CPI Card Group (NASDAQ:PMTS) Price Target Raised to $38.00 at DA Davidson

CPI Card Group (NASDAQ:PMTS) had its price target boosted by DA Davidson from $36.00 to $38.00 in a research note released on Wednesday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on PMTS. Lake Street Capital increased their price target on CPI Card Group from $33.00 to $37.00 and gave the company 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. Finally, B. Riley raised their target price on CPI Card Group from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $37.25.

CPI Card Group Price Performance

PMTS stock opened at $29.03 on Wednesday. The firm has a market capitalization of $323.95 million, a P/E ratio of 22.16 and a beta of 1.43. The business’s 50-day moving average is $30.20 and its two-hundred day moving average is $28.44. CPI Card Group has a 1 year low of $15.00 and a 1 year high of $35.19.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its position in CPI Card Group by 1,635.8% during the fourth 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 period. Wells Fargo & Company MN increased its position 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 during the period. Tower Research Capital LLC TRC increased its position 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 buying an additional 2,080 shares during the period. MetLife Investment Management LLC increased its position in CPI Card Group by 129.1% during the third quarter. MetLife Investment Management LLC now owns 2,939 shares of the company’s stock worth $82,000 after buying an additional 1,656 shares during the period. Finally, Virtus Investment Advisers Inc. acquired a new position in CPI Card Group during the fourth quarter worth approximately $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.