CPI Card Group Inc. (NASDAQ:PMTS) Receives $34.00 Average PT from Brokerages

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%.

CPI Card Group Inc. (NASDAQ:PMTS - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the five analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $34.00.

PMTS has been the topic of a number of research reports. DA Davidson decreased their price objective on CPI Card Group from $38.00 to $32.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Wall Street Zen lowered CPI Card Group from a "buy" rating to a "hold" rating in a report on Saturday. Lake Street Capital reduced their price target on CPI Card Group from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, August 11th. Finally, Zacks Research upgraded CPI Card Group to a "hold" rating in a report on Monday, August 11th.

Insiders Place Their Bets

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 bought at an average cost of $15.75 per share, with a total value of $157,500.00. Following the transaction, the chairman directly owned 31,033 shares in the company, valued at $488,769.75. The trade was a 47.54% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CPI Card Group

Several institutional investors have recently added to or reduced their stakes in PMTS. JPMorgan Chase & Co. raised its stake in shares of CPI Card Group by 703.0% during the fourth quarter. JPMorgan Chase & Co. now owns 18,188 shares of the company's stock worth $544,000 after purchasing an additional 15,923 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of CPI Card Group by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 110,582 shares of the company's stock worth $3,306,000 after purchasing an additional 1,953 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of CPI Card Group by 44.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock worth $75,000 after purchasing an additional 776 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of CPI Card Group by 1,635.8% during the fourth quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company's stock worth $49,000 after purchasing an additional 1,554 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of CPI Card Group by 344.0% during the fourth quarter. Renaissance Technologies LLC now owns 34,600 shares of the company's stock worth $1,034,000 after purchasing an additional 26,808 shares during the last quarter. Hedge funds and other institutional investors own 22.08% of the company's stock.

CPI Card Group Stock Down 0.7%

Shares of PMTS traded down $0.10 during trading hours on Friday, reaching $15.08. 14,036 shares of the company traded hands, compared to its average volume of 48,090. The stock has a market capitalization of $171.01 million, a P/E ratio of 13.48 and a beta of 1.31. CPI Card Group has a 12-month low of $12.52 and a 12-month high of $35.19. The business has a fifty day moving average price of $20.90 and a 200-day moving average price of $24.41.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last posted 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). The business had revenue of $129.75 million for the quarter, compared to analyst estimates of $132.96 million. CPI Card Group had a net margin of 2.66% and a negative return on equity of 58.00%. As a group, research analysts predict 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.