CompoSecure (NASDAQ:CMPO) Given New $15.00 Price Target at Needham & Company LLC

CompoSecure (NASDAQ:CMPO) had its target price decreased by research analysts at Needham & Company LLC from $16.00 to $15.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price objective indicates a potential upside of 36.74% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Benchmark reissued a “buy” rating and set a $17.00 price target on shares of CompoSecure in a report on Tuesday, November 12th. JPMorgan Chase & Co. increased their price target on shares of CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. TD Cowen assumed coverage on shares of CompoSecure in a report on Wednesday, December 18th. They set a “buy” rating and a $20.00 price target for the company. Finally, B. Riley increased their price target on shares of CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CompoSecure presently has an average rating of “Moderate Buy” and an average price target of $16.19.

CompoSecure Stock Performance

Shares of NASDAQ:CMPO opened at $10.97 on Thursday. The stock has a market capitalization of $966.80 million, a price-to-earnings ratio of -24.93, a PEG ratio of 2.63 and a beta of 0.77. CompoSecure has a one year low of $5.58 and a one year high of $17.71. The company has a 50-day simple moving average of $14.99 and a 200-day simple moving average of $14.56.

Insider Buying and Selling at CompoSecure

In other news, CRO Amanda Mandy Gourbault sold 9,622 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $16.09, for a total value of $154,817.98. Following the sale, the executive now directly owns 821,782 shares in the company, valued at $13,222,472.38. This represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Resolute Compo Holdings Llc purchased 221,186 shares of the stock in a transaction dated Wednesday, February 12th. The stock was acquired at an average price of $15.01 per share, for a total transaction of $3,320,001.86. Following the completion of the transaction, the director now directly owns 221,186 shares of the company’s stock, valued at approximately $3,320,001.86. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 659,376 shares of company stock valued at $10,429,021 and sold 76,872 shares valued at $1,224,846. 74.99% of the stock is currently owned by corporate insiders.

Institutional Trading of CompoSecure

Several large investors have recently modified their holdings of CMPO. Tyro Capital Management LLC acquired a new stake in shares of CompoSecure in the third quarter valued at approximately $27,978,000. Capital World Investors acquired a new stake in shares of CompoSecure in the fourth quarter valued at approximately $27,387,000. Divisadero Street Capital Management LP acquired a new stake in shares of CompoSecure in the fourth quarter valued at approximately $16,075,000. Nine Ten Capital Management LLC acquired a new stake in CompoSecure during the fourth quarter worth approximately $13,925,000. Finally, Woodson Capital Management LP acquired a new stake in CompoSecure during the third quarter worth approximately $10,795,000. 37.56% of the stock is currently owned by institutional investors and hedge funds.

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.