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

CPI Card Group (NASDAQ:PMTS) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Several other analysts have also recently commented on PMTS. Lake Street Capital reaffirmed a “buy” rating and issued a $27.00 target price on shares of CPI Card Group in a research report on Wednesday. DA Davidson reaffirmed a “buy” rating and issued a $30.00 target price on shares of CPI Card Group in a research report on Wednesday, March 11th. Weiss Ratings raised CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $25.00 target price on shares of CPI Card Group in a research report on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.50.

CPI Card Group Price Performance

Shares of NASDAQ PMTS opened at $15.60 on Friday. The stock has a market capitalization of $179.09 million, a price-to-earnings ratio of 15.29 and a beta of 1.10. The stock’s fifty day simple moving average is $15.66 and its 200 day simple moving average is $14.69. CPI Card Group has a 52-week low of $10.81 and a 52-week high of $25.50.

CPI Card Group (NASDAQ:PMTS) last issued its earnings results on Tuesday, May 5th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. The business had revenue of $147.11 million for the quarter, compared to analysts’ expectations of $134.69 million. CPI Card Group had a negative return on equity of 92.16% and a net margin of 2.15%. As a group, analysts anticipate that CPI Card Group will post 1.89 earnings per share for the current year.

Institutional Trading of CPI Card Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new stake in shares of CPI Card Group in the fourth quarter worth about $29,000. Los Angeles Capital Management LLC acquired a new stake in shares of CPI Card Group in the fourth quarter worth about $52,000. Lazard Asset Management LLC lifted its position in shares of CPI Card Group by 100.4% in the second quarter. Lazard Asset Management LLC now owns 2,928 shares of the company’s stock worth $69,000 after buying an additional 1,467 shares during the last quarter. IFP Advisors Inc lifted its position in shares of CPI Card Group by 37.0% in the third quarter. IFP Advisors Inc now owns 5,949 shares of the company’s stock worth $91,000 after buying an additional 1,607 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of CPI Card Group by 73.1% in the fourth quarter. Wells Fargo & Company MN now owns 6,769 shares of the company’s stock worth $99,000 after buying an additional 2,859 shares during the last quarter. Institutional investors and hedge funds 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.