JPMorgan Chase & Co. Has Lowered Expectations for CompoSecure (NASDAQ:CMPO) Stock Price

CompoSecure (NASDAQ:CMPO) had its target price cut by JPMorgan Chase & Co. from $16.00 to $15.00 in a research note released on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts also recently issued research reports about the stock. Benchmark reiterated a “buy” rating and set a $17.00 target price on shares of CompoSecure in a research report on Tuesday, November 12th. Needham & Company LLC dropped their target price on shares of CompoSecure from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday. TD Cowen initiated coverage on shares of CompoSecure in a research report on Wednesday, December 18th. They set a “buy” rating and a $20.00 target price on the stock. Finally, B. Riley boosted their target price on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.19.

CompoSecure Stock Performance

Shares of NASDAQ CMPO opened at $10.97 on Thursday. The company has a market capitalization of $966.80 million, a P/E ratio of -24.93, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77. CompoSecure has a 52-week low of $5.58 and a 52-week high of $17.71. The company’s 50 day moving average price is $14.99 and its 200-day moving average price is $14.58.

Insider Buying and Selling at CompoSecure

In other news, insider Adam Joseph Lowe sold 66,350 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $15.91, for a total value of $1,055,628.50. Following the completion of the sale, the insider now owns 1,358,692 shares in the company, valued at $21,616,789.72. This represents a 4.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Resolute Compo Holdings Llc bought 233,070 shares of CompoSecure stock in a transaction dated Thursday, February 20th. The stock was purchased at an average price of $16.57 per share, with a total value of $3,861,969.90. Following the purchase, the director now owns 879,963 shares in the company, valued at approximately $14,580,986.91. This represents a 36.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 659,376 shares of company stock worth $10,429,021 and sold 76,872 shares worth $1,224,846. 74.99% of the stock is currently owned by company insiders.

Institutional Trading of CompoSecure

Several institutional investors have recently made changes to their positions in the company. Locust Wood Capital Advisers LLC grew its stake in shares of CompoSecure by 19.1% in the 4th quarter. Locust Wood Capital Advisers LLC now owns 4,579,143 shares of the company’s stock worth $70,198,000 after acquiring an additional 734,202 shares in the last quarter. Bleichroeder LP lifted its holdings in CompoSecure by 1.6% during the fourth quarter. Bleichroeder LP now owns 3,856,966 shares of the company’s stock valued at $59,127,000 after purchasing an additional 59,416 shares during the last quarter. Cannell Capital LLC lifted its holdings in CompoSecure by 8.0% during the fourth quarter. Cannell Capital LLC now owns 2,278,726 shares of the company’s stock valued at $34,933,000 after purchasing an additional 169,067 shares during the last quarter. Tyro Capital Management LLC lifted its holdings in CompoSecure by 1.2% during the fourth quarter. Tyro Capital Management LLC now owns 2,019,078 shares of the company’s stock valued at $30,952,000 after purchasing an additional 23,468 shares during the last quarter. Finally, Capital World Investors purchased a new stake in CompoSecure during the fourth quarter valued at about $27,387,000. 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.