CPI Card Group Inc. (PMTS) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts remain moderately bullish: CPI Card Group has a “Moderate Buy” consensus from six brokerages, with four buy ratings, two holds, and an average 12-month price target of $30.25.
• Recent recommendations included price-target increases from DA Davidson to $34 and a $32 target from Roth Capital, while Zacks Research downgraded the stock to hold.
• Insider and institutional activity was mixed: a director bought $250,002 of shares, while major shareholder Equity Ulc Parallel49 sold approximately $54.9 million; institutional investors own 22.08% of the company.

CPI Card Group Inc. (NASDAQ:PMTS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six brokerages that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $30.25.

Several equities research analysts recently weighed in on the stock. B. Riley Financial restated a "buy" rating on shares of CPI Card Group in a research report on Friday, August 7th. DA Davidson increased their price objective on shares of CPI Card Group from $30.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, August 11th. Roth Capital reaffirmed a "buy" rating and issued a $32.00 price target on shares of CPI Card Group in a report on Tuesday, August 11th. Zacks Research lowered CPI Card Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Finally, Weiss Ratings raised CPI Card Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th.

Insider Buying and Selling

In other news, Director Nicholas Peters acquired 11,628 shares of the business's stock in a transaction on Monday, September 14th. The shares were acquired at an average price of $21.50 per share, for a total transaction of $250,002.00. Following the completion of the transaction, the director directly owned 11,628 shares of the company's stock, valued at approximately $250,002. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Equity Ulc Parallel49 sold 2,687,921 shares of the company's stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $20.43, for a total transaction of $54,914,226.03. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have purchased 31,232 shares of company stock worth $671,488. 5.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CPI Card Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ancora Advisors LLC purchased a new position in CPI Card Group during the second quarter worth about $41,000. Bank of New York Mellon Corp acquired a new stake in CPI Card Group in the second quarter valued at about $910,000. Lazard Asset Management LLC acquired a new stake in CPI Card Group in the first quarter valued at about $157,000. Walleye Capital LLC purchased a new stake in CPI Card Group in the 1st quarter valued at approximately $358,000. Finally, Janney Montgomery Scott LLC boosted its holdings 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 purchasing an additional 1,346 shares in the last quarter. Institutional investors own 22.08% of the company's stock.

CPI Card Group Trading Up 0.8%

Shares of PMTS stock opened at $25.71 on Wednesday. The stock has a market capitalization of $297.98 million, a price-to-earnings ratio of 22.36 and a beta of 1.13. CPI Card Group has a 12-month low of $10.81 and a 12-month high of $31.25. The stock's 50-day moving average price is $26.53 and its 200-day moving average price is $20.99.

CPI Card Group Company Profile

CPI Card Group Inc is a payment technology company that produces and supports payment cards for financial institutions, fintech companies, government agencies and other organizations. Its offerings include credit, debit, prepaid and other payment cards, along with related card-issuance and fulfillment services.

The company provides card personalization, packaging, fulfillment and distribution, as well as digital and physical card solutions designed to support payment programs. CPI Card Group also offers services intended to help customers manage card production, security and issuance across a range of payment products.

Headquartered in Littleton, Colorado, CPI Card Group primarily serves customers in the United States and Canada.

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