CompoSecure (NASDAQ:CMPO) Shares Down 8.8% - Should You Sell?

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) was down 8.8% on Monday . The company traded as low as $12.25 and last traded at $12.17. Approximately 1,008,144 shares were traded during trading, a decline of 4% from the average daily volume of 1,052,368 shares. The stock had previously closed at $13.34.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CMPO shares. TD Cowen assumed coverage on shares of 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. lowered their price objective on CompoSecure from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday. Benchmark reissued a "buy" rating and issued a $17.00 target price on shares of CompoSecure in a research note on Tuesday, November 12th. B. Riley lifted their price target on CompoSecure from $18.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, Lake Street Capital dropped their price target on shares of CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $16.19.

CompoSecure Price Performance

The firm has a 50-day moving average of $15.09 and a 200 day moving average of $14.56. The company has a market capitalization of $966.80 million, a PE ratio of -24.93, a PEG ratio of 2.63 and a beta of 0.77.

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Insider Activity

In other news, Director Resolute Compo Holdings Llc bought 205,120 shares of the company's stock in a transaction on Friday, February 14th. The shares were acquired at an average cost of $15.83 per share, with a total value of $3,247,049.60. Following the completion of the transaction, the director now owns 646,893 shares of the company's stock, valued at approximately $10,240,316.19. This trade represents a 46.43 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Adam Joseph Lowe sold 66,350 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $15.91, for a total transaction of $1,055,628.50. Following the sale, the insider now directly owns 1,358,692 shares of the company's stock, valued at $21,616,789.72. The trade was a 4.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 659,376 shares of company stock valued at $10,429,021 and have sold 76,872 shares valued at $1,224,846. Insiders own 74.99% of the company's stock.

Hedge Funds Weigh In On CompoSecure

A number of institutional investors and hedge funds have recently made changes to their positions in CMPO. Locust Wood Capital Advisers LLC raised its position in CompoSecure by 19.1% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 4,579,143 shares of the company's stock worth $70,198,000 after acquiring an additional 734,202 shares during the period. Bleichroeder LP raised its holdings in CompoSecure by 1.6% in the 4th quarter. Bleichroeder LP now owns 3,856,966 shares of the company's stock worth $59,127,000 after purchasing an additional 59,416 shares during the period. Cannell Capital LLC lifted its position in CompoSecure by 8.0% during the fourth quarter. Cannell Capital LLC now owns 2,278,726 shares of the company's stock valued at $34,933,000 after purchasing an additional 169,067 shares in the last quarter. Tyro Capital Management LLC grew its holdings in CompoSecure by 1.2% during the fourth quarter. Tyro Capital Management LLC now owns 2,019,078 shares of the company's stock valued at $30,952,000 after purchasing an additional 23,468 shares during the period. Finally, Capital World Investors purchased a new stake in CompoSecure in the fourth quarter worth about $27,387,000. Hedge funds and other institutional investors 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.