Analysts Set CPI Card Group Inc. (NASDAQ:PMTS) Price Target at $28.25

CPI Card Group Inc. (NASDAQ:PMTS) has been assigned a consensus rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $28.25.

A number of brokerages recently weighed in on PMTS. Zacks Research upgraded shares of CPI Card Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of CPI Card Group in a report on Wednesday, January 21st. DA Davidson reaffirmed a “buy” rating and set a $30.00 price target on shares of CPI Card Group in a report on Wednesday, February 18th. Finally, B. Riley Financial dropped their price objective on CPI Card Group from $34.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, November 10th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PMTS. Creek Drive Management Group LLC bought a new position in CPI Card Group during the fourth quarter valued at approximately $440,000. Aristeia Capital L.L.C. bought a new position in shares of CPI Card Group during the 4th quarter valued at $597,000. Trexquant Investment LP lifted its holdings in shares of CPI Card Group by 118.4% during the 4th quarter. Trexquant Investment LP now owns 32,991 shares of the company’s stock valued at $484,000 after buying an additional 17,886 shares during the period. Monimus Capital Management LP boosted its stake 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 worth $987,000 after buying an additional 38,170 shares during the last quarter. Finally, State of Wisconsin Investment Board bought a new stake in shares of CPI Card Group in the fourth quarter worth $200,000. 22.08% of the stock is owned by hedge funds and other institutional investors.

CPI Card Group Price Performance

PMTS opened at $17.60 on Tuesday. The firm has a market cap of $200.46 million, a PE ratio of 14.67 and a beta of 1.22. The stock has a 50-day moving average price of $13.23 and a 200-day moving average price of $14.46. CPI Card Group has a 1 year low of $10.81 and a 1 year high of $31.85.

CPI Card Group (NASDAQ:PMTS) last announced its quarterly earnings data on Thursday, March 5th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.50 by $0.12. The company had revenue of $153.05 million for the quarter, compared to the consensus estimate of $145.22 million. CPI Card Group had a net margin of 2.79% and a negative return on equity of 58.98%. As a group, sell-side analysts anticipate that CPI Card Group will post 1.63 EPS for the current year.

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.