CPI Card Group (NASDAQ:PMTS) Price Target Raised to $34.00 at B. Riley

CPI Card Group (NASDAQ:PMTS) had its price objective raised by B. Riley from $33.00 to $34.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

PMTS has been the topic of a number of other research reports. DA Davidson restated a “buy” rating and set a $36.00 price target on shares of CPI Card Group in a research note on Tuesday, February 25th. Lake Street Capital boosted their price target on 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 restated a “buy” rating and set a $40.00 price target on shares of CPI Card Group in a research note on Wednesday. Four equities research 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 price target of $37.25.

CPI Card Group Stock Performance

Shares of PMTS stock opened at $29.03 on Wednesday. CPI Card Group has a fifty-two week low of $15.00 and a fifty-two week high of $35.19. The firm has a market capitalization of $323.95 million, a price-to-earnings ratio of 22.16 and a beta of 1.43. The stock’s 50-day simple moving average is $30.20 and its 200-day simple moving average is $28.44.

Institutional Investors Weigh In On CPI Card Group

A number of large investors have recently bought and sold shares of the company. Virtus Investment Advisers Inc. purchased a new stake in CPI Card Group in the fourth quarter valued at approximately $84,000. Squarepoint Ops LLC boosted its position 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 buying an additional 8,386 shares during the last quarter. Two Sigma Advisers LP boosted its position 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 buying an additional 15,000 shares during the last quarter. Two Sigma Investments LP boosted its position in CPI Card Group by 121.6% in 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 during the last quarter. Finally, Man Group plc purchased a new stake in CPI Card Group in the 4th quarter worth approximately $364,000. Hedge funds and other institutional investors own 22.08% of the company’s stock.

CPI Card Group Company Profile

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.