CPI Card Group Inc. (NASDAQ:PMTS) Receives $28.25 Average PT from Analysts

CPI Card Group Inc. (NASDAQ:PMTS) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $28.25.

PMTS has been the subject of several analyst reports. Zacks Research upgraded CPI Card Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. B. Riley Financial decreased their price target on CPI Card Group from $34.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, November 10th. DA Davidson lowered their price target on CPI Card Group from $32.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Lake Street Capital set a $25.00 price target on CPI Card Group in a research note on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CPI Card Group in a research report on Wednesday, January 21st.

CPI Card Group Stock Up 1.8%

NASDAQ:PMTS opened at $12.93 on Friday. The stock has a market capitalization of $147.27 million, a price-to-earnings ratio of 10.78 and a beta of 1.29. CPI Card Group has a 52 week low of $11.64 and a 52 week high of $34.25. The firm has a 50 day moving average of $14.57 and a 200 day moving average of $15.16.

Insiders Place Their Bets

In other news, Chairman H Sanford Riley bought 200,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were purchased at an average cost of $13.51 per share, with a total value of $2,702,000.00. Following the transaction, the chairman directly owned 252,366 shares in the company, valued at approximately $3,409,464.66. The trade was a 381.93% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Equity Ulc Parallel49 sold 2,126,056 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $13.51, for a total value of $28,723,016.56. Following the completion of the transaction, the insider owned 2,687,921 shares of the company’s stock, valued at $36,313,812.71. This trade represents a 44.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.80% of the company’s stock.

Institutional Trading of CPI Card Group

Large investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC raised its stake in shares of CPI Card Group by 100.4% in the second quarter. Lazard Asset Management LLC now owns 2,928 shares of the company’s stock worth $69,000 after purchasing an additional 1,467 shares during the last quarter. IFP Advisors Inc increased its holdings in CPI Card Group by 37.0% in the 3rd quarter. IFP Advisors Inc now owns 5,949 shares of the company’s stock worth $91,000 after buying an additional 1,607 shares during the period. Bank of America Corp DE raised its position in CPI Card Group by 98.7% during the 3rd quarter. Bank of America Corp DE now owns 6,707 shares of the company’s stock worth $102,000 after buying an additional 3,331 shares during the last quarter. Man Group plc boosted its holdings in shares of CPI Card Group by 8.3% in the 3rd quarter. Man Group plc now owns 13,134 shares of the company’s stock valued at $199,000 after acquiring an additional 1,006 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of CPI Card Group in the first quarter worth $223,000. Hedge funds and other institutional investors own 22.08% of the company’s stock.

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.