CPI Card Group (NASDAQ:PMTS) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of CPI Card Group (NASDAQ:PMTS) from a hold rating to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

A number of other research firms have also issued reports on PMTS. DA Davidson reaffirmed a “buy” rating and set a $30.00 target price on shares of CPI Card Group in a report on Wednesday, March 11th. Lake Street Capital reaffirmed a “buy” rating and set a $27.00 target price on shares of CPI Card Group in a report on Wednesday, May 6th. Wall Street Zen lowered CPI Card Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Roth Mkm reiterated a “buy” rating and issued a $25.00 price target on shares of CPI Card Group in a research report on Tuesday, May 5th. Finally, Weiss Ratings upgraded CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. One 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 MarketBeat, CPI Card Group has a consensus rating of “Buy” and an average price target of $27.50.

CPI Card Group Stock Performance

Shares of PMTS opened at $16.21 on Tuesday. The firm has a market capitalization of $186.09 million, a price-to-earnings ratio of 15.89 and a beta of 1.07. CPI Card Group has a one year low of $10.81 and a one year high of $25.50. The stock’s fifty day moving average is $16.52 and its 200-day moving average is $14.84.

CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The company had revenue of $147.11 million for the quarter, compared to analyst estimates of $134.69 million. CPI Card Group had a negative return on equity of 92.16% and a net margin of 2.15%. Analysts forecast that CPI Card Group will post 2.52 EPS for the current fiscal year.

Insider Transactions at CPI Card Group

In other CPI Card Group news, Chairman H Sanford Riley acquired 5,400 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of $16.00 per share, for a total transaction of $86,400.00. Following the transaction, the chairman owned 5,400 shares of the company’s stock, valued at $86,400. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donna Abbey Carmignani sold 4,870 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $15.32, for a total value of $74,608.40. Following the sale, the insider 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 disclosure for this sale is available in the SEC filing. Company insiders own 5.80% of the company’s stock.

Institutional Investors Weigh In On CPI Card Group

A number of institutional investors have recently bought and sold shares of PMTS. Jane Street Group LLC acquired a new stake in CPI Card Group during the 1st quarter worth about $223,000. Acadian Asset Management LLC bought a new position in shares of CPI Card Group in the 1st quarter valued at approximately $248,000. Geode Capital Management LLC raised its stake 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 acquiring an additional 14,039 shares in the last quarter. First Trust Advisors LP raised its stake 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 acquiring an additional 782 shares in the last quarter. Finally, Marshall Wace LLP raised its stake 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 acquiring an additional 10,930 shares in the last quarter. 22.08% of the stock is currently owned by institutional investors and hedge funds.

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.