CPI Card Group Inc. (NASDAQ:PMTS) Given Average Recommendation of “Hold” by Analysts

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have been assigned an average rating of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $28.25.

Several analysts recently commented on the stock. DA Davidson reissued a “buy” rating and set a $30.00 target price on shares of CPI Card Group in a research note on Wednesday, March 11th. 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. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CPI Card Group in a report on Wednesday, January 21st. Finally, Wall Street Zen downgraded CPI Card Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

CPI Card Group Stock Up 1.8%

NASDAQ:PMTS opened at $14.19 on Friday. The business’s 50-day moving average price is $13.38 and its 200 day moving average price is $14.40. CPI Card Group has a 52-week low of $10.81 and a 52-week high of $30.44. The firm has a market cap of $162.62 million, a P/E ratio of 11.35 and a beta of 1.22.

CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.27. The company had revenue of $153.05 million during the quarter, compared to the consensus estimate of $145.22 million. CPI Card Group had a net margin of 2.75% and a negative return on equity of 78.82%. Sell-side analysts expect that CPI Card Group will post 1.63 EPS for the current year.

Institutional Investors Weigh In On CPI Card Group

Several hedge funds have recently modified their holdings of PMTS. Kestra Advisory Services LLC acquired a new position in shares of CPI Card Group in the 4th quarter valued at $29,000. Los Angeles Capital Management LLC acquired a new stake in CPI Card Group during the 4th quarter worth about $52,000. Lazard Asset Management LLC raised its holdings in 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 buying an additional 1,467 shares during the period. IFP Advisors Inc lifted its stake in CPI Card Group by 37.0% during the third quarter. IFP Advisors Inc now owns 5,949 shares of the company’s stock valued at $91,000 after buying an additional 1,607 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in CPI Card Group by 73.1% during the fourth quarter. Wells Fargo & Company MN now owns 6,769 shares of the company’s stock valued at $99,000 after buying an additional 2,859 shares in the last quarter. 22.08% of the stock is owned by hedge funds and other institutional investors.

About CPI Card Group

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.