CPI Card Group (NASDAQ:PMTS) Upgraded 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 published on Friday.

Separately, Lake Street Capital decreased their price target 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.com, the stock has an average rating of "Buy" and a consensus target price of $36.75.

CPI Card Group Trading Down 2.8%

PMTS traded down $0.61 during midday trading on Friday, hitting $20.96. 20,816 shares of the company were exchanged, compared to its average volume of 39,994. The company's 50 day simple moving average is $22.45 and its 200 day simple moving average is $26.20. The firm has a market capitalization of $236.37 million, a price-to-earnings ratio of 13.18 and a beta of 1.30. CPI Card Group has a 1-year low of $18.46 and a 1-year high of $35.19.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.40 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $120.90 million. On average, equities analysts anticipate that CPI Card Group will post 1.63 EPS for the current year.

Insiders Place Their Bets

In other CPI Card Group news, Chairman H Sanford Riley bought 15,000 shares of the firm's stock in a transaction on Friday, May 9th. The shares were acquired at an average cost of $21.51 per share, with a total value of $322,650.00. Following the purchase, the chairman directly owned 19,966 shares of the company's stock, valued at $429,468.66. This trade represents a 302.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 2.80% of the stock is owned by company insiders.

Institutional Trading of CPI Card Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in CPI Card Group by 10.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,412 shares of the company's stock valued at $700,000 after purchasing an additional 2,178 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in CPI Card Group in the 4th quarter valued at approximately $3,240,000. JPMorgan Chase & Co. increased its holdings in CPI Card Group by 703.0% in the 4th quarter. JPMorgan Chase & Co. now owns 18,188 shares of the company's stock valued at $544,000 after purchasing an additional 15,923 shares during the last quarter. Pacific Ridge Capital Partners LLC acquired a new stake in CPI Card Group in the 4th quarter valued at approximately $4,401,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in CPI Card Group by 92.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 68,220 shares of the company's stock valued at $2,039,000 after purchasing an additional 32,784 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.