CompoSecure (NASDAQ:CMPO) Trading Down 5.4% – Time to Sell?

Shares of CompoSecure, Inc. (NASDAQ:CMPO) traded down 5.4% during trading on Thursday . The company traded as low as $13.42 and last traded at $13.48. 501,025 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 469,991 shares. The stock had previously closed at $14.25.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CMPO. Compass Point increased their price objective on CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Lake Street Capital increased their target price on CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Needham & Company LLC lifted their price target on CompoSecure from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. boosted their price objective on CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Finally, Benchmark lifted their target price on shares of CompoSecure from $12.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.07.

CompoSecure Stock Performance

The stock has a market capitalization of $1.15 billion, a PE ratio of 14.74, a PEG ratio of 1.05 and a beta of 0.78. The company’s 50-day moving average price is $12.10 and its 200 day moving average price is $8.73.

CompoSecure (NASDAQ:CMPO) last released its earnings results on Wednesday, August 7th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $108.57 million during the quarter, compared to analysts’ expectations of $102.22 million. CompoSecure had a negative return on equity of 11.78% and a net margin of 6.33%. During the same quarter last year, the business posted $0.25 EPS. Analysts expect that CompoSecure, Inc. will post 1.1 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Adam Joseph Lowe sold 45,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $11.06, for a total transaction of $497,700.00. Following the sale, the insider now owns 1,292,219 shares of the company’s stock, valued at $14,291,942.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Adam Joseph Lowe sold 45,000 shares of CompoSecure stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $11.06, for a total value of $497,700.00. Following the completion of the transaction, the insider now owns 1,292,219 shares of the company’s stock, valued at $14,291,942.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Amanda Mandy Gourbault sold 130,859 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $11.08, for a total transaction of $1,449,917.72. Following the sale, the executive now directly owns 908,641 shares in the company, valued at $10,067,742.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,867,586 shares of company stock worth $82,870,442 in the last three months. 74.99% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Pacific Ridge Capital Partners LLC bought a new position in CompoSecure during the 1st quarter valued at about $1,424,000. Boston Partners boosted its holdings in CompoSecure by 40.8% in the first quarter. Boston Partners now owns 557,136 shares of the company’s stock worth $4,028,000 after purchasing an additional 161,333 shares during the last quarter. Bailard Inc. bought a new stake in CompoSecure in the 2nd quarter worth approximately $259,000. Renaissance Technologies LLC raised its stake in CompoSecure by 165.4% during the 2nd quarter. Renaissance Technologies LLC now owns 209,389 shares of the company’s stock valued at $1,424,000 after buying an additional 130,489 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of CompoSecure by 17.3% during the 2nd quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock valued at $133,000 after buying an additional 2,877 shares during the period. 37.56% of the stock is owned by institutional investors.

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.