CompoSecure (NASDAQ:CMPO) Price Target Raised to $16.00

CompoSecure (NASDAQ:CMPO) had its price objective upped by JPMorgan Chase & Co. from $12.00 to $16.00 in a research report released on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other brokerages have also issued reports on CMPO. Compass Point boosted their target price on CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price objective on shares of CompoSecure in a research report on Monday, November 11th. Bank of America lifted their target price on CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. B. Riley upped 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. Finally, Lake Street Capital lifted their price objective on shares of CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, CompoSecure presently has an average rating of “Moderate Buy” and an average price target of $16.36.

CompoSecure Stock Performance

NASDAQ CMPO opened at $16.15 on Monday. The company has a market cap of $1.42 billion, a P/E ratio of -36.70, a P/E/G ratio of 1.26 and a beta of 0.76. The business’s 50 day moving average price is $14.74 and its 200-day moving average price is $10.79. CompoSecure has a fifty-two week low of $4.61 and a fifty-two week high of $16.39.

CompoSecure (NASDAQ:CMPO) last announced its earnings results on Friday, November 8th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $107.14 million during the quarter, compared to analysts’ expectations of $105.11 million. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. During the same period in the prior year, the company posted $0.24 EPS. As a group, equities analysts predict that CompoSecure will post 1.02 EPS for the current year.

Insider Buying and Selling

In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total transaction of $75,635,771.65. Following the sale, the director now owns 2,043,320 shares of the company’s stock, valued at approximately $15,427,066. This trade represents a 83.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam Joseph Lowe sold 5,730 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $12.05, for a total value of $69,046.50. Following the completion of the transaction, the insider now directly owns 1,292,219 shares of the company’s stock, valued at approximately $15,571,238.95. The trade was a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,666,590 shares of company stock valued at $80,774,821 over the last three months. 74.99% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Woodson Capital Management LP purchased a new stake in CompoSecure during the third quarter valued at approximately $10,795,000. Concentric Capital Strategies LP purchased a new stake in shares of CompoSecure during the 3rd quarter valued at $5,445,000. Progeny 3 Inc. acquired a new stake in shares of CompoSecure in the 3rd quarter worth $5,243,000. Pacific Ridge Capital Partners LLC grew its stake in CompoSecure by 146.9% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock worth $3,308,000 after buying an additional 289,451 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new position in CompoSecure during the 3rd quarter valued at about $3,766,000. Hedge funds and other 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.