CompoSecure (NASDAQ:CMPO) Price Target Raised to $32.00

CompoSecure (NASDAQ:CMPO) had its price objective boosted by Benchmark from $24.00 to $32.00 in a research note released on Tuesday,Benzinga reports. Benchmark currently has a buy rating on the stock.

CMPO has been the subject of a number of other reports. Needham & Company LLC upped their price target on shares of CompoSecure from $22.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. restated an “underweight” rating and issued a $16.00 price objective on shares of CompoSecure in a research report on Wednesday, August 20th. Finally, B. Riley reiterated a “buy” rating and set a $23.00 target price (up from $17.00) on shares of CompoSecure in a report on Monday, August 18th. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, CompoSecure presently has a consensus rating of “Moderate Buy” and an average price target of $24.50.

CompoSecure Stock Performance

Shares of CMPO stock opened at $21.13 on Tuesday. The company has a market capitalization of $2.16 billion, a P/E ratio of -12.58 and a beta of 0.97. CompoSecure has a fifty-two week low of $9.24 and a fifty-two week high of $26.78. The stock has a 50 day moving average price of $19.96 and a two-hundred day moving average price of $16.25.

Insider Activity at CompoSecure

In other CompoSecure news, CFO Timothy Walter Fitzsimmons sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $18.74, for a total value of $1,874,000.00. Following the completion of the sale, the chief financial officer directly owned 759,789 shares in the company, valued at $14,238,445.86. This trade represents a 11.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Gregoire Maes sold 97,226 shares of CompoSecure stock in a transaction that occurred 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 sale, the chief operating officer directly owned 779,062 shares in the company, valued at approximately $15,082,640.32. The trade was a 11.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 217,125 shares of company stock worth $4,139,550 over the last ninety days. Corporate insiders own 52.10% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its holdings in CompoSecure by 291.8% in the third quarter. Versant Capital Management Inc now owns 2,018 shares of the company’s stock valued at $42,000 after acquiring an additional 1,503 shares during the period. Tower Research Capital LLC TRC lifted its holdings in CompoSecure by 25.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,478 shares of the company’s stock worth $49,000 after purchasing an additional 713 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings 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 worth $63,000 after buying an additional 1,995 shares in the last quarter. AlphaQuest LLC bought a new position in shares of CompoSecure during the 1st quarter valued at about $72,000. Finally, Summit Securities Group LLC bought a new position in CompoSecure during the first quarter valued at approximately $107,000. Institutional investors own 37.56% of the company’s stock.

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.