CPI Card Group (PMTS) Receives a Buy from Lake Street

Lake Street analyst Jacob Stephan reiterated a Buy rating on CPI Card Group today and set a price target of $25.00.

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Stephan covers the Technology sector, focusing on stocks such as Priority Technology Holdings, Research Solutions, and Dave. According to TipRanks, Stephan has an average return of 26.4% and a 57.39% success rate on recommended stocks.

In addition to Lake Street, CPI Card Group also received a Buy from B. Riley Securities’s Hal Goetsch in a report issued on November 10. However, on November 5, TR | OpenAI – 4o reiterated a Hold rating on CPI Card Group (NASDAQ: PMTS).

Based on CPI Card Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $137.97 million and a net profit of $2.31 million. In comparison, last year the company earned a revenue of $124.75 million and had a net profit of $1.29 million

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PMTS in relation to earlier this year. Earlier this month, Sanford Riley, a Director at PMTS bought 10,000.00 shares for a total of $141,900.00.