CompoSecure (NASDAQ:CMPO) Shares Down 3% - What's Next?

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) shares were down 3% during mid-day trading on Wednesday . The company traded as low as $14.78 and last traded at $14.80. Approximately 493,947 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 484,062 shares. The stock had previously closed at $15.25.

Analyst Ratings Changes

CMPO has been the subject of several recent research reports. Lake Street Capital boosted their target price on shares of CompoSecure from $14.00 to $18.00 and gave the company a "buy" rating in a research report on Wednesday, October 2nd. Bank of America upped their price objective on CompoSecure from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. raised their target price on CompoSecure from $8.00 to $12.00 and gave the stock a "neutral" rating in a report on Tuesday, August 20th. Needham & Company LLC boosted their price target on CompoSecure from $15.00 to $16.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Finally, Benchmark raised their price objective on CompoSecure from $12.00 to $17.00 and gave the stock a "buy" rating in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, CompoSecure presently has a consensus rating of "Moderate Buy" and an average price target of $15.07.

CompoSecure Stock Down 2.8 %

The firm has a market capitalization of $1.19 billion, a P/E ratio of 15.28, a PEG ratio of 1.05 and a beta of 0.78. The stock has a fifty day simple moving average of $12.54 and a 200 day simple moving average of $8.91.

CompoSecure (NASDAQ:CMPO - Get Free Report) last released its 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 negative return on equity of 11.78% and a net margin of 6.33%. The firm had revenue of $108.57 million for the quarter, compared to analysts' expectations of $102.22 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Research analysts anticipate that CompoSecure, Inc. will post 1.1 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Gregoire Maes sold 50,000 shares of CompoSecure stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $11.04, for a total transaction of $552,000.00. Following the completion of the sale, the chief operating officer now owns 762,009 shares in the company, valued at $8,412,579.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Michele Logan sold 10,017,983 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total transaction of $75,635,771.65. Following the transaction, the director now owns 2,043,320 shares of the company's stock, valued at approximately $15,427,066. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Gregoire Maes sold 50,000 shares of CompoSecure stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $11.04, for a total value of $552,000.00. Following the completion of the sale, the chief operating officer now owns 762,009 shares of the company's stock, valued at $8,412,579.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,867,586 shares of company stock valued at $82,870,442. 74.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. CWM LLC lifted its position in shares of CompoSecure by 205.9% in the 2nd quarter. CWM LLC now owns 3,656 shares of the company's stock worth $25,000 after purchasing an additional 2,461 shares during the period. nVerses Capital LLC purchased a new stake in CompoSecure during the third quarter worth $72,000. Sandia Investment Management LP bought a new stake in CompoSecure during the 2nd quarter valued at $68,000. Ritholtz Wealth Management bought a new stake in CompoSecure during the 2nd quarter valued at $84,000. Finally, Algert Global LLC purchased a new position in shares of CompoSecure in the 2nd quarter valued at $84,000. 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.