CompoSecure, Inc. (NASDAQ:CMPO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of CompoSecure, Inc. (NASDAQ:CMPO) have received an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $16.19.

A number of equities analysts recently issued reports on the stock. TD Cowen began coverage on shares of CompoSecure in a research note on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price target for the company. JPMorgan Chase & Co. decreased their target price on CompoSecure from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Lake Street Capital reduced their price target on CompoSecure from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Finally, Needham & Company LLC lowered their price objective on CompoSecure from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, March 6th.

CompoSecure Trading Down 3.1 %

Shares of NASDAQ CMPO opened at $10.94 on Friday. The firm has a fifty day simple moving average of $13.88 and a two-hundred day simple moving average of $14.50. CompoSecure has a 12 month low of $5.98 and a 12 month high of $17.71. The firm has a market capitalization of $1.12 billion, a PE ratio of -24.86, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77.

Insider Transactions at CompoSecure

In other news, Director Joseph J. Deangelo bought 45,045 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were purchased at an average price of $11.12 per share, for a total transaction of $500,900.40. Following the completion of the purchase, the director now owns 45,045 shares in the company, valued at approximately $500,900.40. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam Joseph Lowe sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $11.01, for a total transaction of $55,050.00. Following the sale, the insider now directly owns 1,481,036 shares of the company’s stock, valued at $16,306,206.36. This trade represents a 0.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 704,421 shares of company stock valued at $10,929,922 and have sold 34,340 shares valued at $430,701. Insiders own 74.99% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Verition Fund Management LLC purchased a new position in CompoSecure in the 3rd quarter worth about $798,000. Geode Capital Management LLC grew its stake in shares of CompoSecure by 34.1% in the third quarter. Geode Capital Management LLC now owns 585,746 shares of the company’s stock worth $8,214,000 after acquiring an additional 148,833 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of CompoSecure during the fourth quarter valued at approximately $526,000. JPMorgan Chase & Co. lifted its position in CompoSecure by 555.0% during the third quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company’s stock valued at $728,000 after purchasing an additional 44,018 shares during the period. Finally, Truist Financial Corp grew its position in CompoSecure by 286.9% in the 4th quarter. Truist Financial Corp now owns 48,368 shares of the company’s stock worth $741,000 after purchasing an additional 35,868 shares during the period. 37.56% of the stock is owned by institutional investors.

CompoSecure Company Profile

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.