Insider Buying: CPI Card Group (NASDAQ:PMTS) Director Purchases $250,002.00 in Stock

CPI Card Group Inc. (NASDAQ:PMTS) Director Nicholas Peters acquired 11,628 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were purchased at an average price of $21.50 per share, with a total value of $250,002.00. Following the acquisition, the director owned 11,628 shares of the company’s stock, valued at approximately $250,002. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CPI Card Group Stock Down 2.2%

Shares of NASDAQ PMTS opened at $23.76 on Thursday. CPI Card Group Inc. has a twelve month low of $10.81 and a twelve month high of $31.25. The stock has a market cap of $275.38 million, a price-to-earnings ratio of 20.66 and a beta of 0.97. The company’s fifty day moving average is $24.72 and its 200-day moving average is $19.59.

Analyst Upgrades and Downgrades

PMTS has been the subject of several recent analyst reports. B. Riley Financial restated a “buy” rating on shares of CPI Card Group in a report on Friday, August 7th. Weiss Ratings upgraded CPI Card Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. DA Davidson boosted their price objective on CPI Card Group from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Zacks Research cut CPI Card Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Roth Capital restated a “buy” rating and set a $32.00 target price on shares of CPI Card Group in a report on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.25.

Institutional Trading of CPI Card Group

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

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.