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

Key Points

• Analysts are moderately bullish on CPI Card Group: Four of six covering firms rate the stock a buy, while two recommend holding it; the average 12-month price target is $30.25.
• DA Davidson raised its price target to $34, while Roth Capital maintained a $32 target; both reiterated buy ratings.
• Company insiders bought shares: Insiders acquired 31,232 shares worth about $671,000 over the past 90 days, including purchases by a director and the chairman.

Shares of CPI Card Group Inc. (NASDAQ:PMTS - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $30.25.

A number of brokerages recently weighed in on PMTS. B. Riley Financial reiterated a "buy" rating on shares of CPI Card Group in a research note on Friday, August 7th. DA Davidson increased their price objective on CPI Card Group from $30.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, August 11th. Roth Capital reaffirmed a "buy" rating and set a $32.00 price target on shares of CPI Card Group in a report on Tuesday, August 11th. Wall Street Zen upgraded shares of CPI Card Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 25th. Finally, Weiss Ratings raised shares of CPI Card Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th.

Insider Activity

In other news, Director Nicholas Peters bought 11,628 shares of the stock in a transaction dated Monday, September 14th. The shares were acquired at an average price of $21.50 per share, with a total value of $250,002.00. Following the completion of the acquisition, the director directly owned 11,628 shares in the company, valued at approximately $250,002. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman H. Riley purchased 13,953 shares of the company's stock in a transaction dated Monday, September 14th. The shares were purchased at an average price of $21.50 per share, for a total transaction of $299,989.50. Following the completion of the purchase, the chairman owned 277,232 shares of the company's stock, valued at approximately $5,960,488. This trade represents a 5.30% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 31,232 shares of company stock worth $671,488 in the last ninety days. 5.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CPI Card Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ritholtz Wealth Management acquired a new stake in shares of CPI Card Group during the third quarter worth $278,000. Penn Capital Management Company LLC acquired a new stake in shares of CPI Card Group during the 3rd quarter worth approximately $233,000. Kornitzer Capital Management Inc. KS raised its position in shares of CPI Card Group by 7.6% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 35,404 shares of the company's stock worth $868,000 after purchasing an additional 2,513 shares during the period. Inspire Investing LLC acquired a new stake in shares of CPI Card Group during the 3rd quarter worth approximately $2,521,000. Finally, USA Financial Formulas bought a new stake in shares of CPI Card Group in the 3rd quarter worth approximately $47,000. Institutional investors and hedge funds own 22.08% of the company's stock.

CPI Card Group Trading Down 1.4%

PMTS stock opened at $24.36 on Friday. The company has a market capitalization of $283.31 million, a P/E ratio of 17.78 and a beta of 1.24. The business has a 50 day simple moving average of $25.77 and a 200-day simple moving average of $19.75. CPI Card Group has a twelve month low of $10.81 and a twelve month high of $31.25.

About CPI Card Group

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.

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