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

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $31.00.

A number of research analysts have issued reports on the company. DA Davidson lifted their price objective 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. Wall Street Zen cut CPI Card Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of CPI Card Group in a research report on Wednesday, November 4th. B. Riley Financial reissued a “buy” rating on shares of CPI Card Group in a report on Friday, August 7th. Finally, Roth Capital reaffirmed a “buy” rating and set a $32.00 target price on shares of CPI Card Group in a research report on Tuesday, August 11th.

CPI Card Group Trading Down 0.9%

CPI Card Group stock traded down $0.23 during mid-day trading on Friday, reaching $24.93. The company had a trading volume of 121,295 shares, compared to its average volume of 163,552. The company has a market cap of $289.94 million, a P/E ratio of 18.20 and a beta of 1.24. The business has a fifty day simple moving average of $25.36 and a 200 day simple moving average of $20.02. CPI Card Group has a fifty-two week low of $10.81 and a fifty-two week high of $31.25.

Insider Activity at CPI Card Group

In other CPI Card Group news, major shareholder Equity Ulc Parallel49 sold 2,687,921 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $20.43, for a total transaction of $54,914,226.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Nicholas Peters bought 11,628 shares of the stock in a transaction on Monday, September 14th. The shares were bought at an average price of $21.50 per share, for a total transaction of $250,002.00. Following the purchase, the director directly owned 11,628 shares in the company, valued at approximately $250,002. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 31,232 shares of company stock valued at $671,488 over the last quarter. 5.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Inspire Investing LLC bought a new position in CPI Card Group in the 3rd quarter worth approximately $2,521,000. Creek Drive Management Group LLC bought a new position in CPI Card Group in the 3rd quarter worth $1,226,000. Marshall Wace LLP bought a new stake in shares of CPI Card Group in the third quarter valued at about $1,201,000. Gratia Capital LLC bought a new position in shares of CPI Card Group during the 3rd quarter worth approximately $980,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of CPI Card Group during the second quarter worth approximately $910,000. Hedge funds and other institutional investors own 22.08% of the company’s stock.

CPI Card Group Company Profile

CPI Card Group is a payments technology company that designs and produces payment cards and related services. Its offerings include debit, credit and prepaid cards, including EMV chip, contactless, metal and sustainably designed card options. The company also provides card personalization, fulfillment and instant-issuance services, as well as digital payment solutions. Its customers include banks, credit unions, fintech companies and prepaid card program managers. Headquartered in Littleton, Colorado, CPI Card Group primarily serves customers in the United States and Canada.