CompoSecure (NASDAQ:CMPO) Trading Down 3% – Time to Sell?

Shares of CompoSecure, Inc. (NASDAQ:CMPO) fell 3% during trading on Wednesday . The company traded as low as $14.78 and last traded at $14.80. 493,947 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 484,062 shares. The stock had previously closed at $15.25.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CMPO. Compass Point boosted their target price on CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Benchmark lifted their price target on CompoSecure from $12.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. raised their price objective on shares of CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Lake Street Capital increased their price target on shares of CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, Needham & Company LLC upped their price objective on CompoSecure from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, August 8th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.07.

CompoSecure Stock Performance

The stock has a market cap of $1.19 billion, a PE ratio of 15.72, a PEG ratio of 1.05 and a beta of 0.78. The stock’s 50-day moving average is $12.40 and its two-hundred day moving average is $8.87.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. CompoSecure had a negative return on equity of 11.78% and a net margin of 6.33%. The business had revenue of $108.57 million during the quarter, compared to analysts’ expectations of $102.22 million. During the same period in the previous year, the firm posted $0.25 earnings per share. Analysts forecast that CompoSecure, Inc. will post 1.1 EPS for the current year.

Insiders Place Their Bets

In other CompoSecure news, insider Adam Joseph Lowe sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $11.06, for a total value of $497,700.00. Following the completion of the transaction, the insider now owns 1,292,219 shares of the company’s stock, valued at $14,291,942.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other CompoSecure news, insider Adam Joseph Lowe sold 45,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $11.06, for a total value of $497,700.00. Following the sale, the insider now owns 1,292,219 shares of the company’s stock, valued at $14,291,942.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michele Logan sold 10,017,983 shares of CompoSecure stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $75,635,771.65. Following the completion of the transaction, the director now owns 2,043,320 shares of the company’s stock, valued at $15,427,066. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,867,586 shares of company stock worth $82,870,442 over the last three months. Company insiders own 74.99% of the company’s stock.

Institutional Investors Weigh In On CompoSecure

A number of large investors have recently modified their holdings of the company. CWM LLC grew its stake in shares of CompoSecure by 205.9% during the second quarter. CWM LLC now owns 3,656 shares of the company’s stock worth $25,000 after purchasing an additional 2,461 shares in the last quarter. Sandia Investment Management LP acquired a new position in shares of CompoSecure during the 2nd quarter worth about $68,000. Ritholtz Wealth Management purchased a new position in shares of CompoSecure in the 2nd quarter valued at about $84,000. Algert Global LLC acquired a new stake in shares of CompoSecure during the 2nd quarter worth about $84,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in CompoSecure during the first quarter worth approximately $91,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

About CompoSecure

CompoSecure, Inc manufactures and designs metal, composite, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which supports specific digital assets, including Bitcoin, Ethereum, non-fungible tokens and others.