CompoSecure (NASDAQ:CMPO) Price Target Lowered to $15.00 at Needham & Company LLC

CompoSecure (NASDAQ:CMPO - Free Report) had its target price trimmed by Needham & Company LLC from $16.00 to $15.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

CMPO has been the subject of a number of other research reports. TD Cowen assumed coverage on CompoSecure in a report on Wednesday, December 18th. They set a "buy" rating and a $20.00 target price for the company. JPMorgan Chase & Co. raised their price objective on CompoSecure from $12.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, December 2nd. Benchmark reaffirmed a "buy" rating and set a $17.00 price target on shares of CompoSecure in a research report on Tuesday, November 12th. Finally, B. Riley upped their target price on CompoSecure from $18.00 to $23.00 and gave the company a "buy" rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.19.

CompoSecure Trading Down 2.3 %

Shares of NASDAQ CMPO traded down $0.25 during mid-day trading on Thursday, hitting $10.72. The company had a trading volume of 1,715,427 shares, compared to its average volume of 739,049. CompoSecure has a one year low of $5.58 and a one year high of $17.71. The company has a market capitalization of $944.76 million, a PE ratio of -24.36, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77. The firm has a 50-day simple moving average of $14.99 and a two-hundred day simple moving average of $14.60.

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Insider Activity at CompoSecure

In related news, CRO Amanda Mandy Gourbault sold 9,622 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $16.09, for a total transaction of $154,817.98. Following the completion of the sale, the executive now owns 821,782 shares in the company, valued at approximately $13,222,472.38. This represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Resolute Compo Holdings Llc bought 205,120 shares of CompoSecure stock in a transaction dated Friday, February 14th. The stock was purchased at an average price of $15.83 per share, with a total value of $3,247,049.60. Following the purchase, the director now owns 646,893 shares in the company, valued at approximately $10,240,316.19. This represents a 46.43 % 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 valued at $10,429,021. 74.99% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMPO. Locust Wood Capital Advisers LLC boosted 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 buying an additional 734,202 shares during the last quarter. Bleichroeder LP grew its position 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 buying an additional 59,416 shares during the period. Cannell Capital LLC raised its position in CompoSecure by 8.0% in the fourth quarter. Cannell Capital LLC now owns 2,278,726 shares of the company's stock worth $34,933,000 after acquiring an additional 169,067 shares during the period. Tyro Capital Management LLC boosted its stake in CompoSecure by 1.2% in the fourth quarter. Tyro Capital Management LLC now owns 2,019,078 shares of the company's stock valued at $30,952,000 after acquiring an additional 23,468 shares during the last quarter. Finally, Capital World Investors bought a new position in shares of CompoSecure during the 4th quarter valued at approximately $27,387,000. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

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.