CPI Card Group (NASDAQ:PMTS) Upgraded to Strong-Buy at StockNews.com

CPI Card Group (NASDAQ:PMTS) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.

Several other equities research analysts have also recently weighed in on PMTS. Roth Capital reiterated a “buy” rating on shares of CPI Card Group in a report on Friday, February 23rd. Roth Mkm began coverage on CPI Card Group in a report on Friday, February 23rd. They issued a “buy” rating and a $40.00 target price for the company. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $35.50.

CPI Card Group Stock Down 0.7 %

PMTS traded down $0.14 during trading hours on Thursday, reaching $21.00. 79,715 shares of the company’s stock traded hands, compared to its average volume of 23,530. The firm has a 50-day moving average price of $17.77 and a 200 day moving average price of $17.81. CPI Card Group has a 52-week low of $12.65 and a 52-week high of $30.65. The firm has a market capitalization of $239.00 million, a PE ratio of 10.40 and a beta of 1.02.

CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. CPI Card Group had a negative return on equity of 39.59% and a net margin of 5.40%. The company had revenue of $102.87 million during the quarter, compared to analysts’ expectations of $104.70 million. During the same quarter in the previous year, the business earned $1.06 EPS. Equities analysts predict that CPI Card Group will post 2.12 EPS for the current fiscal year.

Insider Transactions at CPI Card Group

In other news, major shareholder Equity Ulc Parallel49 sold 244,314 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $18.03, for a total value of $4,404,981.42. Following the completion of the transaction, the insider now directly owns 6,314,511 shares of the company’s stock, valued at approximately $113,850,633.33. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 6.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PMTS. Trivant Custom Portfolio Group LLC acquired a new position in CPI Card Group during the 4th quarter valued at about $31,000. Allspring Global Investments Holdings LLC acquired a new position in CPI Card Group during the 3rd quarter valued at about $84,000. Navellier & Associates Inc. acquired a new position in CPI Card Group during the 4th quarter valued at about $275,000. Denali Advisors LLC increased its position in CPI Card Group by 19.0% during the 1st quarter. Denali Advisors LLC now owns 16,300 shares of the company’s stock valued at $291,000 after buying an additional 2,600 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in CPI Card Group during the 4th quarter valued at about $380,000. 22.08% of the stock is 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.