CPI Card Group Inc. (NASDAQ:PMTS) Stock Has Average Target Price of $30.25

Shares of CPI Card Group Inc. (NASDAQ:PMTS – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $30.25.

A number of equities research analysts recently weighed in on PMTS shares. Roth Capital restated a “buy” rating and issued a $32.00 price target on shares of CPI Card Group in a report on Tuesday, August 11th. Wall Street Zen raised CPI Card Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Zacks Research downgraded CPI Card Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. B. Riley Financial reissued a “buy” rating on shares of CPI Card Group in a report on Friday, August 7th. Finally, DA Davidson lifted their target price on shares of CPI Card Group from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th.

Read Our Latest Analysis on PMTS

CPI Card Group Stock Up 0.8%

Shares of PMTS opened at $25.71 on Wednesday. The company has a 50-day simple moving average of $26.53 and a 200-day simple moving average of $20.99. The company has a market capitalization of $297.98 million, a PE ratio of 22.36 and a beta of 1.13. CPI Card Group has a 52-week low of $10.81 and a 52-week high of $31.25.

Insider Buying and Selling at CPI Card Group

In related news, Director Nicholas Peters purchased 11,628 shares of the company’s stock in a transaction on Monday, September 14th. The stock was bought at an average price of $21.50 per share, with a total value of $250,002.00. Following the completion of the transaction, the director owned 11,628 shares of the company’s stock, valued at approximately $250,002. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman H. Riley purchased 13,953 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was bought at an average cost of $21.50 per share, with a total value of $299,989.50. Following the completion of the acquisition, the chairman owned 277,232 shares of the company’s stock, valued at approximately $5,960,488. The trade was a 5.30% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 31,232 shares of company stock valued at $671,488. Company insiders own 5.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PMTS. Bank of New York Mellon Corp acquired a new position in shares of CPI Card Group in the second quarter valued at approximately $910,000. Creek Drive Management Group LLC acquired a new stake in CPI Card Group during the fourth quarter worth approximately $440,000. Ancora Advisors LLC acquired a new stake in CPI Card Group during the second quarter worth approximately $41,000. Lazard Asset Management LLC purchased a new stake in CPI Card Group in the 1st quarter worth approximately $157,000. Finally, Walleye Capital LLC purchased a new stake in CPI Card Group in the 1st quarter worth approximately $358,000. 22.08% of the stock is currently owned by hedge funds and other institutional investors.

CPI Card Group Company Profile

(Get Free Report)

CPI Card Group Inc is a payment technology company that produces and supports payment cards for financial institutions, fintech companies, government agencies and other organizations. Its offerings include credit, debit, prepaid and other payment cards, along with related card-issuance and fulfillment services.

The company provides card personalization, packaging, fulfillment and distribution, as well as digital and physical card solutions designed to support payment programs. CPI Card Group also offers services intended to help customers manage card production, security and issuance across a range of payment products.

Headquartered in Littleton, Colorado, CPI Card Group primarily serves customers in the United States and Canada.

See Also

Analyst Recommendations for CPI Card Group (NASDAQ:PMTS)

Receive News & Ratings for CPI Card Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CPI Card Group and related companies with MarketBeat.com's FREE daily email newsletter.