CompoSecure, Inc. (NASDAQ:CMPO) Receives $16.19 Average Price Target from Brokerages

Shares of CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight ratings firms 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 brokerages that have issued ratings on the stock in the last year is $16.19.

A number of brokerages recently weighed in on CMPO. JPMorgan Chase & Co. cut their price target on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. 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 note on Thursday, March 6th. TD Cowen began coverage on shares of CompoSecure in a research note on Wednesday, December 18th. They set a "buy" rating and a $20.00 price target for the company. Finally, Lake Street Capital dropped their price objective on CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th.

CompoSecure Stock Performance

CMPO traded down $0.21 during midday trading on Friday, reaching $10.72. 274,374 shares of the company were exchanged, compared to its average volume of 1,081,195. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -24.36, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77. The company's fifty day moving average price is $13.73 and its 200 day moving average price is $14.52. CompoSecure has a one year low of $5.98 and a one year high of $17.71.

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Insiders Place Their Bets

In related news, Director Resolute Compo Holdings Llc acquired 221,186 shares of CompoSecure stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average cost of $15.01 per share, with a total value of $3,320,001.86. Following the completion of the purchase, the director now owns 221,186 shares of the company's stock, valued at $3,320,001.86. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph J. Deangelo bought 45,045 shares of the stock in a transaction dated Monday, March 17th. The stock was bought at an average cost of $11.12 per share, with a total value of $500,900.40. Following the purchase, the director now owns 45,045 shares in the company, valued at $500,900.40. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 704,421 shares of company stock worth $10,929,922 and have sold 34,340 shares worth $430,701. Corporate insiders own 74.99% of the company's stock.

Hedge Funds Weigh In On CompoSecure

Institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its stake in shares of CompoSecure by 1,181.9% during the fourth quarter. California State Teachers Retirement System now owns 23,152 shares of the company's stock valued at $355,000 after purchasing an additional 21,346 shares during the period. Ashford Capital Management Inc. purchased a new stake in CompoSecure during the 4th quarter valued at $236,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in CompoSecure during the 4th quarter valued at $177,000. Woodson Capital Management LP grew its holdings in CompoSecure by 62.3% in the 4th quarter. Woodson Capital Management LP now owns 1,250,000 shares of the company's stock worth $19,162,000 after acquiring an additional 480,000 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of CompoSecure by 29.7% in the fourth quarter. Squarepoint Ops LLC now owns 270,145 shares of the company's stock valued at $4,141,000 after acquiring an additional 61,928 shares during the period. 37.56% of the stock is currently owned by institutional investors.

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.