CPI Card Group’s (PMTS) Buy Rating Reiterated at DA Davidson

CPI Card Group (NASDAQ:PMTS)‘s stock had its “buy” rating reiterated by stock analysts at DA Davidson in a report released on Thursday,Benzinga reports. They presently have a $30.00 price target on the stock. DA Davidson’s target price suggests a potential upside of 53.57% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Lake Street Capital reiterated a “buy” rating and set a $27.00 target price on shares of CPI Card Group in a research report on Wednesday, May 6th. Roth Mkm restated a “buy” rating and set a $25.00 price target on shares of CPI Card Group in a research report on Tuesday, May 5th. Weiss Ratings upgraded CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Zacks Research upgraded CPI Card Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Finally, Wall Street Zen raised CPI Card Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $27.50.

CPI Card Group Stock Performance

NASDAQ PMTS traded up $0.66 on Thursday, hitting $19.54. The stock had a trading volume of 19,895 shares, compared to its average volume of 51,964. The firm has a 50-day moving average of $17.35 and a 200-day moving average of $15.39. CPI Card Group has a 52-week low of $10.81 and a 52-week high of $25.50. The company has a market capitalization of $224.26 million, a price-to-earnings ratio of 19.15 and a beta of 1.07.

CPI Card Group (NASDAQ:PMTS) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.06. CPI Card Group had a net margin of 2.15% and a negative return on equity of 92.16%. The firm had revenue of $147.11 million for the quarter, compared to analysts’ expectations of $134.69 million. As a group, research analysts anticipate that CPI Card Group will post 2.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Donna Abbey Carmignani sold 4,870 shares of CPI Card Group 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 transaction, the insider directly owned 5,478 shares of the company’s stock, valued at $83,922.96. The trade was a 47.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman H Sanford Riley purchased 6,500 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were purchased at an average cost of $16.00 per share, with a total value of $104,000.00. Following the transaction, the chairman directly owned 259,938 shares in the company, valued at $4,159,008. This trade represents a 2.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 5.80% of the stock is owned by insiders.

Institutional Investors Weigh In On CPI Card Group

A number of large investors have recently modified their holdings of PMTS. Pacific Ridge Capital Partners LLC boosted its position in CPI Card Group by 75.0% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 391,325 shares of the company’s stock valued at $5,925,000 after acquiring an additional 167,764 shares in the last quarter. Wasatch Advisors LP boosted its holdings in shares of CPI Card Group by 56.3% during the 2nd quarter. Wasatch Advisors LP now owns 357,754 shares of the company’s stock valued at $8,486,000 after buying an additional 128,808 shares in the last quarter. Vector Capital Management L.P. grew its position 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 worth $6,954,000 after buying an additional 71,891 shares during the period. Aristeia Capital L.L.C. purchased a new stake in shares of CPI Card Group in the 4th quarter worth about $597,000. Finally, Monimus Capital Management LP increased 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 acquiring an additional 38,170 shares in the last quarter. Institutional investors 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.