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

CompoSecure (NASDAQ:CMPO) had its price objective dropped by equities research analysts at JPMorgan Chase & Co. from $16.00 to $15.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 36.74% from the stock’s current price.

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

CompoSecure Trading Down 5.1 %

NASDAQ:CMPO opened at $10.97 on Thursday. The company’s 50 day moving average is $14.99 and its two-hundred day moving average is $14.56. The company has a market cap of $966.80 million, a PE ratio of -24.93, a P/E/G ratio of 2.63 and a beta of 0.77. CompoSecure has a twelve month low of $5.58 and a twelve month high of $17.71.

Insider Activity at CompoSecure

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

Hedge Funds Weigh In On CompoSecure

A number of large investors have recently added to or reduced their stakes in CMPO. Wolverine Asset Management LLC acquired a new position in CompoSecure during the third quarter worth $74,000. KLP Kapitalforvaltning AS acquired a new position in CompoSecure during the fourth quarter worth $75,000. FMR LLC raised its position 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 acquired a new position in CompoSecure during the third quarter worth $140,000. Finally, Principal Financial Group Inc. acquired a new position in CompoSecure during the third quarter worth $146,000. 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.