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

CPI Card Group (NASDAQ:PMTSGet Free Report) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.

A number of other equities research analysts have also issued reports on the company. Roth Capital reiterated a “buy” rating on shares of CPI Card Group in a research note on Friday, February 23rd. Roth Mkm assumed coverage on CPI Card Group in a report on Friday, February 23rd. They issued a “buy” rating and a $40.00 price target for the company.

Get Our Latest Report on CPI Card Group

CPI Card Group Stock Performance

PMTS stock opened at $27.04 on Wednesday. CPI Card Group has a 1 year low of $12.65 and a 1 year high of $29.94. The firm has a market cap of $300.68 million, a P/E ratio of 17.22 and a beta of 1.11. The stock has a 50-day simple moving average of $22.80 and a 200-day simple moving average of $19.89.

CPI Card Group (NASDAQ:PMTSGet Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.13. CPI Card Group had a negative return on equity of 33.75% and a net margin of 4.26%. The business had revenue of $111.94 million during the quarter, compared to analyst estimates of $104.00 million. On average, equities research analysts predict that CPI Card Group will post 2.22 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 stock in a transaction dated 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 owns 6,314,511 shares of the company’s stock, valued at $113,850,633.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PMTS. Kerrisdale Advisers LLC lifted its holdings in CPI Card Group by 38.8% during the 3rd quarter. Kerrisdale Advisers LLC now owns 117,650 shares of the company’s stock worth $2,179,000 after buying an additional 32,871 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in CPI Card Group during the 4th quarter worth approximately $380,000. UBS Group AG lifted its holdings in 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 buying an additional 19,135 shares during the last quarter. Navellier & Associates Inc. bought a new position in CPI Card Group during the 4th quarter worth approximately $275,000. Finally, Vanguard Group Inc. lifted 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 worth $6,089,000 after purchasing an additional 10,265 shares during the last quarter. Institutional investors own 22.08% of the company’s stock.

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.

Further Reading

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