CompoSecure, Inc. (NASDAQ:CMPO) Receives $16.81 Average Price Target from Analysts

CompoSecure, Inc. (NASDAQ:CMPO) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $16.81.

A number of analysts have recently issued reports on the stock. B. Riley increased their price objective on shares of CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their target price on shares of CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Benchmark reaffirmed a “buy” rating and set a $17.00 target price on shares of CompoSecure in a research note on Tuesday, November 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of CompoSecure in a research note on Monday, November 11th. Finally, TD Cowen assumed coverage on shares of CompoSecure in a research note on Wednesday, December 18th. They set a “buy” rating and a $20.00 target price for the company.

Insiders Place Their Bets

In other CompoSecure news, COO Gregoire Maes sold 55,137 shares of CompoSecure stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.40, for a total value of $904,246.80. Following the completion of the transaction, the chief operating officer now directly owns 762,009 shares of the company’s stock, valued at $12,496,947.60. This trade represents a 6.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Adam Joseph Lowe sold 66,350 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $15.91, for a total transaction of $1,055,628.50. Following the completion of the sale, the insider now owns 1,358,692 shares of the company’s stock, valued at $21,616,789.72. This trade represents a 4.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 180,660 shares of company stock valued at $2,921,066 in the last three months. Corporate insiders own 74.99% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

A number of large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of CompoSecure by 1.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 40,944 shares of the company’s stock worth $574,000 after purchasing an additional 701 shares during the period. Principal Financial Group Inc. boosted its stake in shares of CompoSecure by 9.3% during the 4th quarter. Principal Financial Group Inc. now owns 11,399 shares of the company’s stock worth $175,000 after purchasing an additional 967 shares during the period. CWM LLC boosted its stake in shares of CompoSecure by 42.0% during the 3rd quarter. CWM LLC now owns 5,192 shares of the company’s stock worth $73,000 after purchasing an additional 1,536 shares during the period. Bard Associates Inc. boosted its stake in shares of CompoSecure by 0.6% during the 3rd quarter. Bard Associates Inc. now owns 305,247 shares of the company’s stock worth $4,280,000 after purchasing an additional 1,957 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of CompoSecure by 33.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,201 shares of the company’s stock worth $161,000 after purchasing an additional 2,547 shares during the period. 37.56% of the stock is owned by hedge funds and other institutional investors.

CompoSecure Price Performance

Shares of NASDAQ CMPO opened at $15.73 on Friday. The firm has a fifty day moving average price of $15.48 and a 200-day moving average price of $13.97. The stock has a market cap of $1.39 billion, a PE ratio of -35.75, a price-to-earnings-growth ratio of 2.51 and a beta of 0.78. CompoSecure has a 1 year low of $4.61 and a 1 year high of $17.03.

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.