Short Interest in CPI Card Group Inc. (NASDAQ:PMTS) Rises By 21.1%

CPI Card Group Inc. (NASDAQ:PMTS) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 86,700 shares, a growth of 21.1% from the January 31st total of 71,600 shares. Based on an average daily volume of 34,800 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.5% of the company’s shares are short sold.

CPI Card Group Stock Down 3.0 %

NASDAQ PMTS traded down $0.88 during trading on Thursday, hitting $28.16. The stock had a trading volume of 22,656 shares, compared to its average volume of 28,987. The company has a market capitalization of $314.18 million, a PE ratio of 21.49 and a beta of 1.43. The firm has a 50 day moving average price of $30.20 and a 200 day moving average price of $28.44. CPI Card Group has a twelve month low of $15.00 and a twelve month high of $35.19.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Virtus Investment Advisers Inc. purchased a new position in CPI Card Group in the 4th quarter valued at approximately $84,000. Squarepoint Ops LLC raised its stake in shares of CPI Card Group by 113.7% in the fourth quarter. Squarepoint Ops LLC now owns 15,760 shares of the company’s stock valued at $471,000 after acquiring an additional 8,386 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in CPI Card Group by 87.2% in the fourth quarter. Two Sigma Advisers LP now owns 32,200 shares of the company’s stock valued at $962,000 after purchasing an additional 15,000 shares during the period. Two Sigma Investments LP grew its stake in CPI Card Group by 121.6% during the 4th quarter. Two Sigma Investments LP now owns 37,680 shares of the company’s stock worth $1,126,000 after purchasing an additional 20,677 shares in the last quarter. Finally, Man Group plc purchased a new stake in CPI Card Group during the 4th quarter worth about $364,000. Institutional investors and hedge funds own 22.08% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on PMTS shares. Roth Mkm reaffirmed a “buy” rating and issued a $40.00 price target on shares of CPI Card Group in a research note on Wednesday. DA Davidson increased their target price on shares of CPI Card Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday. B. Riley lifted their price target on shares of CPI Card Group from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Lake Street Capital upped their price objective on shares of CPI Card Group from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, CPI Card Group currently has a consensus rating of “Buy” and a consensus target price of $37.25.

CPI Card Group Company Profile

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing financial institutions.