CPI Card Group (NASDAQ:PMTS) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded CPI Card Group from a “strong-buy” to a “buy,” while the broader analyst consensus remains Moderate Buy with a $27.50 target price.
• The company recently reported better-than-expected quarterly results, posting EPS of $0.38 versus the $0.32 estimate and revenue of $147.11 million versus $134.69 million expected.
• Shares were trading around $15.60, giving CPI Card Group a market cap of about $179 million; institutional investors own roughly 22.08% of the stock.

CPI Card Group (NASDAQ:PMTS - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Saturday.

Several other research analysts also recently commented on the company. Weiss Ratings upgraded CPI Card Group from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday. Lake Street Capital reiterated a "buy" rating and set a $27.00 target price on shares of CPI Card Group in a research note on Wednesday. Roth Mkm reiterated a "buy" rating and set a $25.00 target price on shares of CPI Card Group in a research note on Tuesday. Finally, DA Davidson restated a "buy" rating and issued a $30.00 price target on shares of CPI Card Group in a research note on Wednesday, March 11th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, CPI Card Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.50.

CPI Card Group Trading Up 0.5%

Shares of NASDAQ PMTS opened at $15.60 on Friday. CPI Card Group has a 12 month low of $10.81 and a 12 month high of $25.50. The stock has a 50 day moving average of $15.66 and a 200-day moving average of $14.69. The company has a market capitalization of $179.09 million, a P/E ratio of 15.29 and a beta of 1.10.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. CPI Card Group had a negative return on equity of 92.16% and a net margin of 2.15%.The company had revenue of $147.11 million during the quarter, compared to the consensus estimate of $134.69 million. Analysts predict that CPI Card Group will post 2.03 EPS for the current fiscal year.

Institutional Trading of CPI Card Group

Several institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its stake 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 during the period. Creek Drive Management Group LLC acquired a new position in CPI Card Group in the 4th quarter valued at $440,000. Aristeia Capital L.L.C. acquired a new position in CPI Card Group in the 4th quarter valued at $597,000. Trexquant Investment LP raised its holdings in CPI Card Group by 118.4% in the 4th quarter. Trexquant Investment LP now owns 32,991 shares of the company's stock valued at $484,000 after acquiring an additional 17,886 shares in the last quarter. Finally, Monimus Capital Management LP raised its holdings in CPI Card Group by 131.2% in the 4th quarter. Monimus Capital Management LP now owns 67,257 shares of the company's stock valued at $987,000 after acquiring an additional 38,170 shares in the last quarter. 22.08% of the stock is currently owned by institutional investors.

About CPI Card Group

CPI Card Group, Inc NASDAQ: PMTS is a leading provider of payment, identification and related credential solutions for financial institutions, governments and private enterprises. The company specializes in the design, manufacturing and personalization of secure plastic and metal cards, including EMV chip, magnetic-stripe and contactless cards. CPI Card Group also offers digital credentialing services and cloud-based card management tools that enable real-time controls, mobile wallet integration, fraud monitoring and analytics.

With a focus on security and innovation, CPI Card Group integrates advanced features such as holograms, microprinting, RFID/NFC technology and laser-engraved artwork into its card products.

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