CompoSecure, Inc. (NASDAQ:CMPO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of CompoSecure, Inc. (NASDAQ:CMPO) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $16.19.

CMPO has been the subject of several analyst reports. Lake Street Capital dropped their price target on shares of CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. 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. JPMorgan Chase & Co. reduced their target price on CompoSecure from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Finally, TD Cowen initiated coverage on CompoSecure in a report on Wednesday, December 18th. They set a “buy” rating and a $20.00 price target for the company.

CompoSecure Trading Down 2.4 %

Shares of CMPO opened at $10.67 on Friday. The firm has a 50-day moving average price of $13.63 and a 200 day moving average price of $14.49. CompoSecure has a 12-month low of $5.98 and a 12-month high of $17.71. The firm has a market capitalization of $1.09 billion, a P/E ratio of -24.25, a P/E/G ratio of 2.63 and a beta of 0.77.

Insiders Place Their Bets

In other CompoSecure news, Director Resolute Compo Holdings Llc bought 233,070 shares of CompoSecure stock in a transaction on Thursday, February 20th. The shares were bought at an average cost of $16.57 per share, for a total transaction of $3,861,969.90. Following the acquisition, the director now directly owns 879,963 shares in the company, valued at $14,580,986.91. This represents a 36.03 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Adam Joseph Lowe sold 5,000 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $11.01, for a total transaction of $55,050.00. Following the completion of the transaction, the insider now owns 1,481,036 shares of the company’s stock, valued at approximately $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 ninety days, insiders have bought 704,421 shares of company stock worth $10,929,922 and have sold 34,340 shares worth $430,701. 74.99% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CMPO. Tyro Capital Management LLC purchased a new position in shares of CompoSecure in the 3rd quarter valued at $27,978,000. Capital World Investors purchased a new position in shares of CompoSecure during the fourth quarter worth about $27,387,000. Divisadero Street Capital Management LP purchased a new position in shares of CompoSecure during the fourth quarter worth about $16,075,000. Nine Ten Capital Management LLC purchased a new stake in shares of CompoSecure in the 4th quarter valued at about $13,925,000. Finally, Woodson Capital Management LP purchased a new stake in shares of CompoSecure in the 3rd quarter valued at about $10,795,000. Hedge funds and other institutional investors own 37.56% of the company’s stock.

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.