CPI Card Group (NASDAQ:PMTS) Receives Buy Rating from DA Davidson

CPI Card Group (NASDAQ:PMTS)‘s stock had its “buy” rating reaffirmed by stock analysts at DA Davidson in a report released on Tuesday,Benzinga reports. They currently have a $30.00 price objective on the stock. DA Davidson’s price objective points to a potential upside of 53.57% from the stock’s previous close.

Several other brokerages have also weighed in on PMTS. Roth Capital reissued a “buy” rating and issued a $25.00 price objective on shares of CPI Card Group in a research report on Tuesday, May 5th. Lake Street Capital reaffirmed a “buy” rating and set a $27.00 target price on shares of CPI Card Group in a report on Wednesday, May 6th. Weiss Ratings upgraded shares of CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Zacks Research raised shares of CPI Card Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Finally, Wall Street Zen downgraded shares of CPI Card Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $27.50.

CPI Card Group Trading Down 4.6%

NASDAQ:PMTS traded down $0.94 on Tuesday, hitting $19.54. The company’s stock had a trading volume of 12,217 shares, compared to its average volume of 52,520. CPI Card Group has a one year low of $10.81 and a one year high of $24.00. The firm has a market capitalization of $224.18 million, a P/E ratio of 19.15 and a beta of 1.03. The stock has a fifty day moving average of $17.73 and a two-hundred day moving average of $15.57.

CPI Card Group (NASDAQ:PMTS) last posted its earnings results on Tuesday, May 5th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $134.69 million. As a group, sell-side analysts anticipate that CPI Card Group will post 2.52 EPS for the current year.

Insider Buying and Selling at CPI Card Group

In other CPI Card Group news, insider Donna Abbey Carmignani sold 4,870 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $15.32, for a total transaction of $74,608.40. Following the sale, the insider directly owned 5,478 shares in the company, valued at $83,922.96. This represents a 47.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman H Sanford Riley bought 5,400 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of $16.00 per share, for a total transaction of $86,400.00. Following the completion of the acquisition, the chairman owned 5,400 shares in the company, valued at approximately $86,400. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 5.80% of the company’s stock.

Institutional Trading of CPI Card Group

Several large investors have recently made changes to their positions in PMTS. Pacific Ridge Capital Partners LLC increased its stake in CPI Card Group by 13.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 442,464 shares of the company’s stock valued at $6,495,000 after acquiring an additional 51,139 shares during the last quarter. Creek Drive Management Group LLC bought a new stake in CPI Card Group during the fourth quarter worth $440,000. Potomac Capital Management Inc. acquired a new stake in shares of CPI Card Group in the 4th quarter valued at $337,000. IFP Advisors Inc increased its stake in shares of CPI Card Group by 37.0% in the 3rd quarter. IFP Advisors Inc now owns 5,949 shares of the company’s stock valued at $91,000 after purchasing an additional 1,607 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of CPI Card Group during the 4th quarter worth $150,000. Institutional investors and hedge funds 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.