CPI Card Group Inc. (NASDAQ:PMTS) Receives $34.00 Consensus Target Price from Analysts

CPI Card Group Inc. (NASDAQ:PMTS) has been given an average rating of “Moderate Buy” by the six analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $34.00.

A number of brokerages have recently issued reports on PMTS. Lake Street Capital cut their target price on CPI Card Group from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, August 11th. Wall Street Zen lowered CPI Card Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. DA Davidson cut their target price on CPI Card Group from $38.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. Zacks Research raised CPI Card Group to a “hold” rating in a research report on Monday, August 11th. Finally, Weiss Ratings lowered CPI Card Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday.

Insiders Place Their Bets

In other CPI Card Group news, Chairman H Sanford Riley purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were purchased at an average cost of $15.75 per share, with a total value of $157,500.00. Following the completion of the transaction, the chairman owned 31,033 shares of the company’s stock, valued at approximately $488,769.75. This represents a 47.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. US Bancorp DE acquired a new position in CPI Card Group during the first quarter valued at $33,000. Lazard Asset Management LLC raised its position 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. Virtus Advisers LLC acquired a new position in CPI Card Group during the first quarter valued at $101,000. Russell Investments Group Ltd. grew its stake in CPI Card Group by 130.4% in the first quarter. Russell Investments Group Ltd. now owns 3,800 shares of the company’s stock valued at $111,000 after purchasing an additional 2,151 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in CPI Card Group by 52.5% in the second quarter. IFP Advisors Inc now owns 4,342 shares of the company’s stock valued at $103,000 after purchasing an additional 1,494 shares in the last quarter. 22.08% of the stock is owned by institutional investors and hedge funds.

CPI Card Group Stock Performance

PMTS opened at $15.11 on Friday. The stock’s fifty day moving average is $15.46 and its 200-day moving average is $20.68. The company has a market capitalization of $171.35 million, a PE ratio of 13.49 and a beta of 1.38. CPI Card Group has a one year low of $12.52 and a one year high of $35.19.

CPI Card Group (NASDAQ:PMTS) last announced its earnings results on Friday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.52). The company had revenue of $129.75 million for the quarter, compared to analyst estimates of $132.96 million. CPI Card Group had a negative return on equity of 58.00% and a net margin of 2.66%. On average, equities research analysts forecast that CPI Card Group will post 1.63 EPS for the current fiscal year.

CPI Card Group Company Profile

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing financial institutions.