CPI Card Group Inc. (NASDAQ:PMTS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $30.25.

A number of research analysts have weighed in on PMTS shares. B. Riley Financial reaffirmed a “buy” rating on shares of CPI Card Group in a report on Friday, August 7th. Wall Street Zen upgraded CPI Card Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. DA Davidson raised their target price on CPI Card Group from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Weiss Ratings raised CPI Card Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Zacks Research downgraded CPI Card Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new position in shares of CPI Card Group during the 4th quarter valued at approximately $29,000. Ancora Advisors LLC purchased a new stake in CPI Card Group in the 2nd quarter worth $41,000. California State Teachers Retirement System raised its position in CPI Card Group by 453.8% during the second quarter. California State Teachers Retirement System now owns 2,265 shares of the company’s stock worth $47,000 after acquiring an additional 1,856 shares during the period. Los Angeles Capital Management LLC purchased a new position in CPI Card Group during the fourth quarter valued at $52,000. Finally, Lazard Asset Management LLC lifted its holdings 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 purchasing an additional 1,467 shares in the last quarter. 22.08% of the stock is owned by institutional investors and hedge funds.

CPI Card Group Price Performance

PMTS opened at $28.49 on Tuesday. The firm has a fifty day moving average price of $22.00 and a 200 day moving average price of $17.77. CPI Card Group has a 1 year low of $10.81 and a 1 year high of $31.25. The stock has a market cap of $328.52 million, a P/E ratio of 24.77 and a beta of 1.05.

About CPI Card Group

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.