CompoSecure (NASDAQ:CMPO) Price Target Raised to $23.00 at B. Riley

CompoSecure (NASDAQ:CMPO - Free Report) had its price objective boosted by B. Riley from $18.00 to $23.00 in a research report report published on Monday morning,Benzinga reports. B. Riley currently has a buy rating on the stock.

A number of other analysts have also issued reports on the company. Benchmark boosted their price target on CompoSecure from $12.00 to $17.00 and gave the company a "buy" rating in a report on Wednesday, September 18th. Lake Street Capital increased their target price on shares of CompoSecure from $14.00 to $18.00 and gave the stock a "buy" rating in a report on Wednesday, October 2nd. Compass Point boosted their price target on shares of CompoSecure from $11.50 to $14.50 and gave the company a "buy" rating in a report on Tuesday, August 20th. Bank of America increased their price objective on shares of CompoSecure from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CompoSecure from $8.00 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, CompoSecure has a consensus rating of "Moderate Buy" and an average price target of $15.79.

CompoSecure Stock Up 1.4 %

CMPO stock traded up $0.19 during trading on Monday, hitting $14.13. The company had a trading volume of 908,857 shares, compared to its average volume of 523,155. CompoSecure has a 52-week low of $4.61 and a 52-week high of $16.14. The company has a 50 day simple moving average of $13.88 and a 200-day simple moving average of $9.93. The firm has a market capitalization of $1.17 billion, a P/E ratio of -31.41, a PEG ratio of 1.03 and a beta of 0.76.

Insiders Place Their Bets

In related news, Director Michele Logan sold 10,017,983 shares of the company's stock in a transaction dated 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 transaction, the director now directly owns 2,043,320 shares of the company's stock, valued at $15,427,066. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of the firm's stock in a transaction 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 completion of the transaction, the director now owns 2,043,320 shares of the company's stock, valued at approximately $15,427,066. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Adam Joseph Lowe sold 45,000 shares of CompoSecure stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $11.06, for a total transaction of $497,700.00. Following the sale, the insider now owns 1,292,219 shares of the company's stock, valued at $14,291,942.14. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,867,586 shares of company stock valued at $82,870,442. 74.99% of the stock is currently owned by insiders.

Institutional Trading of CompoSecure

Several large investors have recently added to or reduced their stakes in CMPO. CWM LLC raised its holdings in shares of CompoSecure by 205.9% during the second quarter. CWM LLC now owns 3,656 shares of the company's stock worth $25,000 after purchasing an additional 2,461 shares during the last quarter. Sandia Investment Management LP purchased a new position in shares of CompoSecure during the 2nd quarter valued at about $68,000. nVerses Capital LLC purchased a new position in shares of CompoSecure during the 3rd quarter valued at about $72,000. Wolverine Asset Management LLC acquired a new position in shares of CompoSecure in the 3rd quarter valued at about $74,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of CompoSecure in the second quarter worth about $84,000. 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.