CompoSecure (NASDAQ:CMPO) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

CompoSecure (NASDAQ:CMPO) had its target price hoisted by investment analysts at Needham & Company LLC from $22.00 to $25.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s target price would indicate a potential upside of 22.05% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $16.00 target price on shares of CompoSecure in a research note on Wednesday, August 20th. Benchmark lifted their price target on CompoSecure from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Finally, B. Riley restated a “buy” rating and set a $23.00 target price (up from $17.00) on shares of CompoSecure in a research report on Monday, August 18th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

CompoSecure Price Performance

Shares of CompoSecure stock opened at $20.48 on Tuesday. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of -12.19 and a beta of 0.97. The firm’s fifty day simple moving average is $19.86 and its 200-day simple moving average is $16.10. CompoSecure has a 12 month low of $9.24 and a 12 month high of $26.78.

Insider Buying and Selling

In other news, CFO Timothy Walter Fitzsimmons sold 100,000 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $18.74, for a total value of $1,874,000.00. Following the completion of the transaction, the chief financial officer directly owned 759,789 shares of the company’s stock, valued at $14,238,445.86. The trade was a 11.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Gregoire Maes sold 97,226 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $19.36, for a total value of $1,882,295.36. Following the completion of the sale, the chief operating officer owned 779,062 shares in the company, valued at $15,082,640.32. This represents a 11.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 217,125 shares of company stock valued at $4,139,550. 52.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CMPO. Versant Capital Management Inc boosted its stake in shares of CompoSecure by 291.8% during the 3rd quarter. Versant Capital Management Inc now owns 2,018 shares of the company’s stock worth $42,000 after purchasing an additional 1,503 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of CompoSecure by 25.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,478 shares of the company’s stock valued at $49,000 after buying an additional 713 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of CompoSecure by 80.0% in the second quarter. Ameritas Investment Partners Inc. now owns 4,488 shares of the company’s stock valued at $63,000 after buying an additional 1,995 shares during the last quarter. AlphaQuest LLC purchased a new position in shares of CompoSecure during the first quarter valued at approximately $72,000. Finally, KLP Kapitalforvaltning AS boosted its position in CompoSecure by 73.5% during the second quarter. KLP Kapitalforvaltning AS now owns 8,500 shares of the company’s stock worth $120,000 after acquiring an additional 3,600 shares during the last quarter. 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.