Wall Street Zen Downgrades Composecure (NYSE:GPGI) to Strong Sell

Composecure (NYSE:GPGI) was downgraded by Wall Street Zen from a “sell” rating to a “strong sell” rating in a report released on Sunday.

Several other equities research analysts also recently weighed in on GPGI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Composecure in a research report on Thursday, June 11th. Zacks Research downgraded Composecure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. reduced their price target on Composecure from $22.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.00.

Composecure Trading Up 1.4%

Shares of Composecure stock opened at $14.22 on Friday. The business’s fifty day simple moving average is $13.80. Composecure has a twelve month low of $11.22 and a twelve month high of $26.78. The stock has a market cap of $4.12 billion, a PE ratio of -5.93 and a beta of 0.84.

Composecure (NYSE:GPGI) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $421.20 million during the quarter. During the same period in the prior year, the company posted $0.25 EPS. On average, analysts predict that Composecure will post 0.9 earnings per share for the current year.

Insider Transactions at Composecure

In other Composecure news, insider Thomas R. Knott bought 85,250 shares of the stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of $11.67 per share, for a total transaction of $994,867.50. Following the completion of the purchase, the insider directly owned 129,250 shares of the company’s stock, valued at approximately $1,508,347.50. The trade was a 193.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Rebecca Corbin Loree bought 3,925 shares of the stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average price of $12.87 per share, with a total value of $50,514.75. Following the completion of the purchase, the director directly owned 63,220 shares of the company’s stock, valued at approximately $813,641.40. This represents a 6.62% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 105,237 shares of company stock worth $1,245,734 over the last three months. Insiders own 18.40% of the company’s stock.

About Composecure

CompoSecure, Inc manufactures and designs metal, plastic, composite ID, 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 comprise the Arculus Key card Cold Storage hardware device and companion Arculus Wallet mobile App to keep the Private Key in the Arculus Key card highly secure and store cryptocurrency and digital assets.