Analysts Set CompoSecure, Inc. (NASDAQ:CMPO) Target Price at $17.67

Shares of CompoSecure, Inc. (NASDAQ:CMPO) have received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $17.6667.

Several research firms have recently commented on CMPO. Wall Street Zen downgraded CompoSecure from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. B. Riley reiterated a “buy” rating and set a $23.00 price target (up previously from $17.00) on shares of CompoSecure in a report on Monday, August 18th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $16.00 price target on shares of CompoSecure in a report on Wednesday, August 20th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of CompoSecure in a report on Tuesday, May 13th. Finally, Benchmark upped their price target on CompoSecure from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, August 8th.

Insiders Place Their Bets

In other CompoSecure news, Director Kevin M. Moriarty acquired 13,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were acquired at an average price of $19.28 per share, with a total value of $250,640.00. Following the completion of the transaction, the director owned 13,000 shares in the company, valued at approximately $250,640. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Gregoire Maes sold 97,226 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $19.36, for a total value of $1,882,295.36. Following the completion of the transaction, the chief operating officer directly owned 779,062 shares in the company, valued at approximately $15,082,640.32. This represents a 11.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 217,125 shares of company stock valued at $4,139,550. Insiders own 52.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. boosted its position in CompoSecure by 4.2% in the second quarter. Raymond James Financial Inc. now owns 15,825 shares of the company’s stock worth $223,000 after purchasing an additional 639 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of CompoSecure by 25.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,478 shares of the company’s stock valued at $49,000 after buying an additional 713 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of CompoSecure by 4.0% during the 2nd quarter. California State Teachers Retirement System now owns 24,089 shares of the company’s stock valued at $339,000 after buying an additional 937 shares during the last quarter. AlphaQuest LLC lifted its position in shares of CompoSecure by 15.0% during the 2nd quarter. AlphaQuest LLC now owns 7,625 shares of the company’s stock valued at $107,000 after buying an additional 994 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of CompoSecure by 9.0% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,363 shares of the company’s stock valued at $174,000 after buying an additional 1,024 shares during the last quarter. Hedge funds and other institutional investors own 37.56% of the company’s stock.

CompoSecure Stock Down 3.2%

NASDAQ CMPO opened at $19.12 on Tuesday. The company has a market cap of $1.96 billion, a price-to-earnings ratio of -11.38 and a beta of 0.94. CompoSecure has a 52 week low of $9.24 and a 52 week high of $20.14. The business has a 50 day moving average price of $15.89 and a 200-day moving average price of $13.57.

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.