CPI Card Group Inc. (NASDAQ:PMTS) Short Interest Update

CPI Card Group Inc. (NASDAQ:PMTS - Get Free Report) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 86,700 shares, an increase of 21.1% from the January 31st total of 71,600 shares. Currently, 1.5% of the company's stock are short sold. Based on an average trading volume of 34,800 shares, the days-to-cover ratio is presently 2.5 days.

CPI Card Group Stock Performance

Shares of CPI Card Group stock traded up $0.05 during mid-day trading on Monday, hitting $28.24. 81,556 shares of the stock were exchanged, compared to its average volume of 32,411. CPI Card Group has a 12 month low of $15.02 and a 12 month high of $35.19. The company has a 50-day simple moving average of $29.98 and a 200 day simple moving average of $28.47. The company has a market capitalization of $317.45 million, a P/E ratio of 21.56 and a beta of 1.36.

Institutional Investors Weigh In On CPI Card Group

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its holdings in shares of CPI Card Group by 1,635.8% in the 4th quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company's stock worth $49,000 after purchasing an additional 1,554 shares during the period. Wells Fargo & Company MN raised its holdings 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 worth $75,000 after purchasing an additional 776 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of CPI Card Group by 355.6% in the 4th 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 period. MetLife Investment Management LLC raised its holdings in shares of CPI Card Group by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 2,939 shares of the company's stock worth $82,000 after purchasing an additional 1,656 shares during the period. Finally, Virtus Investment Advisers Inc. bought a new stake in shares of CPI Card Group in the 4th quarter worth approximately $84,000. Institutional investors own 22.08% of the company's stock.

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Analyst Ratings Changes

Several equities analysts recently weighed in on PMTS shares. DA Davidson raised their price target on shares of CPI Card Group from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Lake Street Capital lifted their target price on shares of CPI Card Group from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Roth Mkm reissued a "buy" rating and set a $40.00 target price on shares of CPI Card Group in a research report on Wednesday, March 5th. Finally, B. Riley lifted 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, March 5th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $37.25.

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.