CompoSecure (NASDAQ:CMPO) Shares Gap Down - Here's What Happened

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $15.63, but opened at $12.70. CompoSecure shares last traded at $14.17, with a volume of 1,165,394 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CMPO shares. Bank of America raised their target price 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. Lake Street Capital raised their target price on shares of CompoSecure from $14.00 to $18.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Compass Point raised their target price on shares of CompoSecure from $11.50 to $14.50 and gave the company a "buy" rating in a research note on Tuesday, August 20th. Benchmark raised their target price on shares of CompoSecure from $12.00 to $17.00 and gave the company a "buy" rating in a research note on Wednesday, September 18th. Finally, Needham & Company LLC increased their price target on shares of CompoSecure from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a hold rating and six have issued 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 target price of $15.07.

CompoSecure Stock Down 10.8 %

The business's 50-day simple moving average is $13.83 and its 200 day simple moving average is $9.83. The firm has a market capitalization of $1.15 billion, a P/E ratio of 13.94, a PEG ratio of 1.10 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. CompoSecure had a net margin of 6.33% and a negative return on equity of 11.78%. The business had revenue of $108.57 million for the quarter, compared to analysts' expectations of $102.22 million. During the same period last year, the business earned $0.25 earnings per share. Sell-side analysts predict that CompoSecure, Inc. will post 1.1 earnings per share for the current year.

Insider Transactions at CompoSecure

In other 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 transaction, 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 is accessible through this hyperlink. In other 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 transaction, 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 is accessible through this hyperlink. Also, insider Adam Joseph Lowe sold 45,000 shares of the firm's stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $11.06, for a total value of $497,700.00. Following the completion of the sale, the insider now directly 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,867,586 shares of company stock worth $82,870,442. Insiders own 74.99% of the company's stock.

Institutional Trading of CompoSecure

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC lifted its stake in CompoSecure by 205.9% in the second quarter. CWM LLC now owns 3,656 shares of the company's stock worth $25,000 after acquiring an additional 2,461 shares during the period. nVerses Capital LLC purchased a new stake in CompoSecure in the third quarter worth $72,000. Wolverine Asset Management LLC purchased a new stake in CompoSecure in the third quarter worth $74,000. Sandia Investment Management LP purchased a new stake in CompoSecure in the second quarter worth $68,000. Finally, Principal Financial Group Inc. purchased a new position in CompoSecure during the third quarter valued at $146,000. 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.