CompoSecure (NASDAQ:CMPO) Receives Buy Rating from Needham & Company LLC

CompoSecure (NASDAQ:CMPO - Get Free Report)'s stock had its "buy" rating reissued by analysts at Needham & Company LLC in a report issued on Monday,Benzinga reports. They presently have a $16.00 price target on the stock. Needham & Company LLC's target price would indicate a potential upside of 13.23% from the stock's previous close.

CMPO has been the subject of a number of other reports. Benchmark upped their price objective on CompoSecure from $12.00 to $17.00 and gave the stock a "buy" rating in a report on Wednesday, September 18th. Lake Street Capital upped their price objective on CompoSecure from $14.00 to $18.00 and gave the stock a "buy" rating in a report on Wednesday, October 2nd. Bank of America upped their price objective on CompoSecure from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Thursday, August 8th. JPMorgan Chase & Co. increased their price target on CompoSecure from $8.00 to $12.00 and gave the company a "neutral" rating in a report on Tuesday, August 20th. Finally, Compass Point increased their price target on CompoSecure from $11.50 to $14.50 and gave the company a "buy" rating in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $15.79.

CompoSecure Trading Up 1.4 %

Shares of CompoSecure stock traded up $0.19 during trading hours on Monday, reaching $14.13. 888,138 shares of the company's stock were exchanged, compared to its average volume of 523,066. CompoSecure has a 52-week low of $4.61 and a 52-week high of $16.14. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -31.41, a price-to-earnings-growth ratio of 1.03 and a beta of 0.76. The company has a fifty day moving average of $13.88 and a 200-day moving average of $9.93.

Insiders Place Their Bets

In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $75,635,771.65. Following the sale, the director now owns 2,043,320 shares in the company, valued at approximately $15,427,066. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jonathan Wilk sold 618,014 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total transaction of $4,666,005.70. Following the transaction, the chief executive officer now owns 618,013 shares in the company, valued at $4,665,998.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michele Logan sold 10,017,983 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total transaction of $75,635,771.65. Following the transaction, the director now owns 2,043,320 shares in the company, valued at $15,427,066. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,867,586 shares of company stock valued at $82,870,442 over the last quarter. Insiders own 74.99% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CMPO. Pacific Ridge Capital Partners LLC acquired a new position in CompoSecure in the first quarter worth approximately $1,424,000. Vanguard Group Inc. boosted its stake in CompoSecure by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 843,476 shares of the company's stock worth $6,098,000 after purchasing an additional 13,081 shares during the period. Quadrature Capital Ltd acquired a new position in CompoSecure in the 1st quarter worth approximately $158,000. B. Riley Wealth Advisors Inc. acquired a new position in CompoSecure in the 1st quarter worth approximately $91,000. Finally, Boston Partners boosted its stake in CompoSecure by 40.8% in the 1st quarter. Boston Partners now owns 557,136 shares of the company's stock worth $4,028,000 after purchasing an additional 161,333 shares during the period. Institutional investors and hedge funds own 37.56% of the company's stock.

About CompoSecure

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.