CPI Card Group (NASDAQ:PMTS - Get Free Report) had its target price hoisted by DA Davidson from $36.00 to $38.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. DA Davidson's target price points to a potential upside of 34.80% from the stock's current price.
Several other research firms have also issued reports on PMTS. B. Riley boosted their price target on CPI Card Group from $33.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday. Lake Street Capital upped their price objective on CPI Card Group from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Finally, Roth Mkm reiterated a "buy" rating and issued a $40.00 target price on shares of CPI Card Group in a research report on Wednesday. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $37.25.
Get Our Latest Research Report on CPI Card Group
CPI Card Group Stock Down 0.5 %
Shares of CPI Card Group stock traded down $0.13 on Wednesday, reaching $28.19. The company's stock had a trading volume of 32,518 shares, compared to its average volume of 29,494. The company has a market capitalization of $316.88 million, a price-to-earnings ratio of 21.52 and a beta of 1.36. The firm's fifty day simple moving average is $30.04 and its two-hundred day simple moving average is $28.46. CPI Card Group has a 52 week low of $15.00 and a 52 week high of $35.19.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of PMTS. Wasatch Advisors LP bought a new position in CPI Card Group in the fourth quarter worth approximately $10,175,000. Pacific Ridge Capital Partners LLC bought a new stake in CPI Card Group during the 4th quarter valued at $4,401,000. Hillsdale Investment Management Inc. bought a new stake in CPI Card Group during the 4th quarter valued at $3,240,000. Vector Capital Management L.P. boosted its position in CPI Card Group by 38.4% during the 4th quarter. Vector Capital Management L.P. now owns 360,318 shares of the company's stock valued at $10,770,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Manatuck Hill Partners LLC bought a new stake in CPI Card Group during the 4th quarter valued at $1,644,000. Institutional investors own 22.08% of the company's stock.
About CPI Card Group
(
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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.
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