CompoSecure (NASDAQ:CMPO) Shares Gap Down After Analyst Downgrade

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report)'s share price gapped down before the market opened on Thursday after Lake Street Capital lowered their price target on the stock from $18.00 to $15.00. The stock had previously closed at $12.02, but opened at $11.20. Lake Street Capital currently has a buy rating on the stock. CompoSecure shares last traded at $11.42, with a volume of 483,650 shares changing hands.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. dropped their price objective on CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday. TD Cowen assumed coverage on shares of CompoSecure in a research note on Wednesday, December 18th. They set a "buy" rating and a $20.00 price objective on the stock. B. Riley boosted their target price on shares of CompoSecure from $18.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Needham & Company LLC reduced their price target on shares of CompoSecure from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Benchmark reissued a "buy" rating and issued a $17.00 price objective on shares of CompoSecure in a report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $16.19.

Insider Transactions at CompoSecure

In related news, CRO Amanda Mandy Gourbault sold 9,622 shares of CompoSecure stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $16.09, for a total value of $154,817.98. Following the sale, the executive now directly owns 821,782 shares in the company, valued at $13,222,472.38. This trade represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Resolute Compo Holdings Llc bought 233,070 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was purchased at an average price of $16.57 per share, with a total value of $3,861,969.90. Following the transaction, the director now owns 879,963 shares in the company, valued at $14,580,986.91. The trade was a 36.03 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 659,376 shares of company stock worth $10,429,021. 74.99% of the stock is currently owned by company insiders.

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Institutional Trading of CompoSecure

Several large investors have recently added to or reduced their stakes in CMPO. Verition Fund Management LLC bought a new position in shares of CompoSecure in the third quarter worth $798,000. Geode Capital Management LLC lifted its holdings in CompoSecure by 34.1% in the third quarter. Geode Capital Management LLC now owns 585,746 shares of the company's stock worth $8,214,000 after purchasing an additional 148,833 shares during the period. Allspring Global Investments Holdings LLC bought a new position in CompoSecure in the 4th quarter valued at about $526,000. JPMorgan Chase & Co. increased its stake in CompoSecure by 555.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company's stock valued at $728,000 after buying an additional 44,018 shares during the period. Finally, Truist Financial Corp increased its stake in CompoSecure by 286.9% during the 4th quarter. Truist Financial Corp now owns 48,368 shares of the company's stock valued at $741,000 after buying an additional 35,868 shares during the period. 37.56% of the stock is currently owned by institutional investors and hedge funds.

CompoSecure Trading Down 2.3 %

The business's 50-day simple moving average is $14.99 and its 200 day simple moving average is $14.60. The company has a market capitalization of $944.76 million, a P/E ratio of -24.36, a P/E/G ratio of 2.63 and a beta of 0.77.

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.