CPI Card Group's (PMTS) "Sell (D+)" Rating Reaffirmed at Weiss Ratings

Key Points

• CPI Card Group (PMTS) received a "Sell (D+)" rating reaffirmed by Weiss Ratings, indicating a negative outlook for the stock.
• Investment analysts have mixed opinions on PMTS, with three analysts recommending a Buy, one a Hold, and one a Sell, amidst fluctuating price targets ranging from $30.00 to $34.00.
• Despite a recent stock price increase to $17.34, CPI Card Group reported disappointing earnings, missing consensus estimates significantly with an EPS of $0.04 compared to expected $0.56.

CPI Card Group (NASDAQ:PMTS - Get Free Report)'s stock had its "sell (d+)" rating reissued by Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

PMTS has been the subject of several other research reports. Lake Street Capital lowered their price objective on shares of CPI Card Group from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Wall Street Zen cut shares of CPI Card Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Zacks Research raised shares of CPI Card Group to a "hold" rating in a report on Monday, August 11th. Finally, DA Davidson reduced their price objective on CPI Card Group from $38.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, CPI Card Group presently has a consensus rating of "Moderate Buy" and an average target price of $34.00.

CPI Card Group Price Performance

Shares of PMTS stock traded up $0.12 during mid-day trading on Friday, hitting $17.34. The company had a trading volume of 32,235 shares, compared to its average volume of 42,851. The company has a market capitalization of $196.64 million, a P/E ratio of 15.48 and a beta of 1.38. CPI Card Group has a 52-week low of $12.52 and a 52-week high of $35.19. The stock's 50 day moving average price is $15.37 and its 200-day moving average price is $19.89.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last posted its earnings results on Friday, August 8th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.52). The firm had revenue of $129.75 million during the quarter, compared to analysts' expectations of $132.96 million. CPI Card Group had a negative return on equity of 58.00% and a net margin of 2.66%. On average, equities research analysts expect that CPI Card Group will post 1.63 earnings per share for the current year.

Insider Activity at CPI Card Group

In other news, Chairman H Sanford Riley purchased 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were bought at an average cost of $15.75 per share, for a total transaction of $157,500.00. Following the acquisition, the chairman owned 31,033 shares of the company's stock, valued at approximately $488,769.75. This trade represents a 47.54% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.80% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PMTS. Nuveen LLC bought a new position in shares of CPI Card Group during the first quarter valued at approximately $1,685,000. US Bancorp DE purchased a new position in CPI Card Group during the 1st quarter valued at $33,000. Cubist Systematic Strategies LLC grew its position in CPI Card Group by 52.1% in the 1st quarter. Cubist Systematic Strategies LLC now owns 14,078 shares of the company's stock valued at $411,000 after acquiring an additional 4,820 shares during the last quarter. Russell Investments Group Ltd. increased its stake in CPI Card Group by 130.4% in the first quarter. Russell Investments Group Ltd. now owns 3,800 shares of the company's stock worth $111,000 after purchasing an additional 2,151 shares during the period. Finally, Crown Advisors Management Inc. bought a new stake in shares of CPI Card Group during the first quarter worth $1,195,000. Hedge funds and other institutional investors own 22.08% of the company's stock.

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.

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