CPI Card Group (NASDAQ:PMTS) Stock Rating Lowered by Wall Street Zen

CPI Card Group (NASDAQ:PMTS) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

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

CPI Card Group Price Performance

CPI Card Group stock opened at $14.19 on Friday. The stock has a market capitalization of $162.62 million, a P/E ratio of 11.35 and a beta of 1.22. CPI Card Group has a 12-month low of $10.81 and a 12-month high of $30.44. The firm’s 50-day moving average is $13.38 and its two-hundred day moving average is $14.40.

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

Institutional Investors Weigh In On CPI Card Group

Institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in CPI Card Group during the first quarter worth approximately $223,000. Acadian Asset Management LLC acquired a new stake in shares of CPI Card Group during the 1st quarter worth $248,000. Geode Capital Management LLC increased its holdings in shares of CPI Card Group by 12.6% during the 2nd quarter. Geode Capital Management LLC now owns 125,500 shares of the company’s stock worth $2,977,000 after buying an additional 14,039 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of CPI Card Group in the 2nd quarter worth $259,000. Finally, First Trust Advisors LP raised its position in shares of CPI Card Group by 5.5% in the 2nd quarter. First Trust Advisors LP now owns 14,987 shares of the company’s stock worth $355,000 after buying an additional 782 shares during the period. 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.