Shares of CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) dropped 4.6% during trading on Monday . The stock traded as low as $14.86 and last traded at $15.03. Approximately 153,528 shares traded hands during trading, a decline of 82% from the average daily volume of 842,419 shares. The stock had previously closed at $15.75.
Wall Street Analyst Weigh In
Several analysts have weighed in on CMPO shares. Benchmark reiterated a "buy" rating and issued a $17.00 price objective on shares of CompoSecure in a research note on Tuesday, November 12th. 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 report on Monday, November 11th. TD Cowen assumed coverage on shares of CompoSecure in a research note on Wednesday, December 18th. They issued a "buy" rating and a $20.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on shares of CompoSecure from $12.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, December 2nd. Finally, Needham & Company LLC restated a "buy" rating and set a $16.00 price objective on shares of CompoSecure in a report on Monday, November 11th. One research 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 a consensus rating of "Moderate Buy" and a consensus target price of $16.81.
View Our Latest Report on CompoSecure
CompoSecure Price Performance
The firm has a market capitalization of $1.39 billion, a PE ratio of -35.75, a P/E/G ratio of 2.51 and a beta of 0.78. The business's 50 day moving average is $15.48 and its two-hundred day moving average is $13.97.
Insider Buying and Selling
In related news, insider Adam Joseph Lowe sold 66,350 shares of CompoSecure stock in a transaction on Monday, December 9th. The shares were sold at an average price of $15.91, for a total value of $1,055,628.50. Following the sale, the insider now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Gregoire Maes sold 24,323 shares of CompoSecure stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $16.25, for a total transaction of $395,248.75. Following the completion of the sale, the chief operating officer now owns 762,009 shares in the company, valued at approximately $12,382,646.25. This trade represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 180,660 shares of company stock valued at $2,921,066 over the last three months. 74.99% of the stock is owned by company insiders.
Hedge Funds Weigh In On CompoSecure
Several hedge funds and other institutional investors have recently bought and sold shares of CMPO. Cubist Systematic Strategies LLC bought a new position in shares of CompoSecure in the 2nd quarter worth approximately $147,000. CWM LLC grew its holdings in CompoSecure by 42.0% during the 3rd quarter. CWM LLC now owns 5,192 shares of the company's stock valued at $73,000 after buying an additional 1,536 shares in the last quarter. Ritholtz Wealth Management grew its holdings in CompoSecure by 246.9% during the 3rd quarter. Ritholtz Wealth Management now owns 42,872 shares of the company's stock valued at $601,000 after buying an additional 30,512 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of CompoSecure in the third quarter valued at $72,000. Finally, Rowlandmiller & PARTNERS.ADV purchased a new position in shares of CompoSecure in the third quarter valued at $149,000. Institutional investors own 37.56% of the company's stock.
About CompoSecure
(
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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.
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