Lake Street Capital Lowers CPI Card Group (NASDAQ:PMTS) Price Target to $30.00

Key Points

• Lake Street Capital has reduced its price target for CPI Card Group from $35.00 to $30.00, while maintaining a "buy" rating, indicating a potential upside of 112.39% from the stock's previous close.
• CPI Card Group's stock has experienced a 12-month trading range with a low of $12.52 and a high of $35.19, currently trading at $14.13.
• Recent earnings reports indicated that CPI Card Group missed analyst estimates for earnings per share and revenue, reporting $0.04 EPS against a consensus of $0.56.

CPI Card Group (NASDAQ:PMTS - Free Report) had its price target decreased by Lake Street Capital from $35.00 to $30.00 in a research note released on Monday,Benzinga reports. Lake Street Capital currently has a buy rating on the stock.

Separately, Wall Street Zen upgraded CPI Card Group from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $34.00.

CPI Card Group Stock Performance

CPI Card Group stock traded down $0.11 during midday trading on Monday, reaching $15.61. The stock had a trading volume of 82,098 shares, compared to its average volume of 78,805. The firm's fifty day simple moving average is $21.16 and its 200-day simple moving average is $24.64. CPI Card Group has a 1-year low of $12.52 and a 1-year high of $35.19. The stock has a market capitalization of $177.02 million, a P/E ratio of 13.94 and a beta of 1.31.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last announced 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 firm had revenue of $129.75 million during 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%. On average, sell-side analysts anticipate that CPI Card Group will post 1.63 earnings per share for the current fiscal year.

Insider Transactions at CPI Card Group

In related news, Chairman H Sanford Riley acquired 10,000 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was purchased at an average cost of $15.75 per share, with a total value of $157,500.00. Following the acquisition, the chairman directly owned 31,033 shares of the company's stock, valued at approximately $488,769.75. The trade was a 47.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On CPI Card Group

A number of institutional investors have recently modified their holdings of PMTS. Rhumbline Advisers grew its position in shares of CPI Card Group by 7.3% in the 1st quarter. Rhumbline Advisers now owns 6,948 shares of the company's stock valued at $203,000 after buying an additional 474 shares during the last quarter. Citadel Advisors LLC increased its position in shares of CPI Card Group by 317.4% during the fourth quarter. Citadel Advisors LLC now owns 34,540 shares of the company's stock valued at $1,032,000 after acquiring an additional 26,264 shares during the last quarter. Deutsche Bank AG grew its holdings in CPI Card Group by 4,014.4% during the fourth quarter. Deutsche Bank AG now owns 4,279 shares of the company's stock valued at $128,000 after purchasing an additional 4,175 shares during the period. Bank of America Corp DE grew its holdings in CPI Card Group by 154.1% during the fourth quarter. Bank of America Corp DE now owns 8,378 shares of the company's stock valued at $250,000 after purchasing an additional 5,081 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in CPI Card Group by 10.7% during the fourth quarter. BNP Paribas Financial Markets now owns 5,844 shares of the company's stock valued at $175,000 after purchasing an additional 563 shares during the period. Institutional investors and hedge funds 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.