CPI Card Group Inc. (NASDAQ:PMTS) Receives $34.00 Consensus Price Target from Brokerages

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have been given an average rating of “Moderate Buy” by the five research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $34.00.

Several research analysts recently issued reports on the company. Wall Street Zen lowered CPI Card Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. DA Davidson reduced their target price on CPI Card Group from $38.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. Lake Street Capital reduced their target price on CPI Card Group from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, August 11th. Finally, Zacks Research raised CPI Card Group to a “hold” rating in a report on Monday, August 11th.

CPI Card Group Price Performance

Shares of NASDAQ:PMTS opened at $15.19 on Tuesday. The business’s 50-day moving average is $18.11 and its 200 day moving average is $22.77. CPI Card Group has a 1 year low of $12.52 and a 1 year high of $35.19. The firm has a market capitalization of $172.25 million, a P/E ratio of 13.56 and a beta of 1.46.

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

Insider Buying and Selling at CPI Card Group

In other news, Chairman H Sanford Riley acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were acquired at an average cost of $15.75 per share, with a total value of $157,500.00. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PMTS. Wells Fargo & Company MN increased its holdings in shares of CPI Card Group by 44.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock valued at $75,000 after purchasing an additional 776 shares during the period. Barclays PLC increased its holdings in shares of CPI Card Group by 5.2% in the fourth quarter. Barclays PLC now owns 7,712 shares of the company’s stock valued at $230,000 after purchasing an additional 382 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of CPI Card Group by 31.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 45,688 shares of the company’s stock valued at $1,366,000 after purchasing an additional 10,870 shares during the period. Northern Trust Corp increased its holdings in shares of CPI Card Group by 16.3% in the fourth quarter. Northern Trust Corp now owns 49,081 shares of the company’s stock valued at $1,467,000 after purchasing an additional 6,886 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in shares of CPI Card Group by 10.7% in 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. 22.08% of the stock is owned by institutional investors and hedge funds.

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.