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

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have been assigned a consensus rating of “Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $27.50.

PMTS has been the topic of a number of recent analyst reports. Lake Street Capital reissued a “buy” rating and issued a $27.00 price objective on shares of CPI Card Group in a research report on Wednesday, May 6th. Zacks Research raised shares of CPI Card Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. DA Davidson reissued a “buy” rating and issued a $30.00 price objective on shares of CPI Card Group in a research report on Wednesday, March 11th. Roth Mkm reissued a “buy” rating and issued a $25.00 price objective on shares of CPI Card Group in a research report on Tuesday, May 5th. Finally, Weiss Ratings raised shares of CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 1st.

Insider Buying and Selling at CPI Card Group

In other news, 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 completion of the transaction, the insider owned 5,478 shares in the company, valued at approximately $83,922.96. This represents a 47.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman H Sanford Riley bought 6,500 shares of the stock in a transaction dated Tuesday, May 19th. The stock was bought at an average price of $16.00 per share, with a total value of $104,000.00. Following the acquisition, the chairman owned 259,938 shares in the company, valued at approximately $4,159,008. This represents a 2.56% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 5.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PMTS. Jane Street Group LLC acquired a new position in shares of CPI Card Group in the 1st quarter valued at $223,000. Acadian Asset Management LLC acquired a new position in shares of CPI Card Group in the 1st quarter valued at $248,000. Geode Capital Management LLC boosted its holdings in shares of CPI Card Group by 12.6% in the 2nd quarter. Geode Capital Management LLC now owns 125,500 shares of the company’s stock valued at $2,977,000 after buying an additional 14,039 shares in the last quarter. First Trust Advisors LP boosted its holdings 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 valued at $355,000 after buying an additional 782 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of CPI Card Group by 11.9% in the 2nd quarter. Marshall Wace LLP now owns 102,834 shares of the company’s stock valued at $2,439,000 after buying an additional 10,930 shares in the last quarter. Institutional investors and hedge funds own 22.08% of the company’s stock.

CPI Card Group Trading Up 0.2%

Shares of NASDAQ:PMTS opened at $18.52 on Thursday. CPI Card Group has a 52 week low of $10.81 and a 52 week high of $25.50. The company’s 50 day moving average is $16.88 and its two-hundred day moving average is $15.03. The company has a market cap of $212.61 million, a PE ratio of 18.16 and a beta of 1.07.

CPI Card Group (NASDAQ:PMTS) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $147.11 million for the quarter, compared to the consensus estimate of $134.69 million. As a group, equities research analysts expect that CPI Card Group will post 2.52 EPS for the current year.

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.