CPI Card Group Inc. (NASDAQ:PMTS) Receives $27.50 Average PT from Brokerages

CPI Card Group Inc. (NASDAQ:PMTS) has received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $27.50.

Several brokerages recently weighed in on PMTS. Roth Mkm reaffirmed a “buy” rating and set a $25.00 target price on shares of CPI Card Group in a research note on Tuesday, May 5th. DA Davidson reaffirmed a “buy” rating and set a $30.00 target price on shares of CPI Card Group in a research note on Wednesday, March 11th. Weiss Ratings cut CPI Card Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Lake Street Capital reaffirmed a “buy” rating and set a $27.00 target price on shares of CPI Card Group in a research note on Wednesday, May 6th. Finally, Wall Street Zen cut CPI Card Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th.

Insider Buying and Selling at CPI Card Group

In related news, Chairman H Sanford Riley bought 5,400 shares of CPI Card Group stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average cost of $16.00 per share, with a total value of $86,400.00. Following the completion of the acquisition, the chairman directly owned 5,400 shares in the company, valued at approximately $86,400. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Donna Abbey Carmignani sold 4,870 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $15.32, for a total value of $74,608.40. Following the sale, the insider directly owned 5,478 shares of the company’s stock, valued at approximately $83,922.96. This represents a 47.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.80% of the company’s stock.

Institutional Investors Weigh In On CPI Card Group

Several hedge funds have recently modified their holdings of PMTS. Kestra Advisory Services LLC purchased a new stake in shares of CPI Card Group during the fourth quarter valued at $29,000. Los Angeles Capital Management LLC purchased a new stake in shares of CPI Card Group during the fourth quarter valued at $52,000. Lazard Asset Management LLC lifted its holdings in shares of 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 during the last quarter. IFP Advisors Inc lifted its holdings in shares of CPI Card Group by 37.0% during the third quarter. IFP Advisors Inc now owns 5,949 shares of the company’s stock valued at $91,000 after purchasing an additional 1,607 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of CPI Card Group by 73.1% during the fourth quarter. Wells Fargo & Company MN now owns 6,769 shares of the company’s stock valued at $99,000 after purchasing an additional 2,859 shares during the last quarter. 22.08% of the stock is owned by hedge funds and other institutional investors.

CPI Card Group Stock Down 0.8%

Shares of PMTS stock opened at $15.91 on Friday. The stock has a 50-day simple moving average of $16.05 and a 200 day simple moving average of $14.66. CPI Card Group has a fifty-two week low of $10.81 and a fifty-two week high of $25.50. The stock has a market capitalization of $182.65 million, a P/E ratio of 15.60 and a beta of 1.10.

CPI Card Group (NASDAQ:PMTS) last announced its earnings results on Tuesday, May 5th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.06. CPI Card Group had a negative return on equity of 92.16% and a net margin of 2.15%.The business had revenue of $147.11 million during the quarter, compared to analysts’ expectations of $134.69 million. On average, sell-side analysts anticipate that CPI Card Group will post 1.89 earnings per share for the current year.

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.