CPI Card Group (NASDAQ:PMTS) Director Purchases 4,651 Shares

Key Points

• Director Marc Sheinbaum bought 4,651 shares of CPI Card Group at $21.50 each, investing nearly $100,000 and increasing his direct stake by 21.29% to 26,500 shares.
• CPI Card Group shares recently traded at $24.26, within a 12-month range of $10.81 to $31.25, while institutional investors and hedge funds own 22.08% of the stock.
• Analysts maintain a generally positive outlook, with four Buy ratings and two Holds, an overall “Moderate Buy” consensus, and an average price target of $30.25.

CPI Card Group Inc. (NASDAQ:PMTS - Get Free Report) Director Marc Sheinbaum bought 4,651 shares of CPI Card Group stock in a transaction dated Monday, September 14th. The stock was purchased at an average price of $21.50 per share, with a total value of $99,996.50. Following the purchase, the director directly owned 26,500 shares in the company, valued at approximately $569,750. This trade represents a 21.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

CPI Card Group Stock Performance

NASDAQ:PMTS traded up $1.76 during mid-day trading on Monday, reaching $24.26. The stock had a trading volume of 612,736 shares, compared to its average volume of 162,742. CPI Card Group Inc. has a twelve month low of $10.81 and a twelve month high of $31.25. The firm has a market capitalization of $279.72 million, a price-to-earnings ratio of 21.10 and a beta of 0.97. The business has a 50 day simple moving average of $24.44 and a 200 day simple moving average of $19.35.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Ancora Advisors LLC purchased a new position in CPI Card Group during the second quarter worth $41,000. California State Teachers Retirement System grew its position in shares of CPI Card Group by 453.8% in the second quarter. California State Teachers Retirement System now owns 2,265 shares of the company's stock valued at $47,000 after purchasing an additional 1,856 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of CPI Card Group during the 1st quarter worth $157,000. Janney Montgomery Scott LLC raised its position in shares of CPI Card Group by 10.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,736 shares of the company's stock worth $214,000 after buying an additional 1,346 shares during the period. Finally, Potomac Capital Management Inc. acquired a new position in shares of CPI Card Group in the 4th quarter valued at about $337,000. 22.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. DA Davidson upped their target price on shares of CPI Card Group from $30.00 to $34.00 and gave the stock a "buy" rating in a research 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. B. Riley Financial restated a "buy" rating on shares of CPI Card Group in a report on Friday, August 7th. Roth Capital reaffirmed a "buy" rating and issued a $32.00 price objective on shares of CPI Card Group in a research note on Tuesday, August 11th. Finally, Zacks Research downgraded CPI Card Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, CPI Card Group currently has an average rating of "Moderate Buy" and an average price target of $30.25.

CPI Card Group Company Profile

CPI Card Group, Inc NASDAQ: PMTS is a leading provider of payment, identification and related credential solutions for financial institutions, governments and private enterprises. The company specializes in the design, manufacturing and personalization of secure plastic and metal cards, including EMV chip, magnetic-stripe and contactless cards. CPI Card Group also offers digital credentialing services and cloud-based card management tools that enable real-time controls, mobile wallet integration, fraud monitoring and analytics.

With a focus on security and innovation, CPI Card Group integrates advanced features such as holograms, microprinting, RFID/NFC technology and laser-engraved artwork into its card products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.