CPI Card Group Inc. (NASDAQ:PMTS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of CPI Card Group Inc. (NASDAQ:PMTS) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $30.25.

A number of research firms have recently issued reports on PMTS. Roth Capital reiterated a “buy” rating and issued a $32.00 price objective on shares of CPI Card Group in a report on Tuesday, August 11th. Lake Street Capital reiterated a “buy” rating and issued a $27.00 price target on shares of CPI Card Group in a research note on Wednesday, May 6th. B. Riley Financial restated a “buy” rating on shares of CPI Card Group in a research note on Friday, August 7th. Wall Street Zen upgraded CPI Card Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Finally, Weiss Ratings upgraded CPI Card Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th.

Hedge Funds Weigh In On CPI Card Group

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of CPI Card Group by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 498,101 shares of the company’s stock worth $7,541,000 after purchasing an additional 26,848 shares during the last quarter. Vector Capital Management L.P. increased its position in CPI Card Group by 18.6% during the third quarter. Vector Capital Management L.P. now owns 459,314 shares of the company’s stock worth $6,954,000 after buying an additional 71,891 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its stake in CPI Card Group by 13.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 442,464 shares of the company’s stock valued at $6,495,000 after buying an additional 51,139 shares during the period. Wasatch Advisors LP raised its stake in CPI Card Group by 56.3% in the second quarter. Wasatch Advisors LP now owns 357,754 shares of the company’s stock valued at $8,486,000 after buying an additional 128,808 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of CPI Card Group by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 145,450 shares of the company’s stock valued at $2,136,000 after buying an additional 7,236 shares during the last quarter. 22.08% of the stock is currently owned by institutional investors and hedge funds.

CPI Card Group Stock Performance

NASDAQ PMTS opened at $28.97 on Tuesday. CPI Card Group has a 52 week low of $10.81 and a 52 week high of $31.25. The stock’s 50 day moving average price is $23.05 and its two-hundred day moving average price is $18.33. The stock has a market capitalization of $334.02 million, a price-to-earnings ratio of 25.19 and a beta of 1.05.

CPI Card Group Company Profile

CPI Card Group, Inc (NASDAQ: PMTS) is a leading provider of payment, identification and related credential solutions for financial institutions, governments and private enterprises. The company specializes in the design, manufacturing and personalization of secure plastic and metal cards, including EMV chip, magnetic-stripe and contactless cards. CPI Card Group also offers digital credentialing services and cloud-based card management tools that enable real-time controls, mobile wallet integration, fraud monitoring and analytics.

With a focus on security and innovation, CPI Card Group integrates advanced features such as holograms, microprinting, RFID/NFC technology and laser-engraved artwork into its card products.