CPI Card Group (NASDAQ:PMTS) Price Target Raised to $37.00

CPI Card Group (NASDAQ:PMTS) had its price target upped by Lake Street Capital from $33.00 to $37.00 in a research report released on Wednesday,Benzinga reports. Lake Street Capital currently has a buy rating on the stock.

Separately, DA Davidson began coverage on shares of CPI Card Group in a research report on Friday, November 22nd. They set a “buy” rating and a $36.00 price target for the company. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $37.67.

CPI Card Group Trading Up 1.1 %

Shares of PMTS opened at $33.11 on Wednesday. CPI Card Group has a 12-month low of $15.00 and a 12-month high of $34.01. The company has a market cap of $369.47 million, a PE ratio of 25.11 and a beta of 1.39. The stock has a 50-day moving average price of $26.10 and a 200-day moving average price of $26.88.

Insider Buying and Selling at CPI Card Group

In related news, Director H Sanford Riley acquired 2,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were purchased at an average cost of $32.51 per share, with a total value of $65,020.00. Following the transaction, the director now directly owns 9,500 shares in the company, valued at approximately $308,845. This represents a 26.67 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sonya Vollmer sold 3,660 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.10, for a total transaction of $91,866.00. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On CPI Card Group

Several large investors have recently made changes to their positions in PMTS. Vanguard Group Inc. increased its stake in CPI Card Group by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 340,945 shares of the company’s stock worth $6,089,000 after acquiring an additional 10,265 shares during the last quarter. Vector Capital Management L.P. grew its holdings in shares of CPI Card Group by 77.7% in the second quarter. Vector Capital Management L.P. now owns 248,737 shares of the company’s stock valued at $6,778,000 after purchasing an additional 108,756 shares in the last quarter. Dimensional Fund Advisors LP increased its position in CPI Card Group by 31.8% in the second quarter. Dimensional Fund Advisors LP now owns 23,979 shares of the company’s stock worth $653,000 after purchasing an additional 5,783 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in CPI Card Group during the third quarter valued at $205,000. Finally, Rhumbline Advisers lifted its position in CPI Card Group by 32.8% during the second quarter. Rhumbline Advisers now owns 6,302 shares of the company’s stock valued at $172,000 after purchasing an additional 1,555 shares during the last quarter. 22.08% of the stock is currently owned by hedge funds and other 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.