DA Davidson Reaffirms Buy Rating for CPI Card Group (NASDAQ:PMTS)

CPI Card Group (NASDAQ:PMTS)‘s stock had its “buy” rating restated by research analysts at DA Davidson in a note issued to investors on Wednesday,Benzinga reports. They presently have a $30.00 price target on the stock. DA Davidson’s price objective points to a potential upside of 93.92% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings reissued a “sell (d+)” rating on shares of CPI Card Group in a research note on Wednesday, January 21st. Zacks Research raised CPI Card Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Wall Street Zen upgraded CPI Card Group from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 7th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, CPI Card Group has a consensus rating of “Hold” and a consensus target price of $28.25.

CPI Card Group Trading Down 3.6%

Shares of NASDAQ PMTS opened at $15.47 on Wednesday. The firm has a market capitalization of $177.29 million, a P/E ratio of 12.38 and a beta of 1.22. The firm’s 50-day moving average price is $13.31 and its 200-day moving average price is $14.47. CPI Card Group has a 1-year low of $10.81 and a 1-year high of $30.60.

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

Institutional Investors Weigh In On CPI Card Group

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

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.