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

Key Points

• CPI Card Group Inc. has received a consensus rating of "Moderate Buy" from six brokerages, with an average target price of $34.00.
• The company's last earnings report showed a loss of $0.52 per share against expectations of $0.56, with revenues of $129.75 million.
• Insider buying has increased recently, with Chairman H Sanford Riley purchasing 10,000 shares at an average price of $15.75, raising his position by approximately 47.54%.

CPI Card Group Inc. (NASDAQ:PMTS - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $34.00.

A number of equities research analysts have commented on the company. Wall Street Zen downgraded CPI Card Group from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Lake Street Capital reduced their target price 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. DA Davidson reduced their target price 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. Zacks Research raised CPI Card Group to a "hold" rating in a report on Monday, August 11th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of CPI Card Group in a report on Saturday, September 27th.

CPI Card Group Trading Down 0.4%

Shares of PMTS opened at $15.24 on Friday. The firm has a market cap of $172.82 million, a PE ratio of 13.61 and a beta of 1.38. The company's 50 day simple moving average is $15.93 and its 200-day simple moving average is $21.17. CPI Card Group has a 12-month low of $12.52 and a 12-month high of $35.19.

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

Insider Buying and Selling

In other news, Chairman H Sanford Riley purchased 10,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was acquired at an average price of $15.75 per share, with a total value of $157,500.00. Following the purchase, the chairman directly owned 31,033 shares of the company's stock, valued at $488,769.75. This represents a 47.54% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.80% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE acquired a new position in shares of CPI Card Group during the 1st quarter worth $33,000. Lazard Asset Management LLC raised its stake 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 worth $69,000 after buying an additional 1,467 shares during the last quarter. Virtus Advisers LLC acquired a new position in shares of CPI Card Group during the 1st quarter worth $101,000. IFP Advisors Inc raised its stake in shares of CPI Card Group by 52.5% during the 2nd quarter. IFP Advisors Inc now owns 4,342 shares of the company's stock worth $103,000 after buying an additional 1,494 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of CPI Card Group by 130.4% during the 1st quarter. Russell Investments Group Ltd. now owns 3,800 shares of the company's stock worth $111,000 after buying an additional 2,151 shares during the last quarter. Institutional investors and hedge funds own 22.08% of the company's stock.

About CPI Card Group

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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