Brokerages Set CompoSecure, Inc. (NASDAQ:CMPO) PT at $17.67

Key Points

• CompoSecure, Inc. (NASDAQ:CMPO) has received a consensus rating of "Moderate Buy" from six brokerages, with one sell rating and five buy ratings.
• Analysts have set an average target price of $17.67 for the stock, with Benchmark and B. Riley recently raising their price targets to $17.00 and $23.00 respectively.
• The company's COO sold over 97,000 shares for approximately $1.88 million, resulting in an 11.10% decrease in their ownership of the stock.

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $17.6667.

A number of brokerages recently commented on CMPO. JPMorgan Chase & Co. restated an "underweight" rating and issued a $16.00 target price on shares of CompoSecure in a research note on Wednesday, August 20th. B. Riley reissued a "buy" rating and set a $23.00 price objective (up from $17.00) on shares of CompoSecure in a report on Monday, August 18th. Finally, Benchmark boosted their target price on CompoSecure from $14.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, August 8th.

CompoSecure Price Performance

Shares of NASDAQ CMPO traded up $0.43 during mid-day trading on Friday, hitting $20.69. The company had a trading volume of 105,147 shares, compared to its average volume of 958,781. The business's 50-day simple moving average is $17.46 and its 200-day simple moving average is $14.08. The firm has a market cap of $2.12 billion, a P/E ratio of -12.32 and a beta of 0.96. CompoSecure has a 12 month low of $9.24 and a 12 month high of $20.86.

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 owned 759,789 shares in the company, valued at approximately $14,238,445.86. This trade represents a 11.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Rebecca Corbin Loree acquired 5,240 shares of the company's stock in a transaction that occurred 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 directly owned 5,240 shares in the company, valued at $100,031.60. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 217,125 shares of company stock worth $4,139,550 in the last quarter. Insiders own 52.10% of the company's stock.

Hedge Funds Weigh In On CompoSecure

Several large investors have recently bought and sold shares of CMPO. GAMMA Investing LLC boosted its position in shares of CompoSecure by 1,524.4% in the 1st quarter. GAMMA Investing LLC now owns 2,794 shares of the company's stock worth $30,000 after purchasing an additional 2,622 shares during the last quarter. MorganRosel Wealth Management LLC acquired a new stake in shares of CompoSecure during the first quarter worth about $43,000. Tower Research Capital LLC TRC lifted its stake in 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 in the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of CompoSecure by 80.0% during the second quarter. Ameritas Investment Partners Inc. now owns 4,488 shares of the company's stock worth $63,000 after acquiring an additional 1,995 shares during the period. Finally, AlphaQuest LLC bought a new stake in CompoSecure in the 1st quarter valued at $72,000. 37.56% of the stock is currently owned by institutional investors and hedge funds.

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.