CPI Card Group (NASDAQ:PMTS) PT Raised to $49.00

CPI Card Group (NASDAQ:PMTS – Get Rating) had its price target hoisted by Lake Street Capital from $42.00 to $49.00 in a research note issued on Thursday, The Fly reports. Lake Street Capital’s price target points to a potential upside of 20.81% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. StockNews.com upgraded shares of CPI Card Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 18th. TheStreet raised shares of CPI Card Group from a “c” rating to a “b-” rating in a research note on Thursday, December 1st.

CPI Card Group Trading Down 0.4 %

NASDAQ:PMTS opened at $40.56 on Thursday. The company has a market cap of $461.98 million, a P/E ratio of 13.08 and a beta of 1.25. The company’s 50-day moving average price is $35.59 and its 200-day moving average price is $27.18. CPI Card Group has a twelve month low of $10.44 and a twelve month high of $42.50.

Institutional Investors Weigh In On CPI Card Group

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP acquired a new stake in shares of CPI Card Group during the 3rd quarter worth approximately $160,000. Morgan Stanley raised its position in shares of CPI Card Group by 174.5% in the 4th quarter. Morgan Stanley now owns 4,961 shares of the company’s stock valued at $179,000 after acquiring an additional 3,154 shares during the period. Kestra Advisory Services LLC acquired a new stake in CPI Card Group during the 4th quarter worth $217,000. 683 Capital Management LLC bought a new position in CPI Card Group in the fourth quarter valued at approximately $245,000. Finally, Pembroke Management LTD bought a new position in shares of CPI Card Group during the fourth quarter worth about $276,000. 12.05% of the stock is currently owned by institutional investors and hedge funds.

CPI Card Group Company Profile

(Get Rating)

CPI Card Group, Inc engages in the provision of financial payment card solutions. It operates through the following business segments: U.S. Debit and Credit, U.S. Prepaid Debit, and Other. The U.S. Debit and Credit segment produces Financial Payment Cards and provides integrated card services to card-issuing banks in the U.S.