CompoSecure (NASDAQ:CMPO) Shares Gap Down on Analyst Downgrade

Shares of CompoSecure, Inc. (NASDAQ:CMPO) gapped down before the market opened on Thursday after Lake Street Capital lowered their price target on the stock from $18.00 to $15.00. The stock had previously closed at $12.02, but opened at $11.20. Lake Street Capital currently has a buy rating on the stock. CompoSecure shares last traded at $11.42, with a volume of 483,650 shares changing hands.

A number of other analysts have also recently issued reports on CMPO. TD Cowen assumed coverage on CompoSecure in a report on Wednesday, December 18th. They set a “buy” rating and a $20.00 target price for the company. JPMorgan Chase & Co. decreased their price objective on shares of CompoSecure from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday. 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 report on Monday, November 11th. Needham & Company LLC reduced their target price on shares of CompoSecure from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Benchmark reaffirmed a “buy” rating and set a $17.00 price target on shares of CompoSecure in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, CompoSecure currently has a consensus rating of “Moderate Buy” and an average price target of $16.19.

Insider Transactions at CompoSecure

In other CompoSecure news, CRO Amanda Mandy Gourbault sold 9,622 shares of CompoSecure stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $16.09, for a total transaction of $154,817.98. Following the sale, the executive now directly owns 821,782 shares in the company, valued at $13,222,472.38. The trade was a 1.16 % 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, Director Resolute Compo Holdings Llc bought 233,070 shares of CompoSecure stock in a transaction dated Thursday, February 20th. The shares were acquired at an average price of $16.57 per share, with a total value of $3,861,969.90. Following the completion of the purchase, the director now owns 879,963 shares in the company, valued at approximately $14,580,986.91. The trade was a 36.03 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 659,376 shares of company stock valued at $10,429,021 and have sold 76,872 shares valued at $1,224,846. Corporate insiders own 74.99% of the company’s stock.

Institutional Trading of CompoSecure

A number of hedge funds and other institutional investors have recently made changes to their positions in CMPO. Wealth Enhancement Advisory Services LLC boosted its stake in CompoSecure by 1.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 40,944 shares of the company’s stock valued at $574,000 after acquiring an additional 701 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of CompoSecure by 9.3% in the 4th quarter. Principal Financial Group Inc. now owns 11,399 shares of the company’s stock valued at $175,000 after purchasing an additional 967 shares in the last quarter. Bard Associates Inc. lifted its position in shares of CompoSecure by 0.6% during the third 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 last quarter. First Trust Advisors LP grew its stake in CompoSecure by 2.2% in the fourth quarter. First Trust Advisors LP now owns 100,124 shares of the company’s stock worth $1,535,000 after purchasing an additional 2,149 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in CompoSecure by 1.9% in the fourth quarter. Ameriprise Financial Inc. now owns 133,399 shares of the company’s stock worth $2,045,000 after purchasing an additional 2,521 shares in the last quarter. Institutional investors own 37.56% of the company’s stock.

CompoSecure Price Performance

The company has a fifty day moving average of $15.09 and a two-hundred day moving average of $14.56. The stock has a market capitalization of $1.02 billion, a P/E ratio of -26.27, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77.

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.