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

Wall Street Zen upgraded shares of CPI Card Group (NASDAQ:PMTS) from a hold rating to a strong-buy rating in a research note issued to investors on Saturday morning.

Other research analysts also recently issued research reports about the stock. B. Riley Financial reduced their price target on shares of CPI Card Group from $34.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Zacks Research upgraded CPI Card Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. DA Davidson reissued a “buy” rating and set a $30.00 target price on shares of CPI Card Group in a report on Wednesday, February 18th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of CPI Card Group in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, CPI Card Group presently has an average rating of “Hold” and an average target price of $28.25.

CPI Card Group Stock Down 0.3%

PMTS stock opened at $15.48 on Friday. The firm has a market cap of $177.40 million, a P/E ratio of 12.38 and a beta of 1.22. The company’s 50-day simple moving average is $13.25 and its 200-day simple moving average is $14.45. CPI Card Group has a 52-week low of $10.81 and a 52-week high of $31.85.

CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings data on Thursday, March 5th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.27. CPI Card Group had a negative return on equity of 78.82% and a net margin of 2.75%.The business had revenue of $153.05 million during the quarter, compared to analysts’ expectations of $145.22 million. On average, analysts anticipate that CPI Card Group will post 1.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CPI Card Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new stake in CPI Card Group during the 4th quarter valued at about $29,000. Los Angeles Capital Management LLC purchased a new position in CPI Card Group in the 4th quarter worth approximately $52,000. Lazard Asset Management LLC lifted its stake in CPI Card Group by 100.4% in the 2nd 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 in the last quarter. IFP Advisors Inc boosted its holdings in shares of CPI Card Group by 37.0% during the 3rd 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 last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of CPI Card Group by 73.1% during the 4th quarter. Wells Fargo & Company MN now owns 6,769 shares of the company’s stock worth $99,000 after purchasing an additional 2,859 shares during the last quarter. 22.08% of the stock is currently owned by institutional investors and hedge funds.

CPI Card Group Company Profile

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.