Fintel reports that on September 19, 2023, B. Riley Securities initiated coverage of CPI Card Group (NASDAQ:PMTS) with a Buy recommendation.
Analyst Price Forecast Suggests 174.16% Upside
As of August 31, 2023, the average one-year price target for CPI Card Group is 49.98. The forecasts range from a low of 49.49 to a high of $51.45. The average price target represents an increase of 174.16% from its latest reported closing price of 18.23.
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The projected annual revenue for CPI Card Group is 508MM, an increase of 4.34%. The projected annual non-GAAP EPS is 2.76.
What is the Fund Sentiment?
There are 118 funds or institutions reporting positions in CPI Card Group. This is an increase of 29 owner(s) or 32.58% in the last quarter. Average portfolio weight of all funds dedicated to PMTS is 0.06%, a decrease of 61.99%. Total shares owned by institutions increased in the last three months by 8.77% to 2,327K shares.
What are Other Shareholders Doing?
Steamboat Capital Partners holds 510K shares representing 4.46% ownership of the company. In it's prior filing, the firm reported owning 600K shares, representing a decrease of 17.65%. The firm decreased its portfolio allocation in PMTS by 54.36% over the last quarter.
UBS Group holds 152K shares representing 1.33% ownership of the company. In it's prior filing, the firm reported owning 131K shares, representing an increase of 13.97%. The firm decreased its portfolio allocation in PMTS by 30.13% over the last quarter.
Vector Capital Management holds 140K shares representing 1.22% ownership of the company. In it's prior filing, the firm reported owning 209K shares, representing a decrease of 49.24%. The firm decreased its portfolio allocation in PMTS by 62.33% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 132K shares representing 1.16% ownership of the company. No change in the last quarter.
Geode Capital Management holds 89K shares representing 0.78% ownership of the company. In it's prior filing, the firm reported owning 46K shares, representing an increase of 48.16%. The firm decreased its portfolio allocation in PMTS by 9.83% over the last quarter.
CPI Card Group Background Information
(This description is provided by the company.)
CPI is a leading payment solutions provider proudly offering credit, debit and prepaid debit card solutions.
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