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

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat 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 target among brokers that have updated their coverage on the stock in the last year is $30.25.

Several research analysts have commented on the stock. Weiss Ratings upgraded shares of CPI Card Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Roth Capital restated a “buy” rating and issued a $32.00 price target on shares of CPI Card Group in a research note 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. B. Riley Financial reiterated a “buy” rating on shares of CPI Card Group in a research report on Friday, August 7th. Finally, DA Davidson lifted their price objective 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.

CPI Card Group Stock Down 1.4%

PMTS stock opened at $24.36 on Friday. The stock has a market cap of $283.31 million, a PE ratio of 17.78 and a beta of 1.24. The firm’s 50-day simple moving average is $25.77 and its 200 day simple moving average is $19.75. 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 related news, Director Marc Sheinbaum purchased 4,651 shares of CPI Card Group stock in a transaction dated Monday, September 14th. The stock was bought at an average cost of $21.50 per share, with a total value of $99,996.50. Following the purchase, the director owned 26,500 shares in the company, valued at approximately $569,750. The trade was a 21.29% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman H. Riley acquired 13,953 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was bought at an average price of $21.50 per share, with a total value of $299,989.50. Following the completion of 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 SEC filing for this purchase provides additional information. Insiders bought a total of 31,232 shares of company stock worth $671,488 in the last 90 days. Corporate insiders own 5.80% of the company’s stock.

Institutional Investors Weigh In On CPI Card Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PMTS. USA Financial Formulas bought a new position in CPI Card Group during the 3rd quarter valued at $47,000. Ancora Advisors LLC acquired a new position in shares of CPI Card Group during the 2nd quarter valued at $41,000. Penn Capital Management Company LLC bought a new stake in shares of CPI Card Group in the 3rd quarter worth $233,000. Lazard Asset Management LLC bought a new stake in shares of CPI Card Group in the 1st quarter worth $157,000. Finally, Ritholtz Wealth Management acquired a new stake in shares of CPI Card Group in the third quarter valued at $278,000. Institutional investors own 22.08% of the company’s stock.

CPI Card Group Company Profile

CPI Card Group Inc is a payment technology company that designs, manufactures and distributes payment cards and related services in North America. Its customers include banks, credit unions, fintech companies and other financial institutions that issue credit, debit, prepaid and commercial payment cards.

The company’s products and services include EMV chip cards, contactless and dual-interface cards, prepaid cards, card personalization, fulfillment and packaging. CPI Card Group also provides instant-issuance solutions that allow financial institutions to produce payment cards at branch locations, along with digital and physical card programs designed to support modern payment experiences.

Founded in 1995, CPI Card Group serves customers across the United States and Canada through manufacturing, personalization and service operations.