CPI Card Group Inc. (NASDAQ:PMTS) Given Average Recommendation of “Buy” by Analysts

by · The Cerbat Gem

Shares of CPI Card Group Inc. (NASDAQ:PMTS – Get Free Report) have been given an average rating of “Buy” by the six analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $27.50.

PMTS has been the subject of several research analyst reports. DA Davidson restated a “buy” rating and issued a $30.00 price objective on shares of CPI Card Group in a report on Wednesday, March 11th. Weiss Ratings upgraded shares of CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Roth Mkm restated a “buy” rating and issued a $25.00 price objective on shares of CPI Card Group in a report on Tuesday, May 5th. Wall Street Zen upgraded shares of CPI Card Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Finally, Zacks Research upgraded shares of CPI Card Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd.

Read Our Latest Report on CPI Card Group

Insider Activity

In other CPI Card Group news, insider Donna Abbey Carmignani sold 4,870 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $15.32, for a total value of $74,608.40. Following the completion of the sale, the insider directly owned 5,478 shares in the company, valued at $83,922.96. This trade represents a 47.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman H Sanford Riley acquired 5,400 shares of the stock in a transaction on Tuesday, May 19th. The stock was bought at an average price of $16.00 per share, with a total value of $86,400.00. Following the completion of the acquisition, 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. Company insiders own 5.80% of the company’s stock.

Institutional Trading of CPI Card Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC purchased a new stake in CPI Card Group in the fourth quarter worth about $29,000. Los Angeles Capital Management LLC purchased a new position in shares of CPI Card Group during the fourth quarter valued at approximately $52,000. Lazard Asset Management LLC lifted its holdings in shares of CPI Card Group by 100.4% during the second quarter. Lazard Asset Management LLC now owns 2,928 shares of the company’s stock valued at $69,000 after purchasing an additional 1,467 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of CPI Card Group by 37.0% during the third quarter. IFP Advisors Inc now owns 5,949 shares of the company’s stock valued at $91,000 after purchasing an additional 1,607 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of CPI Card Group by 73.1% during the fourth quarter. Wells Fargo & Company MN now owns 6,769 shares of the company’s stock valued at $99,000 after purchasing an additional 2,859 shares during the last quarter. 22.08% of the stock is currently owned by hedge funds and other institutional investors.

CPI Card Group Trading Down 1.0%

CPI Card Group stock opened at $18.86 on Thursday. The firm has a 50-day moving average of $17.12 and a 200-day moving average of $15.17. The firm has a market cap of $216.51 million, a P/E ratio of 18.49 and a beta of 1.07. CPI Card Group has a 1-year low of $10.81 and a 1-year high of $25.50.

CPI Card Group (NASDAQ:PMTS – Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. The company had revenue of $147.11 million during the quarter, compared to analyst estimates of $134.69 million. CPI Card Group had a net margin of 2.15% and a negative return on equity of 92.16%. Research analysts forecast that CPI Card Group will post 2.52 earnings per share for the current fiscal year.

About CPI Card Group

(Get Free Report)

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.

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