CPI Card Group (NASDAQ:PMTS) Given Buy Rating at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of CPI Card Group (NASDAQ:PMTS) in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a $40.00 price target on the stock.

Several other equities research analysts also recently weighed in on the company. Lake Street Capital upped their target price 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. DA Davidson reaffirmed a “buy” rating and issued a $36.00 target price on shares of CPI Card Group in a research report on Tuesday, February 25th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $37.25.

CPI Card Group Price Performance

Shares of NASDAQ PMTS opened at $29.03 on Wednesday. CPI Card Group has a 1-year low of $15.00 and a 1-year high of $35.19. The business has a 50-day moving average of $30.20 and a 200-day moving average of $28.44. The company has a market capitalization of $323.95 million, a price-to-earnings ratio of 22.16 and a beta of 1.43.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Virtus Investment Advisers Inc. purchased a new position in CPI Card Group in the fourth quarter valued at about $84,000. Squarepoint Ops LLC boosted its holdings in CPI Card Group by 113.7% in the fourth quarter. Squarepoint Ops LLC now owns 15,760 shares of the company’s stock valued at $471,000 after purchasing an additional 8,386 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in CPI Card Group by 87.2% in the fourth quarter. Two Sigma Advisers LP now owns 32,200 shares of the company’s stock valued at $962,000 after purchasing an additional 15,000 shares during the last quarter. Two Sigma Investments LP raised its stake in CPI Card Group by 121.6% during the fourth quarter. Two Sigma Investments LP now owns 37,680 shares of the company’s stock valued at $1,126,000 after buying an additional 20,677 shares in the last quarter. Finally, Man Group plc acquired a new stake in CPI Card Group during the fourth quarter valued at approximately $364,000. Hedge funds and other institutional investors 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.