Wall Street Zen Downgrades CPI Card Group (NASDAQ:PMTS) to Hold

CPI Card Group (NASDAQ:PMTS - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Separately, Lake Street Capital dropped 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $36.75.

CPI Card Group Stock Up 2.4%

PMTS opened at $25.03 on Friday. The firm has a market capitalization of $282.28 million, a P/E ratio of 15.74 and a beta of 1.30. The firm's 50 day moving average is $22.90 and its 200-day moving average is $26.93. CPI Card Group has a 52-week low of $18.46 and a 52-week high of $35.19.

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 analysts' consensus estimates of $0.56 by ($0.16). The firm had revenue of $122.76 million for the quarter, compared to analysts' expectations of $120.90 million. CPI Card Group had a net margin of 3.83% and a negative return on equity of 66.46%. Equities analysts expect that CPI Card Group will post 1.63 earnings per share for the current fiscal year.

Insider Activity

In related news, Chairman H Sanford Riley purchased 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 completion of the purchase, the chairman owned 19,966 shares in the company, valued at approximately $429,468.66. This represents a 302.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.80% of the company's stock.

Institutional Trading of CPI Card Group

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