CPI Card Group Inc. (NASDAQ:PMTS) Receives $30.25 Consensus Price Target from Analysts

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have been given a consensus rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $30.25.

Several equities analysts have recently commented on the company. Zacks Research downgraded CPI Card Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Wall Street Zen raised CPI Card Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. DA Davidson boosted their price target 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. Roth Capital reaffirmed a “buy” rating and issued a $32.00 price objective on shares of CPI Card Group in a report on Tuesday, August 11th. Finally, B. Riley Financial reiterated a “buy” rating on shares of CPI Card Group in a research report on Friday, August 7th.

CPI Card Group Stock Down 2.2%

CPI Card Group stock opened at $24.39 on Friday. The stock has a market cap of $282.68 million, a P/E ratio of 21.21 and a beta of 0.97. CPI Card Group has a twelve month low of $10.81 and a twelve month high of $31.25. The company’s 50-day moving average price is $25.25 and its two-hundred day moving average price is $19.98.

Insider Buying and Selling at CPI Card Group

In other CPI Card Group news, major shareholder Equity Ulc Parallel49 sold 2,687,921 shares of CPI Card Group stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $20.43, for a total value of $54,914,226.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nicholas Peters acquired 11,628 shares of the business’s stock in a transaction on Monday, September 14th. The stock was acquired at an average cost of $21.50 per share, with a total value of $250,002.00. Following the acquisition, the director directly owned 11,628 shares in the company, valued at approximately $250,002. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 31,232 shares of company stock worth $671,488. Insiders own 5.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PMTS. Bank of New York Mellon Corp acquired a new stake in shares of CPI Card Group in the second quarter valued at approximately $910,000. Creek Drive Management Group LLC acquired a new stake in CPI Card Group during the fourth quarter worth approximately $440,000. Walleye Capital LLC bought a new position in CPI Card Group during the 1st quarter worth $358,000. Potomac Capital Management Inc. bought a new position in CPI Card Group during the 4th quarter worth $337,000. Finally, Janney Montgomery Scott LLC raised its holdings in CPI Card Group by 10.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,736 shares of the company’s stock valued at $214,000 after acquiring an additional 1,346 shares in the last quarter. Institutional investors and hedge funds 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.