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

StockNews.com upgraded shares of CPI Card Group (NASDAQ:PMTSFree Report) from a buy rating to a strong-buy rating in a research report released on Thursday.

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

Read Our Latest Analysis on PMTS

CPI Card Group Stock Up 4.0 %

PMTS stock traded up $0.84 during trading on Thursday, hitting $21.84. The company had a trading volume of 54,179 shares, compared to its average volume of 21,691. The firm has a 50-day moving average price of $17.81 and a 200-day moving average price of $17.83. The stock has a market cap of $248.54 million, a price-to-earnings ratio of 10.81 and a beta of 1.02. CPI Card Group has a 12 month low of $12.65 and a 12 month high of $29.94.

CPI Card Group (NASDAQ:PMTSGet Free Report) last issued its earnings results on Thursday, March 7th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. The company had revenue of $102.87 million during the quarter, compared to analysts’ expectations of $104.70 million. CPI Card Group had a net margin of 5.40% and a negative return on equity of 39.59%. During the same quarter in the previous year, the company posted $1.06 EPS. Equities analysts expect that CPI Card Group will post 2.12 EPS for the current year.

Insider Activity at CPI Card Group

In related news, major shareholder Equity Ulc Parallel49 sold 244,314 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now owns 6,314,511 shares in the company, valued at approximately $113,850,633.33. The transaction was disclosed in a filing with the SEC, which is available through this link. 6.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CPI Card Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Trivant Custom Portfolio Group LLC acquired a new position in shares of CPI Card Group during the 4th quarter worth about $31,000. Denali Advisors LLC raised its holdings in shares of CPI Card Group by 19.0% in the 1st quarter. Denali Advisors LLC now owns 16,300 shares of the company’s stock valued at $291,000 after purchasing an additional 2,600 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of CPI Card Group in the 3rd quarter valued at about $84,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of CPI Card Group by 49.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,286 shares of the company’s stock valued at $431,000 after purchasing an additional 7,712 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of CPI Card Group by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 340,945 shares of the company’s stock valued at $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.

CPI Card Group Company Profile

(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.

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