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

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

A number of other research firms also recently commented on PMTS. Zacks Research downgraded CPI Card Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Lake Street Capital reiterated a “buy” rating and issued a $27.00 target price on shares of CPI Card Group in a report on Wednesday, May 6th. Roth Capital reissued a “buy” rating and set a $25.00 price target on shares of CPI Card Group in a research report on Tuesday, May 5th. Weiss Ratings upgraded CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Finally, DA Davidson restated a “buy” rating and issued a $30.00 price objective on shares of CPI Card Group in a report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.50.

CPI Card Group Stock Performance

CPI Card Group stock opened at $19.52 on Friday. CPI Card Group has a 1 year low of $10.81 and a 1 year high of $21.57. The firm has a 50 day moving average price of $18.50 and a 200 day moving average price of $15.98. The company has a market cap of $224.09 million, a price-to-earnings ratio of 19.14 and a beta of 1.03.

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

Insider Activity at CPI Card Group

In other CPI Card Group news, insider Donna Abbey Carmignani sold 4,870 shares of the stock in a transaction that occurred 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 sale, the insider owned 5,478 shares of the company’s stock, valued at $83,922.96. This trade represents a 47.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman H Sanford Riley acquired 5,400 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average price of $16.00 per share, for a total transaction of $86,400.00. Following the purchase, the chairman directly owned 5,400 shares of the company’s stock, valued at approximately $86,400. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 5.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On CPI Card Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new position in CPI Card Group in the 1st quarter worth $157,000. Walleye Capital LLC purchased a new position in CPI Card Group in the 1st quarter valued at about $358,000. Janney Montgomery Scott LLC boosted its position in CPI Card Group by 10.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,736 shares of the company’s stock valued at $214,000 after buying an additional 1,346 shares during the last quarter. Creek Drive Management Group LLC acquired a new stake in shares of CPI Card Group during the fourth quarter valued at about $440,000. Finally, Aristeia Capital L.L.C. acquired a new stake in shares of CPI Card Group during the fourth quarter valued at about $597,000. Hedge funds and other institutional investors own 22.08% of the company’s stock.

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.