CompoSecure, Inc. (NASDAQ:CMPO) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• CompoSecure, Inc. (NASDAQ:CMPO) has received a consensus rating of "Moderate Buy" from six analysts, with five recommending a buy and one a sell, while the average twelve-month price target is $17.67.
• Recent insider trading includes Director Rebecca Corbin Loree purchasing 5,240 shares at $19.09 each, while CFO Timothy Walter Fitzsimmons sold 100,000 shares at $18.74, representing changes in their positions within the company.
• Institutional investors have shown increased interest in CompoSecure, with hedge funds like Locust Wood Capital Advisers LLC raising their stake by 60.3% in the first quarter, reflecting significant financial backing.

Shares of CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) have received a consensus rating of "Moderate Buy" from the six analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $17.6667.

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $16.00 price target on shares of CompoSecure in a report on Wednesday, August 20th. Benchmark lifted their price target on CompoSecure from $14.00 to $17.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, B. Riley reiterated a "buy" rating and issued a $23.00 price target (up from $17.00) on shares of CompoSecure in a report on Monday, August 18th.

Insiders Place Their Bets

In other news, Director Rebecca Corbin Loree purchased 5,240 shares of the stock in a transaction on Friday, August 29th. The stock was bought at an average price of $19.09 per share, with a total value of $100,031.60. Following the transaction, the director owned 5,240 shares in the company, valued at $100,031.60. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Timothy Walter Fitzsimmons sold 100,000 shares of CompoSecure stock in a transaction dated 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 sale, the chief financial officer directly owned 759,789 shares of the company's stock, valued at approximately $14,238,445.86. This represents a 11.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 217,125 shares of company stock valued at $4,139,550 in the last 90 days. Corporate insiders own 52.10% of the company's stock.

Institutional Trading of CompoSecure

A number of hedge funds have recently modified their holdings of CMPO. Locust Wood Capital Advisers LLC boosted its stake in shares of CompoSecure by 60.3% in the first quarter. Locust Wood Capital Advisers LLC now owns 7,339,015 shares of the company's stock worth $79,775,000 after buying an additional 2,759,872 shares during the last quarter. Corsair Capital Management L.P. purchased a new stake in shares of CompoSecure in the first quarter worth about $19,901,000. Vanguard Group Inc. boosted its stake in shares of CompoSecure by 65.7% in the first quarter. Vanguard Group Inc. now owns 2,337,323 shares of the company's stock worth $25,407,000 after buying an additional 926,389 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in shares of CompoSecure by 319.0% in the second quarter. Jupiter Asset Management Ltd. now owns 570,633 shares of the company's stock worth $8,040,000 after buying an additional 434,456 shares during the last quarter. Finally, Pacer Advisors Inc. purchased a new stake in shares of CompoSecure in the first quarter worth about $4,138,000. Hedge funds and other institutional investors own 37.56% of the company's stock.

CompoSecure Stock Up 2.9%

Shares of NASDAQ CMPO opened at $20.46 on Wednesday. The business has a fifty day simple moving average of $19.34 and a two-hundred day simple moving average of $15.08. The firm has a market cap of $2.09 billion, a PE ratio of -12.18 and a beta of 0.97. CompoSecure has a twelve month low of $9.24 and a twelve month high of $21.00.

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.

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