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

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $28.25.

Several analysts recently commented on the stock. Zacks Research upgraded shares of CPI Card Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. DA Davidson cut their target price 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. B. Riley Financial 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 price objective on CPI Card Group in a report on Tuesday, November 4th. Finally, Lake Street Capital set a $25.00 price objective on CPI Card Group in a research report on Wednesday, November 5th.

CPI Card Group Trading Down 2.3%

Shares of CPI Card Group stock opened at $12.28 on Friday. CPI Card Group has a 1 year low of $11.64 and a 1 year high of $34.25. The company has a market cap of $139.87 million, a P/E ratio of 10.23 and a beta of 1.29. The stock has a 50-day moving average price of $14.52 and a 200 day moving average price of $15.04.

Insider Activity at CPI Card Group

In other CPI Card Group news, Chairman H Sanford Riley bought 200,000 shares of CPI Card Group stock in a transaction on Thursday, December 4th. The stock was purchased at an average cost of $13.51 per share, for a total transaction of $2,702,000.00. Following the completion of the purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Equity Ulc Parallel49 sold 2,126,056 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $13.51, for a total transaction of $28,723,016.56. Following the transaction, the insider owned 2,687,921 shares in the company, valued at approximately $36,313,812.71. This trade represents a 44.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On CPI Card Group

Large investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in CPI Card Group during the first quarter valued at about $223,000. Acadian Asset Management LLC bought a new position in shares of CPI Card Group in the 1st quarter valued at approximately $248,000. Janney Montgomery Scott LLC acquired a new stake in CPI Card Group in the 2nd quarter worth approximately $347,000. IFP Advisors Inc boosted 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 worth $103,000 after purchasing an additional 1,494 shares during the period. Finally, Corton Capital Inc. acquired a new position in CPI Card Group during the second quarter valued at approximately $232,000. 22.08% of the stock is currently owned by 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.