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

CPI Card Group Inc. (NASDAQ:PMTS) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $28.25.

PMTS has been the subject of several analyst reports. Roth Mkm set a $30.00 price objective on CPI Card Group in a research note on Tuesday, November 4th. Lake Street Capital set a $25.00 price target on CPI Card Group in a report on Wednesday, November 5th. Zacks Research upgraded shares of CPI Card Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. B. Riley Financial cut their price objective on shares of CPI Card Group from $34.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Finally, DA Davidson reduced their target price on shares of CPI Card Group from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th.

Insider Transactions at CPI Card Group

In other news, major shareholder Equity Ulc Parallel49 sold 2,126,056 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $13.51, for a total transaction of $28,723,016.56. Following the completion of the transaction, the insider directly owned 2,687,921 shares of the company’s stock, valued at approximately $36,313,812.71. This represents a 44.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman H Sanford Riley purchased 200,000 shares of CPI Card Group stock in a transaction dated Thursday, December 4th. The stock was acquired at an average cost of $13.51 per share, with a total value of $2,702,000.00. Following the completion of the acquisition, the chairman directly owned 252,366 shares in the company, valued at approximately $3,409,464.66. This trade represents a 381.93% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On CPI Card Group

Several institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC purchased a new position in shares of CPI Card Group in the 4th quarter valued at about $52,000. Lazard Asset Management LLC grew its position in CPI Card Group by 100.4% during the second quarter. Lazard Asset Management LLC now owns 2,928 shares of the company’s stock worth $69,000 after buying an additional 1,467 shares during the period. IFP Advisors Inc grew its position in CPI Card Group by 37.0% during the third quarter. IFP Advisors Inc now owns 5,949 shares of the company’s stock worth $91,000 after buying an additional 1,607 shares during the period. Bank of America Corp DE increased its holdings in CPI Card Group by 98.7% in the third quarter. Bank of America Corp DE now owns 6,707 shares of the company’s stock valued at $102,000 after buying an additional 3,331 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of CPI Card Group during the 4th quarter valued at approximately $150,000. 22.08% of the stock is currently owned by hedge funds and other institutional investors.

CPI Card Group Stock Performance

Shares of NASDAQ:PMTS opened at $11.29 on Friday. CPI Card Group has a one year low of $10.81 and a one year high of $34.25. The stock has a market capitalization of $128.59 million, a price-to-earnings ratio of 9.41 and a beta of 1.29. The company has a 50-day simple moving average of $14.41 and a 200-day simple moving average of $14.99.

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.