CPI Card Group’s (PMTS) “Buy” Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of CPI Card Group (NASDAQ:PMTS) in a report issued on Tuesday morning,Benzinga reports. DA Davidson currently has a $36.00 target price on the stock.

Separately, Lake Street Capital upped their price objective 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.

CPI Card Group Stock Down 2.0 %

PMTS opened at $32.75 on Tuesday. The stock has a market capitalization of $365.46 million, a price-to-earnings ratio of 25.00 and a beta of 1.43. The firm has a 50 day moving average price of $30.35 and a 200-day moving average price of $28.31. CPI Card Group has a twelve month low of $15.00 and a twelve month high of $35.19.

Insider Buying and Selling at CPI Card Group

In other CPI Card Group news, Director H Sanford Riley acquired 2,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was purchased at an average price of $32.51 per share, with a total value of $65,020.00. Following the transaction, the director now directly owns 9,500 shares in the company, valued at approximately $308,845. The trade was a 26.67 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CPI Card Group

A number of institutional investors have recently bought and sold shares of the stock. Vector Capital Management L.P. grew its holdings in CPI Card Group by 38.4% during the fourth quarter. Vector Capital Management L.P. now owns 360,318 shares of the company’s stock valued at $10,770,000 after purchasing an additional 100,000 shares during the period. Wasatch Advisors LP purchased a new position in shares of CPI Card Group during the 4th quarter valued at about $10,175,000. Pacific Ridge Capital Partners LLC bought a new position in shares of CPI Card Group during the 4th quarter valued at approximately $4,401,000. Geode Capital Management LLC increased its holdings in CPI Card Group by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 110,582 shares of the company’s stock worth $3,306,000 after acquiring an additional 1,953 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in CPI Card Group during the 4th quarter worth approximately $3,240,000. 22.08% of the stock is owned by institutional investors.

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.