CPI Card Group (NASDAQ:PMTS) Cut to Buy at StockNews.com

StockNews.com cut shares of CPI Card Group (NASDAQ:PMTS) from a strong-buy rating to a buy rating in a research report report published on Tuesday morning.

PMTS has been the topic of several other reports. Roth Capital reiterated a buy rating on shares of CPI Card Group in a report on Friday, February 23rd. Roth Mkm initiated coverage on CPI Card Group in a report on Friday, February 23rd. They issued a buy rating and a $40.00 price objective on the stock.

CPI Card Group Stock Down 1.7 %

NASDAQ:PMTS opened at $25.70 on Tuesday. CPI Card Group has a 52 week low of $12.65 and a 52 week high of $29.94. The stock has a market capitalization of $285.78 million, a PE ratio of 16.37 and a beta of 1.02. The stock’s 50-day moving average price is $19.20 and its 200-day moving average price is $18.38.

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, topping the consensus estimate of $0.30 by $0.02. CPI Card Group had a negative return on equity of 33.75% and a net margin of 4.26%. The company had revenue of $102.87 million for the quarter, compared to analysts’ expectations of $104.70 million. During the same period in the previous year, the firm posted $1.06 EPS. Sell-side analysts expect that CPI Card Group will post 2.22 earnings per share 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 that occurred on Friday, April 5th. The stock was sold at an average price of $18.03, for a total transaction of $4,404,981.42. Following the transaction, the insider now directly owns 6,314,511 shares in the company, valued at approximately $113,850,633.33. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 6.10% of the company’s stock.

Institutional Trading of CPI Card Group

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of CPI Card Group by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 340,945 shares of the company’s stock valued at $6,089,000 after buying an additional 10,265 shares during the period. UBS Group AG raised its position in shares of CPI Card Group by 12.6% during the 3rd quarter. UBS Group AG now owns 171,225 shares of the company’s stock valued at $3,171,000 after buying an additional 19,135 shares during the period. Kerrisdale Advisers LLC raised its position in shares of CPI Card Group by 38.8% during the 3rd quarter. Kerrisdale Advisers LLC now owns 117,650 shares of the company’s stock valued at $2,179,000 after buying an additional 32,871 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of CPI Card Group by 49.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,286 shares of the company’s stock valued at $431,000 after buying an additional 7,712 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of CPI Card Group during the 4th quarter valued at approximately $380,000. Hedge funds and other institutional investors own 22.08% of the company’s stock.

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.