CompoSecure, Inc. (NASDAQ:CMPO) Given Consensus Rating of “Moderate Buy” by Brokerages

CompoSecure, Inc. (NASDAQ:CMPO) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $16.81.

A number of brokerages have weighed in on CMPO. Benchmark reiterated a “buy” rating and issued a $17.00 target price on shares of CompoSecure in a report on Tuesday, November 12th. TD Cowen began coverage on CompoSecure in a report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 target price on shares of CompoSecure in a report on Monday, November 11th. B. Riley lifted their target price on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their target price on CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd.

CompoSecure Stock Performance

Shares of CMPO stock opened at $12.15 on Tuesday. The company has a market cap of $1.07 billion, a P/E ratio of -27.61, a PEG ratio of 2.63 and a beta of 0.78. The stock has a 50 day simple moving average of $15.33 and a two-hundred day simple moving average of $14.59. CompoSecure has a fifty-two week low of $4.61 and a fifty-two week high of $17.71.

Insider Buying and Selling at CompoSecure

In related 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 transaction, the executive now owns 821,782 shares of the company’s stock, valued at $13,222,472.38. The trade was a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Resolute Compo Holdings Llc bought 233,070 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 879,963 shares of the company’s stock, valued at $14,580,986.91. The trade was a 36.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 659,376 shares of company stock valued at $10,429,021 and sold 166,319 shares valued at $2,686,288. Insiders own 74.99% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Wolverine Asset Management LLC purchased a new position in shares of CompoSecure during the third quarter valued at approximately $74,000. KLP Kapitalforvaltning AS bought a new stake in CompoSecure during the fourth quarter worth $75,000. FMR LLC lifted its holdings in CompoSecure by 693.0% during the third quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after acquiring an additional 5,156 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in CompoSecure during the third quarter worth $140,000. Finally, Principal Financial Group Inc. bought a new stake in CompoSecure during the third quarter worth $146,000. Hedge funds and other institutional investors own 37.56% of the company’s stock.

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.