CPI Card Group Inc. (NASDAQ:PMTS) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• CPI Card Group Inc. has received a consensus rating of "Moderate Buy" from five research firms, with a one-year price target averaging $34.00.
• Recent analyst reports included updates from DA Davidson and Lake Street Capital, both of which lowered their price objectives while maintaining a "buy" rating.
• In a recent insider transaction, Chairman H Sanford Riley bought 10,000 shares at $15.75 each, increasing his ownership by 47.54%.

Shares of CPI Card Group Inc. (NASDAQ:PMTS - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $34.00.

PMTS has been the subject of several recent analyst reports. DA Davidson dropped their price objective on CPI Card Group from $38.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday. Lake Street Capital dropped their price objective on CPI Card Group from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Monday. Wall Street Zen upgraded CPI Card Group from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Finally, Zacks Research upgraded CPI Card Group to a "hold" rating in a research report on Monday.

Insider Buying and Selling

In other news, Chairman H Sanford Riley bought 10,000 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was purchased at an average cost of $15.75 per share, for a total transaction of $157,500.00. Following the completion of the transaction, the chairman owned 31,033 shares of the company's stock, valued at $488,769.75. This trade represents a 47.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.80% of the company's stock.

Hedge Funds Weigh In On CPI Card Group

A number of hedge funds have recently made changes to their positions in PMTS. Wasatch Advisors LP bought a new position in shares of CPI Card Group during the fourth quarter worth about $10,175,000. Vector Capital Management L.P. raised its position in shares of CPI Card Group by 38.4% during the fourth quarter. Vector Capital Management L.P. now owns 360,318 shares of the company's stock worth $10,770,000 after acquiring an additional 100,000 shares during the last quarter. Nuveen LLC bought a new position in shares of CPI Card Group during the first quarter worth about $1,685,000. Manatuck Hill Partners LLC bought a new position in shares of CPI Card Group during the fourth quarter worth about $1,644,000. Finally, Ancora Advisors LLC bought a new position in shares of CPI Card Group during the fourth quarter worth about $1,615,000. 22.08% of the stock is currently owned by institutional investors.

CPI Card Group Stock Performance

PMTS opened at $15.72 on Friday. The company has a market capitalization of $178.26 million, a P/E ratio of 14.04 and a beta of 1.31. The stock has a fifty day moving average of $21.28 and a 200-day moving average of $24.72. CPI Card Group has a fifty-two week low of $12.52 and a fifty-two week high of $35.19.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last announced 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). 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 the consensus estimate of $132.96 million. On average, equities research analysts predict that CPI Card Group will post 1.63 earnings per share for the current fiscal year.

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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