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

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

Separately, Lake Street Capital cut 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 report on Thursday, May 8th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $36.75.

CPI Card Group Stock Performance

Shares of NASDAQ PMTS traded down $1.18 during midday trading on Friday, reaching $23.12. 60,076 shares of the company's stock were exchanged, compared to its average volume of 39,377. CPI Card Group has a 52-week low of $18.46 and a 52-week high of $35.19. The business's fifty day moving average price is $22.79 and its two-hundred day moving average price is $26.78. The stock has a market capitalization of $260.79 million, a PE ratio of 14.54 and a beta of 1.30.

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

Insider Transactions at CPI Card Group

In other news, Chairman H Sanford Riley bought 15,000 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was bought at an average price of $21.51 per share, for a total transaction of $322,650.00. Following the transaction, the chairman owned 19,966 shares in the company, valued at $429,468.66. The trade was a 302.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 2.80% of the stock is owned by insiders.

Hedge Funds Weigh In On CPI Card Group

Several large investors have recently added to or reduced their stakes in the company. US Bancorp DE bought a new stake in CPI Card Group during the first quarter valued at $33,000. Russell Investments Group Ltd. grew its position in shares of CPI Card Group by 1,635.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company's stock valued at $49,000 after buying an additional 1,554 shares during the last quarter. 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 valued at $75,000 after buying an additional 776 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in CPI Card Group by 355.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,665 shares of the company's stock worth $80,000 after acquiring an additional 2,080 shares during the period. Finally, Virtus Investment Advisers Inc. bought a new position in CPI Card Group in the fourth quarter worth about $84,000. 22.08% of the stock is currently owned by institutional investors.

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.