CPI Card Group (NASDAQ:PMTS) Earns “Buy” Rating from DA Davidson

CPI Card Group (NASDAQ:PMTS)‘s stock had its “buy” rating reiterated by investment analysts at DA Davidson in a note issued to investors on Tuesday,Benzinga reports. They presently have a $36.00 target price on the stock. DA Davidson’s price target suggests a potential upside of 16.28% from the stock’s current price.

Separately, Lake Street Capital raised their price target on shares of CPI Card Group from $33.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, December 4th.

CPI Card Group Trading Down 0.1 %

Shares of CPI Card Group stock traded down $0.04 on Tuesday, reaching $30.96. The stock had a trading volume of 5,318 shares, compared to its average volume of 26,969. The business’s 50 day moving average is $30.36 and its two-hundred day moving average is $28.20. CPI Card Group has a 1 year low of $15.00 and a 1 year high of $35.19. The company has a market cap of $345.48 million, a P/E ratio of 23.63 and a beta of 1.43.

Insiders Place Their Bets

In related news, Director H Sanford Riley bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was bought at an average cost of $32.51 per share, for a total transaction of $65,020.00. Following the completion of the transaction, the director now owns 9,500 shares of the company’s stock, valued at approximately $308,845. The trade was a 26.67 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of CPI Card Group

Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its holdings in CPI Card Group by 5.2% during the 4th quarter. Barclays PLC now owns 7,712 shares of the company’s stock valued at $230,000 after acquiring an additional 382 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of CPI Card Group by 10.7% during the fourth quarter. BNP Paribas Financial Markets now owns 5,844 shares of the company’s stock valued at $175,000 after purchasing an additional 563 shares during the period. Wells Fargo & Company MN boosted its stake in shares of CPI Card Group by 44.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock valued at $75,000 after purchasing an additional 776 shares during the period. IFP Advisors Inc grew its holdings in shares of CPI Card Group by 96.6% in the fourth quarter. IFP Advisors Inc now owns 3,048 shares of the company’s stock worth $91,000 after purchasing an additional 1,498 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of CPI Card Group by 1,635.8% in the fourth quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company’s stock worth $49,000 after buying an additional 1,554 shares during the period. 22.08% of the stock is currently owned by hedge funds and other institutional investors.

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.