CPI Card Group (NASDAQ:PMTS) Stock Rating Upgraded by Wall Street Zen
by Teresa Graham · The Cerbat GemCPI Card Group (NASDAQ:PMTS – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Sunday.
Other analysts also recently issued research reports about the stock. DA Davidson reiterated a “buy” rating and issued a $30.00 target price on shares of CPI Card Group in a report on Wednesday, March 11th. Zacks Research upgraded shares of CPI Card Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of CPI Card Group in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $28.25.
View Our Latest Report on PMTS
CPI Card Group Price Performance
PMTS opened at $16.54 on Friday. The company’s 50 day simple moving average is $13.55 and its two-hundred day simple moving average is $14.40. CPI Card Group has a 1-year low of $10.81 and a 1-year high of $27.71. The firm has a market capitalization of $189.55 million, a price-to-earnings ratio of 13.23 and a beta of 1.03.
CPI Card Group (NASDAQ:PMTS – Get Free Report) last released its quarterly earnings results on Thursday, March 5th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.50 by $0.27. The firm had revenue of $153.05 million for the quarter, compared to analyst estimates of $145.22 million. CPI Card Group had a net margin of 2.75% and a negative return on equity of 78.82%. On average, equities analysts anticipate that CPI Card Group will post 1.63 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new position in CPI Card Group during the fourth quarter worth about $29,000. Lazard Asset Management LLC lifted its holdings 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 valued at $69,000 after purchasing an additional 1,467 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of CPI Card Group during the fourth quarter valued at approximately $52,000. IFP Advisors Inc lifted its stake 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 buying an additional 1,607 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of CPI Card Group by 98.7% during the third quarter. Bank of America Corp DE now owns 6,707 shares of the company’s stock valued at $102,000 after buying an additional 3,331 shares during the period. 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.