CPI Card Group Inc. (NASDAQ:PMTS) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have earned an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $30.25.

A number of equities research analysts recently commented on the company. Zacks Research downgraded CPI Card Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. DA Davidson raised their target price on CPI Card Group from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. B. Riley Financial restated a “buy” rating on shares of CPI Card Group in a report on Friday, August 7th. Wall Street Zen upgraded CPI Card Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings raised 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 acquired 11,628 shares of CPI Card Group stock in a transaction that occurred on 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 purchase, the director directly owned 11,628 shares of the company’s stock, valued at $250,002. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marc Sheinbaum acquired 4,651 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were purchased at an average price of $21.50 per share, with a total value of $99,996.50. Following the acquisition, the director owned 26,500 shares of the company’s stock, valued at approximately $569,750. This trade represents a 21.29% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 31,232 shares of company stock worth $671,488 over the last quarter. 5.80% of the stock is owned by insiders.

Hedge Funds Weigh In On CPI Card Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased 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 valued at $214,000 after buying an additional 1,346 shares in the last quarter. USA Financial Formulas acquired a new stake in CPI Card Group during the 3rd quarter worth $47,000. Ancora Advisors LLC acquired a new stake in CPI Card Group during the 2nd quarter worth $41,000. Lazard Asset Management LLC bought a new position in CPI Card Group during the first quarter worth about $157,000. Finally, Walleye Capital LLC bought a new position in CPI Card Group during the first quarter worth about $358,000. 22.08% of the stock is owned by institutional investors.

CPI Card Group Stock Up 4.4%

PMTS stock opened at $27.04 on Wednesday. CPI Card Group has a twelve month low of $10.81 and a twelve month high of $31.25. The company has a market cap of $313.39 million, a P/E ratio of 23.51 and a beta of 1.13. The business’s fifty day moving average is $26.43 and its 200-day moving average is $21.39.

CPI Card Group Company Profile

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. Its offerings include credit, debit, prepaid and other payment cards, along with related card-issuance and fulfillment services.

The company provides card personalization, packaging, fulfillment and distribution, as well as digital and physical card solutions designed to support payment programs. CPI Card Group also offers services intended to help customers manage card production, security and issuance across a range of payment products.

Headquartered in Littleton, Colorado, CPI Card Group primarily serves customers in the United States and Canada.