CPI Card Group (NASDAQ:PMTS) Given New $38.00 Price Target at DA Davidson

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

PMTS has been the topic of several other reports. Lake Street Capital lifted their target price on CPI Card Group from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Roth Mkm reiterated a “buy” rating and issued a $40.00 target price on shares of CPI Card Group in a research note on Wednesday. Finally, B. Riley lifted their target price on CPI Card Group from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $37.25.

CPI Card Group Trading Down 2.4 %

Shares of PMTS stock opened at $29.03 on Wednesday. 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 twelve month low of $15.00 and a twelve month high of $35.19. The company has a market capitalization of $323.95 million, a P/E ratio of 22.16 and a beta of 1.43.

Institutional Trading of CPI Card Group

A number of institutional investors have recently modified their holdings of the business. Barclays PLC boosted its stake in shares of CPI Card Group by 5.2% in the fourth quarter. Barclays PLC now owns 7,712 shares of the company’s stock valued at $230,000 after buying an additional 382 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of CPI Card Group by 10.7% in the fourth quarter. BNP Paribas Financial Markets now owns 5,844 shares of the company’s stock valued at $175,000 after buying an additional 563 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of CPI Card Group by 44.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock valued at $75,000 after buying an additional 776 shares in the last quarter. IFP Advisors Inc boosted its position in CPI Card Group by 96.6% during the fourth quarter. IFP Advisors Inc now owns 3,048 shares of the company’s stock worth $91,000 after purchasing an additional 1,498 shares in 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 in the last quarter. 22.08% of the stock is currently owned by hedge funds and other institutional investors.

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.