CompoSecure (NASDAQ:CMPO) Shares Gap Up - Still a Buy?

Shares of CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $15.64, but opened at $16.88. CompoSecure shares last traded at $16.41, with a volume of 163,615 shares.

Analysts Set New Price Targets

CMPO has been the topic of several recent analyst reports. Needham & Company LLC restated a "buy" rating and issued a $16.00 price objective on shares of CompoSecure in a report on Monday, November 11th. JPMorgan Chase & Co. upped their price objective on shares of CompoSecure from $12.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, December 2nd. B. Riley upped their price objective on shares of CompoSecure from $18.00 to $23.00 and gave the stock a "buy" rating in a report on Monday, November 11th. TD Cowen initiated coverage on shares of CompoSecure in a report on Wednesday, December 18th. They issued a "buy" rating and a $20.00 price objective on the stock. Finally, Benchmark restated 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $16.81.

CompoSecure Trading Down 4.7 %

The stock's fifty day moving average price is $15.48 and its two-hundred day moving average price is $14.33. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of -36.61, a price-to-earnings-growth ratio of 2.68 and a beta of 0.78.

Insider Activity at CompoSecure

In other CompoSecure news, Director Resolute Compo Holdings Llc acquired 233,070 shares of the stock in a transaction on Thursday, February 20th. The shares were bought at an average cost of $16.57 per share, with a total value of $3,861,969.90. Following the transaction, the director now owns 879,963 shares of the company's stock, valued at approximately $14,580,986.91. This trade represents a 36.03 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Adam Joseph Lowe sold 66,350 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $15.91, for a total transaction of $1,055,628.50. Following the transaction, the insider now directly owns 1,358,692 shares in the company, valued at $21,616,789.72. The trade was a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 659,376 shares of company stock valued at $10,429,021 and have sold 180,660 shares valued at $2,921,066. Insiders own 74.99% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CMPO. Tyro Capital Management LLC purchased a new position in CompoSecure during the 3rd quarter worth $27,978,000. Capital World Investors purchased a new position in CompoSecure during the 4th quarter worth $27,387,000. Divisadero Street Capital Management LP acquired a new stake in shares of CompoSecure in the 4th quarter worth $16,075,000. Nine Ten Capital Management LLC acquired a new stake in shares of CompoSecure in the 4th quarter worth $13,925,000. Finally, Woodson Capital Management LP acquired a new stake in shares of CompoSecure in the 3rd quarter worth $10,795,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

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.