CPI Card Group (NASDAQ:PMTS) Rating Lowered to Hold at Zacks Research

CPI Card Group (NASDAQ:PMTS) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. 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 restated a “buy” rating and set a $27.00 target price on shares of CPI Card Group in a report on Wednesday, May 6th. DA Davidson reaffirmed a “buy” rating and set a $30.00 price target on shares of CPI Card Group in a research report on Tuesday. Weiss Ratings upgraded CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Finally, Wall Street Zen lowered CPI Card Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.50.

CPI Card Group Stock Performance

Shares of NASDAQ:PMTS opened at $19.18 on Monday. The stock has a 50-day simple moving average of $17.75 and a 200-day simple moving average of $15.59. The stock has a market capitalization of $220.19 million, a P/E ratio of 18.80 and a beta of 1.03. CPI Card Group has a 1 year low of $10.81 and a 1 year high of $24.00.

CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.32 by $0.06. The firm had revenue of $147.11 million for the quarter, compared to analyst estimates of $134.69 million. CPI Card Group had a net margin of 2.15% and a negative return on equity of 92.16%. Analysts predict that CPI Card Group will post 2.52 earnings per share for the current year.

Insider Transactions at CPI Card Group

In related news, insider Donna Abbey Carmignani sold 4,870 shares of the 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 owned 5,478 shares of the company’s stock, valued at approximately $83,922.96. This represents a 47.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman H Sanford Riley purchased 5,400 shares of CPI Card Group stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average cost of $16.00 per share, with a total value of $86,400.00. Following the acquisition, the chairman directly owned 5,400 shares of the company’s stock, valued at $86,400. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 5.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CPI Card Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of CPI Card Group by 5.7% during the third quarter. Vanguard Group Inc. now owns 498,101 shares of the company’s stock worth $7,541,000 after buying an additional 26,848 shares in the last quarter. Vector Capital Management L.P. raised its holdings in CPI Card Group by 18.6% in the third quarter. Vector Capital Management L.P. now owns 459,314 shares of the company’s stock valued at $6,954,000 after acquiring an additional 71,891 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its holdings 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 in the last quarter. Wasatch Advisors LP boosted its stake in CPI Card Group by 56.3% during the 2nd quarter. Wasatch Advisors LP now owns 357,754 shares of the company’s stock valued at $8,486,000 after acquiring an additional 128,808 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in CPI Card Group by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 145,450 shares of the company’s stock valued at $2,136,000 after acquiring an additional 7,236 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 (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.