CPI Card Group (NASDAQ:PMTS) Director Acquires $99,996.50 in Stock

CPI Card Group Inc. (NASDAQ:PMTS) Director Marc Sheinbaum bought 4,651 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were bought at an average cost of $21.50 per share, with a total value of $99,996.50. Following the purchase, the director directly owned 26,500 shares of the company’s stock, valued at approximately $569,750. This represents a 21.29% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

CPI Card Group Stock Down 2.2%

PMTS opened at $23.76 on Thursday. The company has a market cap of $275.38 million, a PE ratio of 20.66 and a beta of 0.97. CPI Card Group Inc. has a twelve month low of $10.81 and a twelve month high of $31.25. The company has a 50-day moving average price of $24.72 and a 200 day moving average price of $19.59.

Institutional Trading of CPI Card Group

Several hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC lifted its stake in CPI Card Group by 10.1% in the first quarter. Janney Montgomery Scott LLC now owns 14,736 shares of the company’s stock worth $214,000 after acquiring an additional 1,346 shares during the last quarter. Ancora Advisors LLC acquired a new position in CPI Card Group during the 2nd quarter worth approximately $41,000. Lazard Asset Management LLC purchased a new stake in shares of CPI Card Group in the 1st quarter valued at approximately $157,000. Potomac Capital Management Inc. purchased a new stake in shares of CPI Card Group in the 4th quarter valued at approximately $337,000. Finally, Walleye Capital LLC acquired a new stake in shares of CPI Card Group in the 1st quarter valued at $358,000. 22.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PMTS has been the topic of several research reports. Roth Capital restated a “buy” rating and issued a $32.00 target price on shares of CPI Card Group in a research report on Tuesday, August 11th. Weiss Ratings upgraded CPI Card Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. DA Davidson increased their price objective on CPI Card Group from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Zacks Research lowered CPI Card Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Finally, Wall Street Zen raised shares of CPI Card Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.25.

CPI Card Group Company Profile

CPI Card Group Inc is a payment technology company that produces and supports payment cards for financial institutions, fintech companies, government agencies and other organizations. The company’s offerings include credit, debit and prepaid cards, along with card programs designed for consumer, commercial and government payments.

Its products and services include EMV chip cards, contactless and dual-interface cards, metal cards, environmentally focused card products, card personalization and fulfillment.