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

CPI Card Group Inc. (NASDAQ:PMTS) has earned an average rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $27.50.

A number of brokerages recently weighed in on PMTS. DA Davidson reiterated a “buy” rating and set a $30.00 price target on shares of CPI Card Group in a research note on Wednesday, March 11th. Roth Mkm reiterated a “buy” rating and set a $25.00 price target on shares of CPI Card Group in a research note on Tuesday, May 5th. Zacks Research upgraded shares of CPI Card Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. 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. Finally, Wall Street Zen upgraded shares of CPI Card Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th.

CPI Card Group Price Performance

Shares of NASDAQ:PMTS opened at $18.52 on Thursday. The stock has a market cap of $212.61 million, a P/E ratio of 18.16 and a beta of 1.07. The firm has a fifty day moving average price of $16.88 and a 200 day moving average price of $15.03. CPI Card Group has a 1-year low of $10.81 and a 1-year high of $25.50.

CPI Card Group (NASDAQ:PMTS) last issued its quarterly 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. The firm had revenue of $147.11 million during the quarter, compared to analysts’ expectations of $134.69 million. CPI Card Group had a net margin of 2.15% and a negative return on equity of 92.16%. Sell-side analysts expect that CPI Card Group will post 2.52 EPS for the current fiscal year.

Insider Buying and Selling at CPI Card Group

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

Institutional Trading of CPI Card Group

Several hedge funds have recently made changes to their positions in PMTS. Pacific Ridge Capital Partners LLC lifted its stake in shares of CPI Card Group by 75.0% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 391,325 shares of the company’s stock worth $5,925,000 after acquiring an additional 167,764 shares during the period. Wasatch Advisors LP increased its holdings in shares of CPI Card Group by 56.3% in the 2nd quarter. Wasatch Advisors LP now owns 357,754 shares of the company’s stock valued at $8,486,000 after purchasing an additional 128,808 shares in the last quarter. Vector Capital Management L.P. increased its holdings in shares of CPI Card Group by 18.6% in the 3rd quarter. Vector Capital Management L.P. now owns 459,314 shares of the company’s stock valued at $6,954,000 after purchasing an additional 71,891 shares in the last quarter. Aristeia Capital L.L.C. purchased a new position in shares of CPI Card Group in the 4th quarter valued at about $597,000. Finally, Monimus Capital Management LP increased its holdings in shares of CPI Card Group by 131.2% in the 4th quarter. Monimus Capital Management LP now owns 67,257 shares of the company’s stock valued at $987,000 after purchasing an additional 38,170 shares in the last quarter. 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.