JPMorgan Chase & Co. Issues Pessimistic Forecast for CompoSecure (NASDAQ:CMPO) Stock Price

CompoSecure (NASDAQ:CMPO - Get Free Report) had its price target reduced by JPMorgan Chase & Co. from $16.00 to $15.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 39.93% from the stock's current price.

Several other research firms also recently weighed in on CMPO. B. Riley raised 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. TD Cowen began coverage on CompoSecure in a research report on Wednesday, December 18th. They issued a "buy" rating and a $20.00 target price for the company. Benchmark reiterated a "buy" rating and issued a $17.00 price objective on shares of CompoSecure in a report on Tuesday, November 12th. Finally, Needham & Company LLC reduced their target price on CompoSecure from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $16.19.

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CompoSecure Price Performance

NASDAQ CMPO traded down $0.25 on Thursday, hitting $10.72. 1,715,427 shares of the company's stock were exchanged, compared to its average volume of 739,049. The firm's 50-day moving average price is $14.99 and its two-hundred day moving average price is $14.60. CompoSecure has a fifty-two week low of $5.58 and a fifty-two week high of $17.71. The firm has a market cap of $944.76 million, a price-to-earnings ratio of -24.36, a P/E/G ratio of 2.63 and a beta of 0.77.

Insider Transactions at CompoSecure

In other CompoSecure news, CRO Amanda Mandy Gourbault sold 9,622 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $16.09, for a total transaction of $154,817.98. Following the sale, the executive now directly owns 821,782 shares of the company's stock, valued at approximately $13,222,472.38. This represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Resolute Compo Holdings Llc bought 205,120 shares of the stock in a transaction dated Friday, February 14th. The stock was acquired at an average price of $15.83 per share, with a total value of $3,247,049.60. Following the completion of the purchase, the director now owns 646,893 shares of the company's stock, valued at $10,240,316.19. This represents a 46.43 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 659,376 shares of company stock worth $10,429,021. 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. KLP Kapitalforvaltning AS bought a new position in shares of CompoSecure during the 4th quarter valued at about $75,000. Wolverine Asset Management LLC acquired a new stake in CompoSecure during the 3rd quarter worth approximately $74,000. FMR LLC lifted its stake in CompoSecure by 693.0% in the third quarter. FMR LLC now owns 5,900 shares of the company's stock valued at $83,000 after buying an additional 5,156 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of CompoSecure in the third quarter valued at approximately $140,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of CompoSecure during the fourth quarter worth $156,000. 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.