CPI Card Group Inc. (NASDAQ:PMTS) Short Interest Update

CPI Card Group Inc. (NASDAQ:PMTS) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 86,700 shares, a growth of 21.1% from the January 31st total of 71,600 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 34,800 shares, the short-interest ratio is currently 2.5 days.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PMTS. B. Riley increased their price objective on shares of CPI Card Group from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday. Roth Mkm reissued a “buy” rating and issued a $40.00 price target on shares of CPI Card Group in a research note on Wednesday. Lake Street Capital upped their price objective 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. Finally, DA Davidson lifted their target price on CPI Card Group from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $37.25.

Hedge Funds Weigh In On CPI Card Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC lifted its stake in CPI Card Group by 5.2% in the 4th quarter. Barclays PLC now owns 7,712 shares of the company’s stock valued at $230,000 after purchasing an additional 382 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of CPI Card Group by 10.7% during the 4th quarter. BNP Paribas Financial Markets now owns 5,844 shares of the company’s stock worth $175,000 after acquiring an additional 563 shares during the period. Wells Fargo & Company MN raised its stake in CPI Card Group by 44.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock valued at $75,000 after acquiring an additional 776 shares during the period. IFP Advisors Inc lifted its holdings in CPI Card Group by 96.6% during the 4th quarter. IFP Advisors Inc now owns 3,048 shares of the company’s stock valued at $91,000 after purchasing an additional 1,498 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted 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 purchasing an additional 1,554 shares during the period. 22.08% of the stock is owned by institutional investors.

CPI Card Group Stock Performance

NASDAQ:PMTS opened at $28.38 on Friday. CPI Card Group has a 52-week low of $15.00 and a 52-week high of $35.19. The company has a market cap of $316.67 million, a P/E ratio of 21.75 and a beta of 1.43. The stock’s 50-day simple moving average is $30.11 and its 200 day simple moving average is $28.44.

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.