CPI Card Group’s (PMTS) “Buy” Rating Reaffirmed at DA Davidson

DA Davidson reiterated their buy rating on shares of CPI Card Group (NASDAQ:PMTS) in a report released on Wednesday morning,Benzinga reports. DA Davidson currently has a $30.00 target price on the stock.

Other analysts have also recently issued research reports about the company. Wall Street Zen upgraded CPI Card Group from a “hold” rating to a “strong-buy” rating in a research report on Saturday, March 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of CPI Card Group in a report on Wednesday, January 21st. Finally, Zacks Research raised shares of CPI Card Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.25.

CPI Card Group Stock Performance

Shares of CPI Card Group stock opened at $16.05 on Wednesday. CPI Card Group has a fifty-two week low of $10.81 and a fifty-two week high of $30.60. The company has a market capitalization of $183.93 million, a P/E ratio of 12.84 and a beta of 1.22. The company has a fifty day moving average of $13.30 and a 200 day moving average of $14.47.

CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $145.22 million. Analysts forecast that CPI Card Group will post 1.63 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Creek Drive Management Group LLC bought a new stake in shares of CPI Card Group in the fourth quarter worth about $440,000. Aristeia Capital L.L.C. purchased a new stake in shares of CPI Card Group during the 4th quarter worth approximately $597,000. Trexquant Investment LP raised its holdings in shares of CPI Card Group by 118.4% during the 4th quarter. Trexquant Investment LP now owns 32,991 shares of the company’s stock worth $484,000 after acquiring an additional 17,886 shares in the last quarter. Monimus Capital Management LP boosted its position in shares of CPI Card Group by 131.2% during the 4th quarter. Monimus Capital Management LP now owns 67,257 shares of the company’s stock valued at $987,000 after acquiring an additional 38,170 shares during the last quarter. Finally, State of Wisconsin Investment Board bought a new position in shares of CPI Card Group during the 4th quarter valued at approximately $200,000. Hedge funds and other institutional investors own 22.08% of the company’s stock.

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.