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

CPI Card Group (NASDAQ:PMTSGet Free Report) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

PMTS has been the topic of a number of other reports. Roth Capital reaffirmed 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 research report on Friday, February 23rd. They issued a “buy” rating and a $40.00 price objective for the company.

Check Out Our Latest Analysis on PMTS

CPI Card Group Stock Performance

Shares of NASDAQ PMTS opened at $27.13 on Tuesday. The stock has a 50 day moving average price of $21.61 and a 200 day moving average price of $19.43. The stock has a market capitalization of $301.74 million, a PE ratio of 17.28 and a beta of 1.11. CPI Card Group has a 52 week low of $12.65 and a 52 week high of $29.94.

CPI Card Group (NASDAQ:PMTSGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.33 by $0.13. The company had revenue of $111.94 million during the quarter, compared to the consensus estimate of $104.00 million. CPI Card Group had a negative return on equity of 33.75% and a net margin of 4.26%. As a group, research analysts forecast that CPI Card Group will post 2.22 EPS for the current year.

Insider Transactions at CPI Card Group

In other CPI Card Group news, major shareholder Equity Ulc Parallel49 sold 244,314 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $18.03, for a total value of $4,404,981.42. Following 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 legal filing with the SEC, which can be accessed through this hyperlink. 6.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kerrisdale Advisers LLC boosted its stake in shares of CPI Card Group by 38.8% in the third 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. Exchange Traded Concepts LLC bought a new stake in shares of CPI Card Group during the 4th quarter valued at $380,000. UBS Group AG grew its holdings 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 worth $3,171,000 after purchasing an additional 19,135 shares in the last quarter. Navellier & Associates Inc. acquired a new stake in shares of CPI Card Group during the 4th quarter worth $275,000. Finally, Vanguard Group Inc. increased its position in shares of CPI Card Group by 3.1% in the first quarter. Vanguard Group Inc. now owns 340,945 shares of the company’s stock worth $6,089,000 after purchasing an additional 10,265 shares during the period. 22.08% of the stock is owned by institutional investors and hedge funds.

About CPI Card Group

(Get Free Report)

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.

Further Reading

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