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

CPI Card Group Inc. (NASDAQ:PMTS) has been given an average rating of “Buy” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $27.50.

Several equities analysts recently commented on the company. DA Davidson restated a “buy” rating and set a $30.00 target price on shares of CPI Card Group in a research report on Wednesday, March 11th. Wall Street Zen upgraded CPI Card Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Weiss Ratings upgraded CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. Lake Street Capital reiterated a “buy” rating and issued a $27.00 price objective on shares of CPI Card Group in a report on Wednesday, May 6th. Finally, Roth Mkm reiterated a “buy” rating and issued a $25.00 price objective on shares of CPI Card Group in a report on Tuesday, May 5th.

CPI Card Group Stock Performance

NASDAQ:PMTS opened at $17.84 on Thursday. CPI Card Group has a 52-week low of $10.81 and a 52-week high of $25.50. The business’s fifty day moving average is $17.21 and its 200 day moving average is $15.23. The firm has a market cap of $204.80 million, a price-to-earnings ratio of 17.49 and a beta of 1.07.

CPI Card Group (NASDAQ:PMTS) last posted its earnings results on Tuesday, May 5th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. CPI Card Group had a negative return on equity of 92.16% and a net margin of 2.15%.The business had revenue of $147.11 million during the quarter, compared to analysts’ expectations of $134.69 million. Equities analysts predict that CPI Card Group will post 2.52 EPS for the current fiscal year.

Insider Transactions at CPI Card Group

In other news, insider Donna Abbey Carmignani sold 4,870 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $15.32, for a total value of $74,608.40. Following the completion of the transaction, the insider directly owned 5,478 shares in the company, valued at approximately $83,922.96. This represents a 47.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman H Sanford Riley acquired 6,500 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was purchased at an average price of $16.00 per share, with a total value of $104,000.00. Following the completion of the acquisition, the chairman directly owned 259,938 shares in the company, valued at approximately $4,159,008. This represents a 2.56% increase in their position. The disclosure for this purchase is available in the SEC filing. 5.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CPI Card Group

Several institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC purchased a new stake in CPI Card Group during the 1st quarter valued at about $157,000. Walleye Capital LLC purchased a new stake in CPI Card Group during the 1st quarter valued at about $358,000. Janney Montgomery Scott LLC boosted its holdings in CPI Card Group by 10.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 14,736 shares of the company’s stock valued at $214,000 after acquiring an additional 1,346 shares during the period. Creek Drive Management Group LLC purchased a new stake in CPI Card Group during the 4th quarter valued at about $440,000. Finally, Aristeia Capital L.L.C. purchased a new stake in CPI Card Group during the 4th quarter valued at about $597,000. 22.08% of the stock is currently owned by hedge funds and other 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.