CPI Card Group (NASDAQ:PMTS) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen downgraded shares of CPI Card Group (NASDAQ:PMTS) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

Other analysts have also issued research reports about the stock. Zacks Research raised shares of CPI Card Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of CPI Card Group in a research note on Wednesday, January 21st. Finally, DA Davidson reissued a “buy” rating and set a $30.00 price target on shares of CPI Card Group in a research report on Wednesday, March 11th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $28.25.

CPI Card Group Price Performance

Shares of CPI Card Group stock opened at $14.19 on Friday. The firm has a market cap of $162.62 million, a price-to-earnings ratio of 11.35 and a beta of 1.22. The stock’s 50-day moving average is $13.38 and its 200-day moving average is $14.39. CPI Card Group has a one year low of $10.81 and a one year high of $30.44.

CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings data on Thursday, March 5th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.27. CPI Card Group had a negative return on equity of 78.82% and a net margin of 2.75%.The business had revenue of $153.05 million during the quarter, compared to the consensus estimate of $145.22 million. On average, equities analysts expect that CPI Card Group will post 1.63 EPS for the current year.

Institutional Investors Weigh In On CPI Card Group

Large investors have recently added to or reduced their stakes in the business. First Trust Advisors LP grew its position in shares of CPI Card Group by 5.5% in the second quarter. First Trust Advisors LP now owns 14,987 shares of the company’s stock valued at $355,000 after purchasing an additional 782 shares during the last quarter. Man Group plc lifted its holdings in CPI Card Group by 8.3% during the 3rd quarter. Man Group plc now owns 13,134 shares of the company’s stock worth $199,000 after purchasing an additional 1,006 shares during the last quarter. Lazard Asset Management LLC boosted its stake in CPI Card Group by 100.4% in the 2nd 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 period. IFP Advisors Inc grew 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 valued at $91,000 after buying an additional 1,607 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in CPI Card Group in the 4th quarter valued at $29,000. 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.