CPI Card Group (NASDAQ:PMTS) Earns “Buy” Rating from Roth Mkm

CPI Card Group (NASDAQ:PMTS)‘s stock had its “buy” rating reaffirmed by equities research analysts at Roth Mkm in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $40.00 target price on the stock. Roth Mkm’s target price suggests a potential upside of 41.24% from the company’s previous close.

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

CPI Card Group Trading Down 2.4 %

NASDAQ PMTS opened at $28.32 on Wednesday. CPI Card Group has a 12-month low of $15.00 and a 12-month high of $35.19. The firm’s fifty day simple moving average is $30.11 and its two-hundred day simple moving average is $28.44. The firm has a market capitalization of $316.02 million, a P/E ratio of 21.62 and a beta of 1.43.

Hedge Funds Weigh In On CPI Card Group

Several hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its holdings in CPI Card Group by 1,635.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company’s stock worth $49,000 after buying an additional 1,554 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in CPI Card Group by 44.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock worth $75,000 after buying an additional 776 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in CPI Card Group by 355.6% during 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 during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of 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 purchasing an additional 1,656 shares in the last quarter. Finally, Virtus Investment Advisers Inc. purchased a new stake in shares of CPI Card Group in the fourth quarter valued at $84,000. Institutional investors and hedge funds own 22.08% of the company’s stock.

About CPI Card Group

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.