CompoSecure (NASDAQ:CMPO) Price Target Cut to $15.00 by Analysts at JPMorgan Chase & Co.

CompoSecure (NASDAQ:CMPO) had its price target decreased by JPMorgan Chase & Co. from $16.00 to $15.00 in a research report sent to investors on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other brokerages have also weighed in on CMPO. Needham & Company LLC lowered their target price on CompoSecure from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday. Benchmark reiterated a “buy” rating and issued a $17.00 price target on shares of CompoSecure in a report on Tuesday, November 12th. TD Cowen assumed coverage on CompoSecure in a report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, B. Riley raised their price target on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.19.

CompoSecure Stock Performance

Shares of NASDAQ:CMPO opened at $11.56 on Thursday. CompoSecure has a twelve month low of $5.58 and a twelve month high of $17.71. The firm has a market cap of $1.02 billion, a PE ratio of -26.27, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77. The business has a fifty day moving average of $15.09 and a 200-day moving average of $14.56.

Insiders Place Their Bets

In other CompoSecure news, CRO Amanda Mandy Gourbault sold 9,622 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $16.09, for a total transaction of $154,817.98. Following the transaction, the executive now owns 821,782 shares in the company, valued at approximately $13,222,472.38. This trade represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Resolute Compo Holdings Llc bought 221,186 shares of CompoSecure stock in a transaction on Wednesday, February 12th. The shares were bought at an average price of $15.01 per share, for a total transaction of $3,320,001.86. Following the acquisition, the director now owns 221,186 shares of the company’s stock, valued at approximately $3,320,001.86. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 659,376 shares of company stock worth $10,429,021 and have sold 76,872 shares worth $1,224,846. Company insiders own 74.99% of the company’s stock.

Institutional Investors Weigh In On CompoSecure

Hedge funds have recently modified their holdings of the business. Verition Fund Management LLC acquired a new stake in shares of CompoSecure during the third quarter worth about $798,000. Geode Capital Management LLC raised its position in shares of CompoSecure by 34.1% during the third quarter. Geode Capital Management LLC now owns 585,746 shares of the company’s stock worth $8,214,000 after purchasing an additional 148,833 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of CompoSecure during the fourth quarter worth about $526,000. JPMorgan Chase & Co. raised its position in shares of CompoSecure by 555.0% during the third quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company’s stock worth $728,000 after purchasing an additional 44,018 shares during the period. Finally, State Street Corp raised its position in shares of CompoSecure by 20.1% during the third quarter. State Street Corp now owns 395,691 shares of the company’s stock worth $5,548,000 after purchasing an additional 66,232 shares during the period. Institutional investors and hedge funds own 37.56% of the company’s stock.

CompoSecure Company Profile

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.