CompoSecure, Inc. (NASDAQ:CMPO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of CompoSecure, Inc. (NASDAQ:CMPO) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $16.19.

A number of equities analysts have issued reports on CMPO shares. TD Cowen assumed coverage on shares of CompoSecure in a report on Wednesday, December 18th. They set a “buy” rating and a $20.00 price objective on the stock. Needham & Company LLC cut their price target on shares of CompoSecure from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Lake Street Capital decreased their price objective on shares of CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of CompoSecure from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th.

Insider Transactions at CompoSecure

In other news, CRO Amanda Mandy Gourbault sold 9,622 shares of CompoSecure stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $16.09, for a total value of $154,817.98. Following the completion of the transaction, the executive now owns 821,782 shares in the company, valued at $13,222,472.38. This trade represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Joseph Lowe sold 18,818 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $10.97, for a total transaction of $206,433.46. Following the completion of the sale, the insider now directly owns 1,486,036 shares in the company, valued at approximately $16,301,814.92. This trade represents a 1.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders purchased 704,421 shares of company stock worth $10,929,922 and sold 34,340 shares worth $430,701. 74.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CMPO. Verition Fund Management LLC purchased a new position in shares of CompoSecure in the third quarter valued at $798,000. Geode Capital Management LLC boosted its position in shares of CompoSecure by 34.1% in the third quarter. Geode Capital Management LLC now owns 585,746 shares of the company’s stock valued at $8,214,000 after acquiring an additional 148,833 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in CompoSecure during the fourth quarter valued at approximately $526,000. JPMorgan Chase & Co. increased its holdings in CompoSecure by 555.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company’s stock worth $728,000 after acquiring an additional 44,018 shares during the period. Finally, Truist Financial Corp lifted its stake in CompoSecure by 286.9% in the 4th quarter. Truist Financial Corp now owns 48,368 shares of the company’s stock worth $741,000 after purchasing an additional 35,868 shares in the last quarter. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

CompoSecure Stock Down 6.5 %

CMPO stock opened at $9.93 on Friday. The firm has a market capitalization of $1.02 billion, a PE ratio of -22.57, a P/E/G ratio of 2.63 and a beta of 0.77. CompoSecure has a twelve month low of $5.98 and a twelve month high of $17.71. The stock’s 50 day moving average is $13.42 and its 200-day moving average is $14.45.

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.