Insider Buying: CPI Card Group (NASDAQ:PMTS) Director Acquires 11,628 Shares

CPI Card Group Inc. (NASDAQ:PMTSGet Free Report) Director Nicholas Peters purchased 11,628 shares of the company’s stock in a transaction on Monday, September 14th. The shares were purchased at an average price of $21.50 per share, with a total value of $250,002.00. Following the completion of the purchase, the director directly owned 11,628 shares of the company’s stock, valued at $250,002. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

CPI Card Group Price Performance

NASDAQ PMTS traded up $1.76 on Monday, reaching $24.26. The company had a trading volume of 612,736 shares, compared to its average volume of 162,742. The firm has a 50-day moving average of $24.44 and a 200-day moving average of $19.35. CPI Card Group Inc. has a 1 year low of $10.81 and a 1 year high of $31.25. The firm has a market capitalization of $279.72 million, a PE ratio of 21.10 and a beta of 0.97.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PMTS. B. Riley Financial restated a “buy” rating on shares of CPI Card Group in a research note on Friday, August 7th. Weiss Ratings raised CPI Card Group from a “hold (c-)” rating to a “hold (c)” rating 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. DA Davidson boosted their target price on shares of CPI Card Group from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Finally, Roth Capital reiterated a “buy” rating and set a $32.00 price objective on shares of CPI Card Group in a report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CPI Card Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.25.

Read Our Latest Stock Report on CPI Card Group

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System raised its stake in shares of CPI Card Group by 453.8% during the second quarter. California State Teachers Retirement System now owns 2,265 shares of the company’s stock worth $47,000 after buying an additional 1,856 shares during the last quarter. Ancora Advisors LLC bought a new stake in shares of CPI Card Group in the 2nd quarter valued at $41,000. Bank of New York Mellon Corp acquired a new stake in CPI Card Group during the 2nd quarter worth $910,000. Lazard Asset Management LLC acquired a new position in CPI Card Group in the first quarter valued at about $157,000. Finally, Walleye Capital LLC bought a new stake in shares of CPI Card Group in the first quarter worth about $358,000. 22.08% of the stock is owned by institutional investors and hedge funds.

CPI Card Group Company Profile

(Get Free Report)

CPI Card Group, Inc (NASDAQ: PMTS) is a leading provider of payment, identification and related credential solutions for financial institutions, governments and private enterprises. The company specializes in the design, manufacturing and personalization of secure plastic and metal cards, including EMV chip, magnetic-stripe and contactless cards. CPI Card Group also offers digital credentialing services and cloud-based card management tools that enable real-time controls, mobile wallet integration, fraud monitoring and analytics.

With a focus on security and innovation, CPI Card Group integrates advanced features such as holograms, microprinting, RFID/NFC technology and laser-engraved artwork into its card products.

Further Reading

Insider Buying and Selling by Quarter for CPI Card Group (NASDAQ:PMTS)

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