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

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $30.25.

A number of equities analysts recently commented on PMTS shares. Wall Street Zen raised shares of CPI Card Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Zacks Research lowered shares of CPI Card Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings raised shares of CPI Card Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Roth Capital restated a “buy” rating and set a $32.00 target price on shares of CPI Card Group in a research report on Tuesday, August 11th. Finally, DA Davidson upped their target price on CPI Card Group from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th.

CPI Card Group Stock Up 1.9%

PMTS stock opened at $24.75 on Friday. CPI Card Group has a twelve month low of $10.81 and a twelve month high of $31.25. The stock has a market capitalization of $286.85 million, a price-to-earnings ratio of 21.52 and a beta of 0.97. The firm’s fifty day simple moving average is $25.47 and its two-hundred day simple moving average is $20.07.

Insiders Place Their Bets

In other CPI Card Group news, Director Marc Sheinbaum bought 4,651 shares of CPI Card Group stock in a transaction on Monday, September 14th. The shares were acquired at an average price of $21.50 per share, for a total transaction of $99,996.50. Following the completion of the purchase, the director directly owned 26,500 shares in the company, valued at approximately $569,750. This trade represents a 21.29% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Nicholas Peters bought 11,628 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were acquired 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. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have acquired 31,232 shares of company stock worth $671,488. 5.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CPI Card Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ancora Advisors LLC purchased a new stake in CPI Card Group in the 2nd quarter valued at about $41,000. Lazard Asset Management LLC purchased a new position in shares of CPI Card Group during the first quarter worth approximately $157,000. Janney Montgomery Scott LLC increased its position in shares of CPI Card Group by 10.1% during the first quarter. Janney Montgomery Scott LLC now owns 14,736 shares of the company’s stock worth $214,000 after acquiring an additional 1,346 shares during the period. Potomac Capital Management Inc. bought a new stake in shares of CPI Card Group during the fourth quarter valued at approximately $337,000. Finally, Walleye Capital LLC bought a new stake in shares of CPI Card Group during the first quarter valued at approximately $358,000. Institutional investors 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.