CompoSecure, Inc. (NASDAQ:CMPO) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eight research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $16.19.

A number of equities research analysts have commented on the company. Needham & Company LLC reduced their target price on CompoSecure from $16.00 to $15.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Lake Street Capital lowered their price target on shares of CompoSecure from $18.00 to $15.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th.

CompoSecure Stock Performance

CompoSecure stock traded up $0.10 during midday trading on Wednesday, reaching $10.89. The company's stock had a trading volume of 505,527 shares, compared to its average volume of 824,506. CompoSecure has a fifty-two week low of $5.98 and a fifty-two week high of $17.71. The stock's 50 day simple moving average is $11.51 and its 200 day simple moving average is $14.05. The firm has a market capitalization of $1.11 billion, a PE ratio of -24.75, a P/E/G ratio of 2.63 and a beta of 0.87.

Insiders Place Their Bets

In other news, insider Adam Joseph Lowe sold 5,000 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $11.01, for a total value of $55,050.00. Following the completion of the sale, the insider now owns 1,481,036 shares of the company's stock, valued at $16,306,206.36. This represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Resolute Compo Holdings Llc acquired 205,120 shares of the company's stock in a transaction dated Friday, February 14th. The stock was acquired at an average cost of $15.83 per share, with a total value of $3,247,049.60. Following the transaction, the director now directly owns 646,893 shares of the company's stock, valued at approximately $10,240,316.19. This represents a 46.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 704,421 shares of company stock valued at $10,929,922 and have sold 34,340 shares valued at $430,701. 74.99% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CompoSecure

Several large investors have recently made changes to their positions in CMPO. Geode Capital Management LLC grew its holdings in CompoSecure by 34.1% during the 3rd quarter. Geode Capital Management LLC now owns 585,746 shares of the company's stock valued at $8,214,000 after purchasing an additional 148,833 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in CompoSecure during the 4th quarter valued at $526,000. JPMorgan Chase & Co. grew its holdings in CompoSecure by 555.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company's stock valued at $728,000 after purchasing an additional 44,018 shares in the last quarter. Truist Financial Corp grew its holdings in CompoSecure by 286.9% during the 4th quarter. Truist Financial Corp now owns 48,368 shares of the company's stock valued at $741,000 after purchasing an additional 35,868 shares in the last quarter. Finally, State Street Corp grew its holdings in CompoSecure by 20.1% during the 3rd quarter. State Street Corp now owns 395,691 shares of the company's stock valued at $5,548,000 after purchasing an additional 66,232 shares in 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.