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

CPI Card Group Inc. (NASDAQ:PMTS) has received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $27.50.

Several equities analysts recently commented on the stock. Roth Mkm restated a “buy” rating and issued a $25.00 price target on shares of CPI Card Group in a research note on Tuesday, May 5th. Wall Street Zen downgraded shares of CPI Card Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Lake Street Capital restated a “buy” rating and issued a $27.00 price target on shares of CPI Card Group in a research note on Wednesday, May 6th. DA Davidson restated a “buy” rating and issued a $30.00 price target on shares of CPI Card Group in a research note on Wednesday, March 11th. Finally, Weiss Ratings cut shares of CPI Card Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 18th.

CPI Card Group Stock Performance

PMTS stock opened at $17.18 on Friday. The company’s 50-day simple moving average is $16.08 and its 200 day simple moving average is $14.68. CPI Card Group has a 52 week low of $10.81 and a 52 week high of $25.50. The company has a market capitalization of $197.23 million, a PE ratio of 16.84 and a beta of 1.10.

CPI Card Group (NASDAQ:PMTS) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.32 by $0.06. CPI Card Group had a net margin of 2.15% and a negative return on equity of 92.16%. The business had revenue of $147.11 million for the quarter, compared to the consensus estimate of $134.69 million. On average, analysts forecast that CPI Card Group will post 1.89 EPS for the current year.

Insider Activity

In related news, insider Donna Abbey Carmignani sold 4,870 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $15.32, for a total transaction of $74,608.40. Following the completion of the sale, the insider owned 5,478 shares of the company’s stock, valued at $83,922.96. This represents a 47.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman H Sanford Riley acquired 5,400 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average cost of $16.00 per share, with a total value of $86,400.00. Following the transaction, the chairman directly owned 5,400 shares of the company’s stock, valued at $86,400. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 5.80% of the company’s stock.

Institutional Investors Weigh In On CPI Card Group

Several institutional investors and hedge funds have recently bought and sold shares of PMTS. Kestra Advisory Services LLC bought a new stake in CPI Card Group during the fourth quarter worth about $29,000. Los Angeles Capital Management LLC bought a new stake in CPI Card Group during the fourth quarter worth about $52,000. Lazard Asset Management LLC lifted its position in CPI Card Group by 100.4% during the second quarter. Lazard Asset Management LLC now owns 2,928 shares of the company’s stock worth $69,000 after purchasing an additional 1,467 shares during the period. IFP Advisors Inc lifted its position in CPI Card Group by 37.0% during the third quarter. IFP Advisors Inc now owns 5,949 shares of the company’s stock worth $91,000 after purchasing an additional 1,607 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings 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 acquiring an additional 2,859 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.