CPI Card Group Inc. (NASDAQ:PMTS) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• CPI Card Group Inc. has received an average recommendation of "Moderate Buy" from five research firms, with an average 12-month price target of $34.00.
• Recent insider trading saw Chairman H Sanford Riley acquiring 10,000 shares at $15.75 each, representing a 47.54% increase in his holdings.
• The company's recent earnings report revealed a loss of $0.52 per share, significantly missing the consensus estimate, with total revenue of $129.75 million.

Shares of CPI Card Group Inc. (NASDAQ:PMTS - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $34.00.

Several research firms have commented on PMTS. Lake Street Capital cut their price target on CPI Card Group from $35.00 to $30.00 and set a "buy" rating for the company in a report on Monday, August 11th. Zacks Research raised CPI Card Group to a "hold" rating in a report on Monday, August 11th. Wall Street Zen cut CPI Card Group from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, DA Davidson cut their price target on CPI Card Group from $38.00 to $32.00 and set a "buy" rating for the company in a report on Tuesday, August 12th.

Insider Buying and Selling

In related news, Chairman H Sanford Riley acquired 10,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were bought at an average cost of $15.75 per share, for a total transaction of $157,500.00. Following the purchase, the chairman owned 31,033 shares in the company, valued at approximately $488,769.75. This trade represents a 47.54% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CPI Card Group

Large investors have recently modified their holdings of the stock. US Bancorp DE bought a new stake in shares of CPI Card Group in the 1st quarter valued at approximately $33,000. Lazard Asset Management LLC grew its stake in shares of CPI Card Group by 100.4% in 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 period. Wells Fargo & Company MN grew its stake in shares of CPI Card Group by 44.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock valued at $75,000 after purchasing an additional 776 shares during the period. Virtus Investment Advisers Inc. bought a new stake in shares of CPI Card Group in the 4th quarter valued at approximately $84,000. Finally, Virtus Advisers LLC bought a new stake in shares of CPI Card Group in the 1st quarter valued at approximately $101,000. 22.08% of the stock is currently owned by institutional investors.

CPI Card Group Stock Performance

NASDAQ PMTS opened at $14.05 on Tuesday. CPI Card Group has a twelve month low of $12.52 and a twelve month high of $35.19. The stock has a market capitalization of $159.33 million, a PE ratio of 12.54 and a beta of 1.46. The stock has a 50-day simple moving average of $18.69 and a 200 day simple moving average of $23.00.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.52). The business had revenue of $129.75 million for the quarter, compared to analyst estimates of $132.96 million. CPI Card Group had a negative return on equity of 58.00% and a net margin of 2.66%. As a group, equities research analysts forecast that CPI Card Group will post 1.63 EPS for the current fiscal year.

CPI Card Group Company Profile

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing financial institutions.

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