Roth Mkm Reiterates Buy Rating for CPI Card Group (NASDAQ:PMTS)

Roth Mkm reiterated their buy rating on shares of CPI Card Group (NASDAQ:PMTS) in a research note published on Wednesday,Benzinga reports. The firm currently has a $40.00 target price on the stock.

PMTS has been the topic of several other research reports. DA Davidson reissued a “buy” rating and issued a $36.00 price target on shares of CPI Card Group in a report on Tuesday, February 25th. Lake Street Capital raised their price target on CPI Card Group from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $37.25.

CPI Card Group Stock Down 2.4 %

Shares of NASDAQ PMTS opened at $29.03 on Wednesday. The stock’s 50 day moving average price is $30.20 and its two-hundred day moving average price is $28.44. CPI Card Group has a 52-week low of $15.00 and a 52-week high of $35.19. The stock 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

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its stake in CPI Card Group by 182.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,281 shares of the company’s stock valued at $147,000 after acquiring an additional 3,414 shares in the last quarter. MetLife Investment Management LLC raised its stake in CPI Card Group by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 2,939 shares of the company’s stock valued at $82,000 after acquiring an additional 1,656 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in CPI Card Group by 109.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 26,655 shares of the company’s stock valued at $742,000 after acquiring an additional 13,901 shares in the last quarter. State Street Corp raised its stake in CPI Card Group by 9.3% during the 3rd quarter. State Street Corp now owns 73,150 shares of the company’s stock valued at $2,036,000 after acquiring an additional 6,214 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in CPI Card Group during the 3rd quarter valued at $305,000. 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.