Needham & Company LLC Increases CompoSecure (NASDAQ:CMPO) Price Target to $22.00

Key Points

• Needham & Company LLC has raised its price target for CompoSecure (NASDAQ:CMPO) from $18.00 to $22.00, indicating a potential upside of 11.41% from the previous close.
• Five research analysts currently rate CompoSecure with a Buy rating, while one has issued a Sell rating, reflecting overall market confidence in the company's performance.
• Insider transactions included a director acquiring 5,240 shares and the COO selling 97,226 shares, highlighting varied insider sentiment towards the company.

CompoSecure (NASDAQ:CMPO - Get Free Report) had its price objective raised by investment analysts at Needham & Company LLC from $18.00 to $22.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Needham & Company LLC's price objective would indicate a potential upside of 11.41% from the company's previous close.

Other research analysts also recently issued reports about the company. B. Riley reiterated a "buy" rating and set a $23.00 target price (up from $17.00) on shares of CompoSecure in a research note on Monday, August 18th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $16.00 target price on shares of CompoSecure in a research note on Wednesday, August 20th. Finally, Benchmark boosted their price target on CompoSecure from $17.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday, October 15th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $20.00.

CompoSecure Trading Up 0.1%

Shares of NASDAQ CMPO opened at $19.75 on Thursday. CompoSecure has a 12 month low of $9.24 and a 12 month high of $21.00. The stock has a 50 day moving average of $19.68 and a 200-day moving average of $15.43. The company has a market capitalization of $2.02 billion, a P/E ratio of -11.75 and a beta of 0.97.

Insider Transactions at CompoSecure

In related news, Director Rebecca Corbin Loree bought 5,240 shares of the company's stock in a transaction dated Friday, August 29th. The shares were bought at an average price of $19.09 per share, for a total transaction of $100,031.60. Following the completion of the acquisition, the director directly owned 5,240 shares of the company's stock, valued at $100,031.60. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Gregoire Maes sold 97,226 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $19.36, for a total value of $1,882,295.36. Following the completion of the transaction, the chief operating officer owned 779,062 shares in the company, valued at $15,082,640.32. This represents a 11.10% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 217,125 shares of company stock worth $4,139,550. 52.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Raymond James Financial Inc. lifted its holdings in shares of CompoSecure by 4.2% in the second quarter. Raymond James Financial Inc. now owns 15,825 shares of the company's stock valued at $223,000 after purchasing an additional 639 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in CompoSecure by 25.8% during the second quarter. Tower Research Capital LLC TRC now owns 3,478 shares of the company's stock worth $49,000 after acquiring an additional 713 shares during the period. Blue Trust Inc. lifted its holdings in CompoSecure by 3.7% during the third quarter. Blue Trust Inc. now owns 25,867 shares of the company's stock worth $539,000 after acquiring an additional 934 shares during the period. California State Teachers Retirement System increased its position in CompoSecure by 4.0% in the second quarter. California State Teachers Retirement System now owns 24,089 shares of the company's stock worth $339,000 after buying an additional 937 shares during the last quarter. Finally, AlphaQuest LLC increased its position in CompoSecure by 15.0% in the second quarter. AlphaQuest LLC now owns 7,625 shares of the company's stock worth $107,000 after buying an additional 994 shares during the last quarter. Institutional investors own 37.56% of the company's stock.

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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