CPI Card Group (NASDAQ:PMTS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CPI Card Group (NASDAQ:PMTS) from a buy rating to a strong-buy rating in a research report sent to investors on Sunday.

Several other equities research analysts also recently issued reports on PMTS. DA Davidson reiterated a “buy” rating and issued a $30.00 target price on shares of CPI Card Group in a research note on Wednesday, March 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of CPI Card Group in a report on Wednesday, January 21st. Finally, Zacks Research raised shares of CPI Card Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, CPI Card Group currently has an average rating of “Hold” and an average target price of $28.25.

CPI Card Group Stock Performance

Shares of NASDAQ:PMTS opened at $16.33 on Friday. CPI Card Group has a 52-week low of $10.81 and a 52-week high of $27.71. The company has a market capitalization of $187.14 million, a P/E ratio of 13.06 and a beta of 1.03. The company has a 50-day simple moving average of $13.61 and a 200 day simple moving average 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 (EPS) for the quarter, beating 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 business had revenue of $153.05 million during the quarter, compared to the consensus estimate of $145.22 million. As a group, equities analysts forecast that CPI Card Group will post 1.63 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in CPI Card Group by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 498,101 shares of the company’s stock valued at $7,541,000 after acquiring an additional 26,848 shares during the period. Vector Capital Management L.P. increased its holdings in shares of CPI Card Group by 18.6% during the third quarter. Vector Capital Management L.P. now owns 459,314 shares of the company’s stock worth $6,954,000 after purchasing an additional 71,891 shares during the period. Pacific Ridge Capital Partners LLC increased its holdings in shares of CPI Card Group by 13.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 442,464 shares of the company’s stock worth $6,495,000 after purchasing an additional 51,139 shares during the period. Wasatch Advisors LP increased its holdings in shares of CPI Card Group by 56.3% during the second quarter. Wasatch Advisors LP now owns 357,754 shares of the company’s stock worth $8,486,000 after purchasing an additional 128,808 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of CPI Card Group by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 145,450 shares of the company’s stock worth $2,136,000 after purchasing an additional 7,236 shares during the period. 22.08% of the stock is 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.