shares of CPI Card Group during the first quarter valued at approximately $248,000. Janney Montgomery Scott LLC purchased a new stake in CPI Card Group during the second quarter valued at $347,000. IFP Advisors Inc grew its position in CPI Card Group by 52.5% during the second quarter. IFP Advisors Inc now owns 4,342 shares of the company’s stock valued at $103,000 after buying an additional 1,494 shares during the period. Finally, Corton Capital Inc. purchased a new position in CPI Card Group during the second quarter valued at $232,000. 22.08% of the stock is currently owned by institutional investors.

CPI Card Group Stock Performance

Shares of NASDAQ:PMTS opened at $12.70 on Friday. CPI Card Group has a fifty-two week low of $11.64 and a fifty-two week high of $34.25. The company’s 50-day moving average is $14.58 and its 200 day moving average is $15.30. The company has a market capitalization of $144.65 million, a P/E ratio of 10.58 and a beta of 1.29.

CPI Card Group (NASDAQ:PMTS) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $140.62 million. As a group, research analysts predict that CPI Card Group will post 1.63 earnings per share for the current year.

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.