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

CPI Card Group (NASDAQ:PMTS) had its price objective hoisted by analysts at DA Davidson from $36.00 to $38.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 28.81% from the company’s previous close.

Other research analysts have also recently issued reports about the company. B. Riley lifted their price objective on CPI Card Group from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday. Lake Street Capital raised 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 note on Wednesday, December 4th. Finally, Roth Mkm reiterated a “buy” rating and issued a $40.00 price target 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $37.25.

CPI Card Group Trading Down 0.8 %

CPI Card Group stock traded down $0.25 during trading on Wednesday, reaching $29.50. The company had a trading volume of 14,575 shares, compared to its average volume of 28,545. The firm has a market capitalization of $329.19 million, a price-to-earnings ratio of 22.52 and a beta of 1.43. The firm’s 50-day simple moving average is $30.28 and its 200 day simple moving average is $28.43. CPI Card Group has a 52 week low of $15.00 and a 52 week high of $35.19.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in shares of CPI Card Group by 182.9% in the third quarter. BNP Paribas Financial Markets now owns 5,281 shares of the company’s stock worth $147,000 after buying an additional 3,414 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of CPI Card Group by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 2,939 shares of the company’s stock worth $82,000 after acquiring an additional 1,656 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of CPI Card Group by 109.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 26,655 shares of the company’s stock valued at $742,000 after acquiring an additional 13,901 shares during the last quarter. State Street Corp grew its holdings in shares of CPI Card Group by 9.3% in the third quarter. State Street Corp now owns 73,150 shares of the company’s stock valued at $2,036,000 after purchasing an additional 6,214 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in CPI Card Group in the third quarter worth $305,000. 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.