CPI Card Group (NASDAQ:PMTS) Price Target Raised to $38.00

CPI Card Group (NASDAQ:PMTS) had its target price lifted by DA Davidson from $36.00 to $38.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued reports about the company. Lake Street Capital boosted their price target on CPI Card Group from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. B. Riley boosted their target price on shares of CPI Card Group from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Roth Mkm reaffirmed a “buy” rating and set a $40.00 price target on shares of CPI Card Group in a report on Wednesday. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $37.25.

CPI Card Group Price Performance

NASDAQ:PMTS opened at $28.19 on Wednesday. CPI Card Group has a 12 month low of $15.00 and a 12 month high of $35.19. The business’s 50-day moving average is $30.04 and its two-hundred day moving average is $28.44. The firm has a market capitalization of $316.88 million, a PE ratio of 21.52 and a beta of 1.36.

Hedge Funds Weigh In On CPI Card Group

A number of institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. raised its holdings in 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 valued at $49,000 after acquiring an additional 1,554 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of CPI Card Group by 44.9% in the 4th 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 in the last quarter. Tower Research Capital LLC TRC grew its stake in CPI Card Group by 355.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,665 shares of the company’s stock worth $80,000 after purchasing an additional 2,080 shares in the last quarter. MetLife Investment Management LLC increased its holdings in CPI Card Group by 129.1% in the third quarter. MetLife Investment Management LLC now owns 2,939 shares of the company’s stock valued at $82,000 after buying an additional 1,656 shares during the last quarter. Finally, Virtus Investment Advisers Inc. bought a new position in CPI Card Group during the 4th quarter worth approximately $84,000. 22.08% of the stock is owned by institutional investors and hedge funds.

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.