CPI Card Group Inc. (NASDAQ:PMTS) Receives Average Rating of “Moderate Buy” from Analysts

CPI Card Group Inc. (NASDAQ:PMTS) has received a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $30.25.

A number of equities research analysts have recently weighed in on PMTS shares. Roth Capital restated a “buy” rating and set a $32.00 target price on shares of CPI Card Group in a research report on Tuesday, August 11th. Weiss Ratings upgraded shares of CPI Card Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Zacks Research lowered shares of CPI Card Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. B. Riley Financial reiterated a “buy” rating on shares of CPI Card Group in a research report on Friday, August 7th. Finally, Wall Street Zen raised CPI Card Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th.

Insider Buying and Selling

In other news, Director Marc Sheinbaum purchased 4,651 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were acquired at an average cost of $21.50 per share, for a total transaction of $99,996.50. Following the transaction, the director directly owned 26,500 shares of the company’s stock, valued at approximately $569,750. The trade was a 21.29% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Chairman H. Riley acquired 13,953 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were acquired at an average cost of $21.50 per share, for a total transaction of $299,989.50. Following the purchase, the chairman directly owned 277,232 shares in the company, valued at $5,960,488. This trade represents a 5.30% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 31,232 shares of company stock valued at $671,488. Insiders own 5.80% of the company’s stock.

Institutional Investors Weigh In On CPI Card Group

Institutional investors have recently bought and sold shares of the company. Ancora Advisors LLC bought a new position in shares of CPI Card Group during the 2nd quarter worth approximately $41,000. Lazard Asset Management LLC bought a new stake in CPI Card Group during the 1st quarter worth about $157,000. Janney Montgomery Scott LLC boosted its stake in shares of CPI Card Group by 10.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 14,736 shares of the company’s stock worth $214,000 after buying an additional 1,346 shares during the last quarter. Potomac Capital Management Inc. acquired a new position in shares of CPI Card Group during the 4th quarter worth about $337,000. Finally, Walleye Capital LLC bought a new position in shares of CPI Card Group in the 1st quarter valued at about $358,000. Institutional investors own 22.08% of the company’s stock.

CPI Card Group Price Performance

PMTS opened at $24.14 on Friday. CPI Card Group has a one year low of $10.81 and a one year high of $31.25. The company’s 50 day simple moving average is $24.91 and its 200-day simple moving average is $19.71. The stock has a market capitalization of $279.78 million, a P/E ratio of 20.99 and a beta of 0.97.

About CPI Card Group

CPI Card Group Inc is a payment technology company that produces and supports payment cards for financial institutions, fintech companies, government agencies and other organizations. The company’s offerings include credit, debit and prepaid cards, along with card programs designed for consumer, commercial and government payments.

Its products and services include EMV chip cards, contactless and dual-interface cards, metal cards, environmentally focused card products, card personalization and fulfillment.