CPI Card Group Inc. (NASDAQ:PMTS) Given Average Recommendation of “Moderate Buy” by Analysts

CPI Card Group Inc. (NASDAQ:PMTS) has been given an average rating of “Moderate Buy” by the six research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $30.25.

Several research firms have weighed in on PMTS. Wall Street Zen upgraded CPI Card Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Zacks Research cut CPI Card Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. B. Riley Financial reaffirmed a “buy” rating on shares of CPI Card Group in a report on Friday, August 7th. Roth Capital reiterated a “buy” rating and issued a $32.00 target price on shares of CPI Card Group in a research report on Tuesday, August 11th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $27.00 price target on shares of CPI Card Group in a report on Wednesday, May 6th.

Institutional Trading of CPI Card Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP raised its stake in shares of CPI Card Group by 56.3% during the 2nd quarter. Wasatch Advisors LP now owns 357,754 shares of the company’s stock valued at $8,486,000 after buying an additional 128,808 shares during the last quarter. Vector Capital Management L.P. grew its holdings in CPI Card Group by 18.6% during the third quarter. Vector Capital Management L.P. now owns 459,314 shares of the company’s stock worth $6,954,000 after acquiring an additional 71,891 shares during the period. Pacific Ridge Capital Partners LLC grew its holdings in CPI Card Group by 13.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 442,464 shares of the company’s stock worth $6,495,000 after acquiring an additional 51,139 shares during the period. Bank of New York Mellon Corp purchased a new position in CPI Card Group during the second quarter valued at approximately $910,000. Finally, Aristeia Capital L.L.C. purchased a new position in CPI Card Group during the fourth quarter valued at approximately $597,000. Institutional investors and hedge funds own 22.08% of the company’s stock.

CPI Card Group Price Performance

Shares of PMTS opened at $28.49 on Tuesday. The company’s fifty day moving average price is $22.00 and its 200-day moving average price is $17.77. CPI Card Group has a 1-year low of $10.81 and a 1-year high of $31.25. The firm has a market capitalization of $328.52 million, a PE ratio of 24.77 and a beta of 1.05.

About CPI Card Group

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.