CPI Card Group (PMTS) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of CPI Card Group (NASDAQ:PMTS) (TSE:PNT) from a hold rating to a sell rating in a research note released on Thursday morning.

According to Zacks, “CPI Card Group Inc. is engaged in financial card production and related services under the VISA, MasterCard, American Express and Discover payment brands. The company offers a single source for cards and other form factors, from financial and prepaid debit to EMV chip and mobile, instant issuance, personalization and fulfillment services. CPI Card Group Inc. is headquartered in Littleton, Colorado. “

A number of other research firms have also recently weighed in on PMTS. ValuEngine raised shares of CPI Card Group from a sell rating to a hold rating in a research report on Wednesday, December 20th. BMO Capital Markets lowered their price objective on shares of CPI Card Group from $11.00 to $6.50 and set a market perform rating for the company in a research report on Thursday, November 9th. Finally, Robert W. Baird reaffirmed a hold rating and set a $5.00 price objective on shares of CPI Card Group in a research report on Thursday, December 21st. Two analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock has a consensus rating of Hold and an average price target of $5.75.

CPI Card Group (NASDAQ:PMTS) traded down $0.33 during trading hours on Thursday, hitting $3.74. 126,852 shares of the company were exchanged, compared to its average volume of 154,140. The company has a debt-to-equity ratio of -2.87, a current ratio of 2.68 and a quick ratio of 2.09. The stock has a market cap of $45.32, a PE ratio of -3.74, a P/E/G ratio of 5.09 and a beta of 0.24. CPI Card Group has a 1 year low of $2.90 and a 1 year high of $25.50.

CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last posted its quarterly earnings data on Tuesday, November 7th. The credit services provider reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.05). The company had revenue of $68.00 million for the quarter, compared to analysts’ expectations of $74.73 million. CPI Card Group had a negative return on equity of 1.51% and a negative net margin of 4.44%. The business’s revenue for the quarter was down 16.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 EPS. equities analysts predict that CPI Card Group will post -0.4 earnings per share for the current year.

Several large investors have recently bought and sold shares of PMTS. American Century Companies Inc. purchased a new position in shares of CPI Card Group during the 2nd quarter worth approximately $109,000. MUFG Americas Holdings Corp purchased a new position in CPI Card Group in the 3rd quarter valued at approximately $118,000. Teachers Advisors LLC boosted its position in CPI Card Group by 21.3% in the 2nd quarter. Teachers Advisors LLC now owns 43,683 shares of the credit services provider’s stock valued at $124,000 after buying an additional 7,658 shares during the period. QS Investors LLC boosted its position in CPI Card Group by 40.2% in the 2nd quarter. QS Investors LLC now owns 53,178 shares of the credit services provider’s stock valued at $152,000 after buying an additional 15,260 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in CPI Card Group by 181.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 61,110 shares of the credit services provider’s stock valued at $174,000 after buying an additional 39,359 shares during the period. 57.39% of the stock is owned by hedge funds and other institutional investors.

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About CPI Card Group

CPI Card Group Inc, formerly CPI Holdings I, Inc, provides Financial Payment Card solutions in North America. The Company is engaged in the design, production, data personalization, packaging and fulfillment of Financial Payment Cards, which it defines as credit cards, debit cards and prepaid debit cards issued on the networks of the Payment Card Brands in the United States, Europe and Canada.

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