CompoSecure (NASDAQ:CMPO) Price Target Raised to $22.00 at Needham & Company LLC

CompoSecure (NASDAQ:CMPO) had its target price boosted by research analysts at Needham & Company LLC from $18.00 to $22.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price objective suggests a potential upside of 11.41% from the company’s current price.

Several other brokerages have also recently weighed in on CMPO. Benchmark lifted their price target on CompoSecure from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. B. Riley reiterated a “buy” rating and issued a $23.00 price target (up from $17.00) on shares of CompoSecure in a research report on Monday, August 18th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $16.00 price target on shares of CompoSecure in a research report on Wednesday, August 20th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.00.

CompoSecure Price Performance

NASDAQ:CMPO opened at $19.75 on Thursday. The company has a market capitalization of $2.02 billion, a P/E ratio of -11.75 and a beta of 0.97. CompoSecure has a 1 year low of $9.24 and a 1 year high of $21.00. The business has a fifty day simple moving average of $19.68 and a two-hundred day simple moving average of $15.43.

Insider Transactions at CompoSecure

In other news, Director Kevin M. Moriarty purchased 13,000 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was purchased at an average price of $19.28 per share, with a total value of $250,640.00. Following the completion of the purchase, the director directly owned 13,000 shares in the company, valued at approximately $250,640. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Gregoire Maes sold 97,226 shares of CompoSecure stock in a transaction dated 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 sale, the chief operating officer directly owned 779,062 shares of the company’s stock, valued at approximately $15,082,640.32. This trade represents a 11.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 217,125 shares of company stock worth $4,139,550. 52.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CompoSecure

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Locust Wood Capital Advisers LLC raised its position in CompoSecure by 60.3% during the 1st quarter. Locust Wood Capital Advisers LLC now owns 7,339,015 shares of the company’s stock valued at $79,775,000 after purchasing an additional 2,759,872 shares during the last quarter. Corsair Capital Management L.P. bought a new position in shares of CompoSecure during the 1st quarter valued at $19,901,000. Vanguard Group Inc. lifted its holdings in shares of CompoSecure by 65.7% during the 1st quarter. Vanguard Group Inc. now owns 2,337,323 shares of the company’s stock valued at $25,407,000 after buying an additional 926,389 shares during the period. Jupiter Asset Management Ltd. lifted its holdings in shares of CompoSecure by 319.0% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 570,633 shares of the company’s stock valued at $8,040,000 after buying an additional 434,456 shares during the period. Finally, Pacer Advisors Inc. bought a new position in shares of CompoSecure during the 1st quarter valued at $4,138,000. 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.