Brokerages Set CPI Card Group Inc. (NASDAQ:PMTS) PT at $34.00

CPI Card Group Inc. (NASDAQ:PMTS) has received an average rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $33.20.

Several analysts have recently commented on the company. Roth Capital set a $30.00 price objective on CPI Card Group in a research note on Tuesday. Wall Street Zen lowered CPI Card Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Weiss Ratings cut CPI Card Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. DA Davidson dropped their price target on shares of CPI Card Group from $38.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. Finally, Lake Street Capital decreased their price objective on shares of CPI Card Group from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, August 11th.

CPI Card Group Trading Down 20.8%

PMTS opened at $13.89 on Wednesday. CPI Card Group has a 1-year low of $12.52 and a 1-year high of $35.19. The company has a market cap of $157.47 million, a price-to-earnings ratio of 12.40 and a beta of 1.38. The company’s fifty day moving average price is $15.47 and its two-hundred day moving average price is $19.36.

CPI Card Group (NASDAQ:PMTS) last posted its earnings results on Friday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.52). CPI Card Group had a negative return on equity of 58.00% and a net margin of 2.66%.The business had revenue of $129.75 million for the quarter, compared to the consensus estimate of $132.96 million. As a group, equities analysts forecast that CPI Card Group will post 1.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CPI Card Group news, Chairman H Sanford Riley acquired 10,000 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were acquired at an average price of $15.75 per share, with a total value of $157,500.00. Following the completion of the transaction, the chairman owned 31,033 shares in the company, valued at approximately $488,769.75. This trade represents a 47.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PMTS. US Bancorp DE purchased a new position in shares of CPI Card Group during the 1st quarter valued at $33,000. Lazard Asset Management LLC raised 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 in the last quarter. Virtus Advisers LLC bought a new position in shares of CPI Card Group in the first quarter worth approximately $101,000. IFP Advisors Inc raised its position in shares of CPI Card Group by 52.5% during the 2nd quarter. IFP Advisors Inc now owns 4,342 shares of the company’s stock valued at $103,000 after buying an additional 1,494 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in CPI Card Group by 130.4% during the first quarter. Russell Investments Group Ltd. now owns 3,800 shares of the company’s stock worth $111,000 after purchasing an additional 2,151 shares during the last quarter. 22.08% of the stock is currently owned by hedge funds and other institutional investors.

CPI Card Group Company Profile

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing financial institutions.