CPI Card Group Inc. (NASDAQ:PMTS – Get Free Report) Chairman H. Riley purchased 13,953 shares of CPI Card Group stock in a transaction on Monday, September 14th. The stock was acquired at an average cost of $21.50 per share, for a total transaction of $299,989.50. Following the acquisition, the chairman directly owned 277,232 shares of the company’s stock, valued at approximately $5,960,488. This represents a 5.30% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
CPI Card Group Price Performance
PMTS stock opened at $23.76 on Thursday. The company’s 50 day simple moving average is $24.72 and its 200-day simple moving average is $19.59. CPI Card Group Inc. has a 12 month low of $10.81 and a 12 month high of $31.25. The firm has a market capitalization of $275.38 million, a PE ratio of 20.66 and a beta of 0.97.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on PMTS. DA Davidson boosted their price target on CPI Card Group from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded CPI Card Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. B. Riley Financial reissued a “buy” rating on shares of CPI Card Group in a research note on Friday, August 7th. Roth Capital restated a “buy” rating and issued a $32.00 target price on shares of CPI Card Group in a report on Tuesday, August 11th. Finally, Zacks Research cut shares of CPI Card Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, CPI Card Group currently has an average rating of “Moderate Buy” and an average target price of $30.25.
Institutional Investors Weigh In On CPI Card Group
Hedge funds have recently made changes to their positions in the business. Ancora Advisors LLC acquired a new position in CPI Card Group in the second quarter valued at $41,000. Lazard Asset Management LLC acquired a new stake in CPI Card Group in the 1st quarter worth about $157,000. Janney Montgomery Scott LLC grew its holdings in CPI Card Group by 10.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,736 shares of the company’s stock valued at $214,000 after buying an additional 1,346 shares during the period. Potomac Capital Management Inc. purchased a new stake in CPI Card Group in the 4th quarter valued at about $337,000. Finally, Walleye Capital LLC acquired a new position in shares of CPI Card Group during the 1st quarter valued at about $358,000. Institutional investors and hedge funds own 22.08% of the company’s stock.
About CPI Card Group
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. The company’s offerings include credit, debit and prepaid cards, along with card programs designed for consumer, commercial and government payments.
Its products and services include EMV chip cards, contactless and dual-interface cards, metal cards, environmentally focused card products, card personalization and fulfillment.
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