Lake Street Capital Cuts CPI Card Group (NASDAQ:PMTS) Price Target to $35.00

CPI Card Group (NASDAQ:PMTS) had its price target reduced by Lake Street Capital from $37.00 to $35.00 in a research note released on Thursday,Benzinga reports. Lake Street Capital currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on the company. DA Davidson upped their price target on CPI Card Group from $36.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. B. Riley boosted their target price on CPI Card Group from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $40.00 target price on shares of CPI Card Group in a report on Wednesday, March 5th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CPI Card Group presently has an average rating of “Buy” and an average price target of $36.75.

CPI Card Group Stock Down 3.5 %

Shares of PMTS stock opened at $21.28 on Thursday. The stock has a 50-day simple moving average of $26.60 and a 200 day simple moving average of $28.65. The stock has a market capitalization of $240.06 million, a P/E ratio of 16.24 and a beta of 1.77. CPI Card Group has a fifty-two week low of $18.46 and a fifty-two week high of $35.19.

CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.16). CPI Card Group had a net margin of 3.38% and a negative return on equity of 46.90%. The business had revenue of $122.76 million for the quarter, compared to the consensus estimate of $120.90 million. On average, sell-side analysts anticipate that CPI Card Group will post 1.63 earnings per share for the current year.

Institutional Trading of CPI Card Group

A number of hedge funds have recently modified their holdings of the business. US Bancorp DE acquired a new position in CPI Card Group during the first quarter valued at $33,000. Linden Thomas Advisory Services LLC increased its holdings in shares of CPI Card Group by 12.0% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 40,186 shares of the company’s stock valued at $1,172,000 after purchasing an additional 4,316 shares during the period. Bank of New York Mellon Corp lifted its position in shares of CPI Card Group by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 28,330 shares of the company’s stock worth $826,000 after purchasing an additional 746 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of CPI Card Group by 76.1% during the first quarter. Ritholtz Wealth Management now owns 33,170 shares of the company’s stock worth $968,000 after purchasing an additional 14,330 shares during the period. Finally, Rhumbline Advisers grew its position in CPI Card Group by 7.3% during the first quarter. Rhumbline Advisers now owns 6,948 shares of the company’s stock valued at $203,000 after purchasing an additional 474 shares in the last quarter. 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.