CPI Card Group (NASDAQ:PMTS) Raised to "Buy" at Wall Street Zen

Wall Street Zen upgraded shares of CPI Card Group (NASDAQ:PMTS - Free Report) from a hold rating to a buy rating in a report released on Friday morning.

Separately, Lake Street Capital reduced their price objective on shares of CPI Card Group from $37.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $36.75.

CPI Card Group Stock Performance

Shares of PMTS stock traded up $0.12 on Friday, hitting $20.97. The company's stock had a trading volume of 24,665 shares, compared to its average volume of 40,188. The stock's 50 day moving average is $22.45 and its 200-day moving average is $26.20. CPI Card Group has a fifty-two week low of $18.46 and a fifty-two week high of $35.19. The company has a market capitalization of $236.54 million, a PE ratio of 9.74 and a beta of 1.30.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.16). CPI Card Group had a net margin of 3.83% and a negative return on equity of 66.46%. The business had revenue of $122.76 million during the quarter, compared to analyst estimates of $120.90 million. On average, research analysts forecast that CPI Card Group will post 1.63 earnings per share for the current year.

Insider Transactions at CPI Card Group

In other CPI Card Group news, Chairman H Sanford Riley acquired 15,000 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average price of $21.51 per share, for a total transaction of $322,650.00. Following the acquisition, the chairman directly owned 19,966 shares in the company, valued at $429,468.66. This represents a 302.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PMTS. Barclays PLC grew its position in shares of CPI Card Group by 5.2% during the 4th quarter. Barclays PLC now owns 7,712 shares of the company's stock worth $230,000 after buying an additional 382 shares during the period. Rhumbline Advisers grew its position in shares of CPI Card Group by 7.3% during the 1st quarter. Rhumbline Advisers now owns 6,948 shares of the company's stock worth $203,000 after buying an additional 474 shares during the period. BNP Paribas Financial Markets grew its position in shares of CPI Card Group by 10.7% during the 4th quarter. BNP Paribas Financial Markets now owns 5,844 shares of the company's stock worth $175,000 after buying an additional 563 shares during the period. Bank of New York Mellon Corp grew its position in shares of CPI Card Group by 2.7% during the 1st quarter. Bank of New York Mellon Corp now owns 28,330 shares of the company's stock worth $826,000 after buying an additional 746 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of CPI Card Group by 44.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock worth $75,000 after buying an additional 776 shares during the period. Institutional investors 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.