CPI Card Group Inc. (NASDAQ:PMTS) Receives $27.50 Consensus Target Price from Analysts

CPI Card Group Inc. (NASDAQ:PMTS) has earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $27.50.

A number of brokerages recently issued reports on PMTS. Weiss Ratings raised shares of CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Roth Capital restated a “buy” rating and set a $25.00 price objective on shares of CPI Card Group in a research report on Tuesday, May 5th. Lake Street Capital reiterated a “buy” rating and issued a $27.00 target price on shares of CPI Card Group in a research report on Wednesday, May 6th. Zacks Research downgraded shares of CPI Card Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Wall Street Zen downgraded shares of CPI Card Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th.

Insider Buying and Selling

In related news, insider Donna Abbey Carmignani sold 4,870 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $15.32, for a total transaction of $74,608.40. Following the transaction, the insider directly owned 5,478 shares in the company, valued at approximately $83,922.96. The trade was a 47.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman H Sanford Riley acquired 6,500 shares of CPI Card Group stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of $16.00 per share, with a total value of $104,000.00. Following the completion of the transaction, the chairman directly owned 259,938 shares in the company, valued at $4,159,008. This represents a 2.56% increase in their position. The disclosure for this purchase is available in the SEC filing. 5.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CPI Card Group

Several institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new stake in CPI Card Group during the fourth quarter worth $29,000. Lazard Asset Management LLC increased its position in shares of CPI Card Group by 100.4% during the 2nd quarter. Lazard Asset Management LLC now owns 2,928 shares of the company’s stock valued at $69,000 after purchasing an additional 1,467 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in CPI Card Group in the fourth quarter valued at about $52,000. IFP Advisors Inc increased its stake in shares of CPI Card Group by 37.0% in the third quarter. IFP Advisors Inc now owns 5,949 shares of the company’s stock worth $91,000 after purchasing an additional 1,607 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in CPI Card Group by 98.7% during the 3rd quarter. Bank of America Corp DE now owns 6,707 shares of the company’s stock valued at $102,000 after acquiring an additional 3,331 shares during the period. 22.08% of the stock is owned by institutional investors.

CPI Card Group Trading Up 1.6%

Shares of NASDAQ:PMTS opened at $19.54 on Monday. CPI Card Group has a 1-year low of $10.81 and a 1-year high of $23.00. The business’s 50 day moving average is $17.84 and its 200-day moving average is $15.67. The firm has a market capitalization of $224.32 million, a PE ratio of 19.16 and a beta of 1.03.

CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.38 earnings per share (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 the consensus estimate of $134.69 million. CPI Card Group had a net margin of 2.15% and a negative return on equity of 92.16%. On average, sell-side analysts predict 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.