CPI Card Group Inc. (NASDAQ:PMTS) Given Average Rating of “Moderate Buy” by Brokerages

CPI Card Group Inc. (NASDAQ:PMTS) has been given a consensus rating of “Moderate Buy” by the six research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation 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.

Several research analysts recently commented on PMTS shares. Lake Street Capital set a $25.00 price target on shares of CPI Card Group in a research note on Wednesday, November 5th. Weiss Ratings restated a “sell (d+)” rating on shares of CPI Card Group in a report on Wednesday, January 21st. B. Riley cut their price target on shares of CPI Card Group from $34.00 to $28.00 and set a “buy” rating for the company in a report on Monday, November 10th. Roth Mkm set a $30.00 price objective on CPI Card Group in a report on Tuesday, November 4th. Finally, DA Davidson lowered their target price 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.

CPI Card Group Stock Performance

Shares of CPI Card Group stock opened at $12.70 on Friday. CPI Card Group has a one year low of $11.64 and a one year high of $34.25. The stock has a market cap of $144.65 million, a price-to-earnings ratio of 10.58 and a beta of 1.29. The stock has a 50 day moving average price of $14.58 and a 200-day moving average price of $15.30.

CPI Card Group (NASDAQ:PMTS) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.16). CPI Card Group had a negative return on equity of 58.98% and a net margin of 2.79%.The firm had revenue of $137.97 million during the quarter, compared to the consensus estimate of $140.62 million. Sell-side analysts predict that CPI Card Group will post 1.63 earnings per share for the current fiscal year.

Insider Buying and Selling at CPI Card Group

In other CPI Card Group news, major shareholder Equity Ulc Parallel49 sold 2,126,056 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $13.51, for a total transaction of $28,723,016.56. Following the sale, the insider owned 2,687,921 shares in the company, valued at $36,313,812.71. This represents a 44.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 price of $13.51 per share, for a total transaction of $2,702,000.00. Following the completion of the purchase, the chairman directly owned 252,366 shares of the company’s stock, valued at approximately $3,409,464.66. This trade represents a 381.93% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On CPI Card Group

Several hedge funds have recently added to or reduced their stakes in PMTS. Pacific Ridge Capital Partners LLC boosted its stake in CPI Card Group by 13.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 442,464 shares of the company’s stock valued at $6,495,000 after acquiring an additional 51,139 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of 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 acquiring an additional 1,607 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of CPI Card Group by 9.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 56,745 shares of the company’s stock valued at $859,000 after acquiring an additional 5,116 shares in the last quarter. Vector Capital Management L.P. increased its stake in shares of CPI Card Group by 18.6% during the third quarter. Vector Capital Management L.P. now owns 459,314 shares of the company’s stock worth $6,954,000 after acquiring an additional 71,891 shares during the period. Finally, Millennium Management LLC raised its holdings in CPI Card Group by 93.9% during the third quarter. Millennium Management LLC now owns 32,744 shares of the company’s stock worth $496,000 after purchasing an additional 15,856 shares in the last quarter. 22.08% of the stock is currently owned by hedge funds and other institutional investors.

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.