Analysts Set CPI Card Group Inc. (NASDAQ:PMTS) Price Target at $30.60

CPI Card Group Inc. (NASDAQ:PMTS) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $30.60.

Several research firms have recently issued reports on PMTS. 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. Lake Street Capital set a $25.00 target price on shares of CPI Card Group in a research note on Wednesday, November 5th. Weiss Ratings downgraded shares of CPI Card Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. B. Riley dropped their price objective on shares of CPI Card Group from $34.00 to $28.00 and set a “buy” rating for the company in a report on Monday, November 10th. Finally, DA Davidson cut their price objective on 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.

CPI Card Group Stock Up 0.7%

NASDAQ PMTS opened at $13.72 on Monday. CPI Card Group has a twelve month low of $11.64 and a twelve month high of $34.25. The business has a 50-day moving average price of $14.48 and a 200-day moving average price of $16.33. The firm has a market cap of $156.27 million, a price-to-earnings ratio of 11.43 and a beta of 1.20.

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

Insider Activity at CPI Card Group

In related news, major shareholder Equity Ulc Parallel49 sold 2,126,056 shares of the firm’s 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 trade represents a 44.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman H Sanford Riley purchased 200,000 shares of CPI Card Group stock in a transaction that occurred on Thursday, December 4th. The stock was acquired at an average price of $13.51 per share, for a total transaction of $2,702,000.00. Following the transaction, the chairman directly owned 252,366 shares of the company’s stock, valued at $3,409,464.66. The trade was a 381.93% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On CPI Card Group

Several institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in shares of CPI Card Group in the 1st quarter worth $223,000. Acadian Asset Management LLC bought a new position in shares of CPI Card Group in the 1st quarter valued at about $248,000. Rhumbline Advisers grew its position in CPI Card Group by 7.3% in the first quarter. Rhumbline Advisers now owns 6,948 shares of the company’s stock worth $203,000 after acquiring an additional 474 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in CPI Card Group in the second quarter worth about $347,000. Finally, IFP Advisors Inc increased its stake in CPI Card Group by 52.5% during the second quarter. IFP Advisors Inc now owns 4,342 shares of the company’s stock worth $103,000 after acquiring an additional 1,494 shares during the last quarter. Institutional investors own 22.08% of the company’s stock.

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.