CompoSecure (NASDAQ:CMPO) Receives Underweight Rating from JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reaffirmed its "underweight" rating for CompoSecure (CMPO) with a target price of $16.00, indicating a potential downside of 12.09% from its last closing price.
• Multiple analysts have varying ratings on CompoSecure, with five giving it a "buy" rating and one issuing a "sell" rating, while the consensus target price stands at $17.67.
• Recent insider transactions revealed that CFO Timothy Walter Fitzsimmons sold 100,000 shares, reducing his ownership by 11.63%, while Director Kevin M. Moriarty purchased 13,000 shares.

CompoSecure (NASDAQ:CMPO - Get Free Report)'s stock had its "underweight" rating reaffirmed by analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday, MarketBeat.com reports. They presently have a $16.00 price objective on the stock. JPMorgan Chase & Co.'s price objective points to a potential downside of 19.35% from the company's current price.

CMPO has been the topic of several other research reports. Wall Street Zen downgraded CompoSecure from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. B. Riley reaffirmed a "buy" rating and set a $23.00 target price (up previously from $17.00) on shares of CompoSecure in a research note on Monday. Benchmark lifted their target price on CompoSecure from $14.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 target price on shares of CompoSecure in a research note on Tuesday, May 13th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $17.67.

CompoSecure Price Performance

Shares of NASDAQ CMPO traded up $0.56 during mid-day trading on Wednesday, hitting $19.84. The company had a trading volume of 1,898,710 shares, compared to its average volume of 1,156,329. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of -11.81 and a beta of 0.94. CompoSecure has a 12 month low of $9.24 and a 12 month high of $20.02. The firm's 50 day simple moving average is $15.32 and its two-hundred day simple moving average is $13.43.

Insider Buying and Selling

In related news, COO Gregoire Maes sold 97,226 shares of CompoSecure stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $19.36, for a total value of $1,882,295.36. Following the transaction, the chief operating officer directly owned 779,062 shares in the company, valued at $15,082,640.32. The trade was a 11.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kevin M. Moriarty bought 13,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was bought at an average price of $19.28 per share, for a total transaction of $250,640.00. Following the completion of the acquisition, the director directly owned 13,000 shares in the company, valued at approximately $250,640. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 217,125 shares of company stock worth $4,139,550 in the last three months. 52.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CompoSecure

A number of hedge funds have recently modified their holdings of the stock. Locust Wood Capital Advisers LLC grew its holdings in shares of CompoSecure by 11.2% in the 2nd quarter. Locust Wood Capital Advisers LLC now owns 8,158,327 shares of the company's stock worth $114,951,000 after acquiring an additional 819,312 shares during the last quarter. Bleichroeder LP grew its holdings in shares of CompoSecure by 1.6% during the fourth quarter. Bleichroeder LP now owns 3,856,966 shares of the company's stock valued at $59,127,000 after buying an additional 59,416 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of CompoSecure by 65.7% during the first quarter. Vanguard Group Inc. now owns 2,337,323 shares of the company's stock valued at $25,407,000 after buying an additional 926,389 shares in the last quarter. Tyro Capital Management LLC grew its holdings in shares of CompoSecure by 1.2% during the fourth quarter. Tyro Capital Management LLC now owns 2,019,078 shares of the company's stock valued at $30,952,000 after buying an additional 23,468 shares in the last quarter. Finally, Corsair Capital Management L.P. purchased a new position in shares of CompoSecure during the first quarter valued at $19,901,000. 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.