CPI Card Group (NASDAQ:PMTS) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of CPI Card Group (NASDAQ:PMTS) from a strong-buy rating to a buy rating in a research note released on Saturday.

PMTS has been the topic of several other reports. Weiss Ratings reissued a “sell (d+)” rating on shares of CPI Card Group in a report on Wednesday, January 21st. Zacks Research upgraded CPI Card Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $30.00 target price on shares of CPI Card Group in a research report on Wednesday, March 11th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, CPI Card Group presently has a consensus rating of “Hold” and a consensus target price of $28.25.

CPI Card Group Price Performance

PMTS stock opened at $14.45 on Friday. CPI Card Group has a one year low of $10.81 and a one year high of $29.89. The stock has a market cap of $165.60 million, a price-to-earnings ratio of 11.56 and a beta of 1.22. The company has a fifty day moving average price of $13.39 and a two-hundred day moving average price of $14.39.

CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings data on Thursday, March 5th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.27. The company had revenue of $153.05 million for 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%. Research analysts anticipate that CPI Card Group will post 1.63 EPS for the current fiscal year.

Institutional Trading of CPI Card Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in CPI Card Group in the 1st quarter valued at about $223,000. Acadian Asset Management LLC bought a new position in shares of CPI Card Group during the first quarter worth approximately $248,000. Geode Capital Management LLC raised its position in shares of CPI Card Group by 12.6% in the second 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. XTX Topco Ltd acquired a new stake in shares of CPI Card Group in the second quarter valued at approximately $259,000. Finally, First Trust Advisors LP boosted its stake 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 buying an additional 782 shares during the period. Institutional investors and hedge funds 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.