CPI Card Group Inc. (NASDAQ:PMTS) Receives Average Recommendation of “Hold” from Analysts

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have earned a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a 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 $28.25.

A number of analysts recently issued reports on the company. Zacks Research raised CPI Card Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Wall Street Zen lowered CPI Card Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. DA Davidson reiterated a “buy” rating and set a $30.00 price target on shares of CPI Card Group in a research report on Wednesday, March 11th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of CPI Card Group in a report on Wednesday, January 21st.

CPI Card Group Stock Performance

CPI Card Group stock opened at $15.38 on Friday. The firm has a 50 day simple moving average of $13.49 and a 200 day simple moving average of $14.40. CPI Card Group has a 1-year low of $10.81 and a 1-year high of $28.00. The firm has a market capitalization of $176.25 million, a price-to-earnings ratio of 12.30 and a beta of 1.03.

CPI Card Group (NASDAQ:PMTS) last posted its earnings results on Thursday, March 5th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $153.05 million for the quarter, compared to the consensus estimate of $145.22 million. On average, equities research analysts forecast that CPI Card Group will post 1.63 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Kestra Advisory Services LLC purchased a new position in shares of CPI Card Group during the 4th quarter valued at $29,000. Los Angeles Capital Management LLC purchased a new stake in shares of CPI Card Group in the fourth quarter worth $52,000. Lazard Asset Management LLC boosted its stake in 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 buying an additional 1,467 shares during the period. IFP Advisors Inc boosted its stake in 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, Wells Fargo & Company MN grew its position in CPI Card Group by 73.1% during the fourth quarter. Wells Fargo & Company MN now owns 6,769 shares of the company’s stock worth $99,000 after buying an additional 2,859 shares in the last quarter. 22.08% of the stock is owned by institutional investors.

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.