CPI Card Group (NASDAQ:PMTS) Downgraded by Wall Street Zen to Buy

CPI Card Group (NASDAQ:PMTS) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other research firms have also recently weighed in on PMTS. Weiss Ratings restated a “sell (d+)” rating on shares of CPI Card Group in a report on Wednesday, January 21st. Zacks Research raised CPI Card Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Finally, DA Davidson reiterated a “buy” rating and set a $30.00 target price on shares of CPI Card Group in a research report on Wednesday, March 11th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, CPI Card Group currently has a consensus rating of “Hold” and an average target price of $28.25.

CPI Card Group Stock Up 1.8%

Shares of NASDAQ PMTS opened at $14.19 on Friday. The stock has a market capitalization of $162.62 million, a price-to-earnings ratio of 11.35 and a beta of 1.22. CPI Card Group has a 52 week low of $10.81 and a 52 week high of $30.44. The firm has a 50-day moving average price of $13.38 and a 200 day moving average price of $14.40.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PMTS. Creek Drive Management Group LLC purchased a new stake in CPI Card Group in the 4th quarter valued at approximately $440,000. Aristeia Capital L.L.C. purchased a new position in CPI Card Group during the fourth quarter worth $597,000. Trexquant Investment LP raised its holdings in shares of CPI Card Group by 118.4% in the fourth quarter. Trexquant Investment LP now owns 32,991 shares of the company’s stock worth $484,000 after acquiring an additional 17,886 shares during the last quarter. Monimus Capital Management LP raised its holdings in shares of CPI Card Group by 131.2% in the fourth quarter. Monimus Capital Management LP now owns 67,257 shares of the company’s stock worth $987,000 after acquiring an additional 38,170 shares during the last quarter. Finally, State of Wisconsin Investment Board purchased a new stake in shares of CPI Card Group in the fourth quarter valued at $200,000. 22.08% of the stock is currently owned by institutional investors and hedge funds.

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.