Lake Street Capital Issues Pessimistic Forecast for CompoSecure (NASDAQ:CMPO) Stock Price

CompoSecure (NASDAQ:CMPO - Get Free Report) had its price target lowered by equities researchers at Lake Street Capital from $18.00 to $15.00 in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm currently has a "buy" rating on the stock. Lake Street Capital's price objective would suggest a potential upside of 42.72% from the company's current price.

A number of other equities analysts have also weighed in on the company. Needham & Company LLC lowered their price objective on CompoSecure from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday. TD Cowen initiated coverage on shares of CompoSecure in a research report on Wednesday, December 18th. They set a "buy" rating and a $20.00 price target on the stock. B. Riley boosted their target price on shares of CompoSecure from $18.00 to $23.00 and gave the company a "buy" rating in a report on Monday, November 11th. JPMorgan Chase & Co. cut their price target on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday. Finally, Benchmark reiterated 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 given a buy rating to the company. According to data from MarketBeat, CompoSecure currently has an average rating of "Moderate Buy" and an average price target of $16.19.

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CompoSecure Stock Performance

Shares of CMPO traded down $0.46 during mid-day trading on Thursday, hitting $10.51. 741,126 shares of the company were exchanged, compared to its average volume of 735,206. CompoSecure has a 1-year low of $5.58 and a 1-year high of $17.71. The company has a 50 day moving average of $14.99 and a 200-day moving average of $14.60. The stock has a market cap of $926.26 million, a price-to-earnings ratio of -23.93, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77.

Insider Buying and Selling at CompoSecure

In other news, CRO Amanda Mandy Gourbault sold 9,622 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $16.09, for a total value of $154,817.98. Following the transaction, the executive now owns 821,782 shares of the company's stock, valued at approximately $13,222,472.38. This trade represents a 1.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Resolute Compo Holdings Llc purchased 221,186 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was bought at an average price of $15.01 per share, with a total value of $3,320,001.86. Following the acquisition, the director now owns 221,186 shares in the company, valued at $3,320,001.86. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 659,376 shares of company stock worth $10,429,021. 74.99% of the stock is owned by insiders.

Institutional Investors Weigh In On CompoSecure

Hedge funds have recently bought and sold shares of the business. Verition Fund Management LLC purchased a new position in shares of CompoSecure during the 3rd quarter valued at approximately $798,000. Geode Capital Management LLC raised 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 valued at $8,214,000 after acquiring an additional 148,833 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in CompoSecure during the 4th quarter valued at $526,000. JPMorgan Chase & Co. grew its holdings in CompoSecure by 555.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company's stock worth $728,000 after acquiring an additional 44,018 shares in the last quarter. Finally, Truist Financial Corp increased its position in shares of CompoSecure by 286.9% in the 4th quarter. Truist Financial Corp now owns 48,368 shares of the company's stock worth $741,000 after purchasing an additional 35,868 shares during the last quarter. Institutional investors and hedge funds own 37.56% of the company's stock.

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.