CPI Card Group’s (PMTS) “Buy” Rating Reiterated at Roth Mkm

Roth Mkm restated their buy rating on shares of CPI Card Group (NASDAQ:PMTS) in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a $40.00 target price on the stock.

Several other equities analysts have also recently weighed in on the stock. Lake Street Capital raised their price target on shares of CPI Card Group from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. DA Davidson reaffirmed a “buy” rating and issued a $36.00 target price on shares of CPI Card Group in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $37.25.

CPI Card Group Price Performance

PMTS stock opened at $28.19 on Wednesday. The stock has a market capitalization of $316.88 million, a P/E ratio of 21.52 and a beta of 1.36. CPI Card Group has a fifty-two week low of $15.00 and a fifty-two week high of $35.19. The business has a 50-day moving average of $30.04 and a 200-day moving average of $28.44.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PMTS. BNP Paribas Financial Markets boosted its holdings in shares of CPI Card Group by 182.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,281 shares of the company’s stock valued at $147,000 after buying an additional 3,414 shares during the last quarter. MetLife Investment Management LLC raised its position in CPI Card Group by 129.1% during the third quarter. MetLife Investment Management LLC now owns 2,939 shares of the company’s stock worth $82,000 after acquiring an additional 1,656 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in CPI Card Group by 109.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 26,655 shares of the company’s stock valued at $742,000 after acquiring an additional 13,901 shares during the last quarter. State Street Corp grew its position in shares of CPI Card Group by 9.3% in the 3rd quarter. State Street Corp now owns 73,150 shares of the company’s stock valued at $2,036,000 after acquiring an additional 6,214 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of CPI Card Group during the 3rd quarter worth about $305,000. 22.08% of the stock is currently owned by 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.