CompoSecure (NASDAQ:CMPO) Shares Gap Down – Should You Sell?

Shares of CompoSecure, Inc. (NASDAQ:CMPO) gapped down before the market opened on Friday . The stock had previously closed at $15.63, but opened at $12.70. CompoSecure shares last traded at $14.17, with a volume of 1,165,394 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CMPO. Bank of America increased their price target on shares of CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Benchmark upped their price target on CompoSecure from $12.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Compass Point lifted their price objective on CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Needham & Company LLC upped their target price on CompoSecure from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.07.

CompoSecure Stock Down 10.8 %

The business has a 50-day simple moving average of $13.88 and a two-hundred day simple moving average of $9.88. The stock has a market capitalization of $1.15 billion, a P/E ratio of 13.94, a PEG ratio of 1.14 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last posted its earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. CompoSecure had a net margin of 6.33% and a negative return on equity of 11.78%. The business had revenue of $108.57 million for the quarter, compared to analyst estimates of $102.22 million. During the same quarter in the prior year, the firm earned $0.25 EPS. On average, sell-side analysts forecast that CompoSecure, Inc. will post 1.1 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Adam Joseph Lowe sold 5,730 shares of CompoSecure stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $12.05, for a total value of $69,046.50. Following the completion of the transaction, the insider now owns 1,292,219 shares in the company, valued at approximately $15,571,238.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Adam Joseph Lowe sold 5,730 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $12.05, for a total transaction of $69,046.50. Following the sale, the insider now owns 1,292,219 shares in the company, valued at approximately $15,571,238.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jonathan Wilk sold 618,014 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $4,666,005.70. Following the completion of the sale, the chief executive officer now owns 618,013 shares of the company’s stock, valued at approximately $4,665,998.15. This trade represents 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 have sold 10,867,586 shares of company stock valued at $82,870,442. 74.99% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CompoSecure

A number of institutional investors have recently modified their holdings of CMPO. CWM LLC grew its stake in shares of CompoSecure by 205.9% during the second quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after purchasing an additional 2,461 shares during the last quarter. Sandia Investment Management LP acquired a new position in CompoSecure during the 2nd quarter worth $68,000. nVerses Capital LLC bought a new position in CompoSecure in the 3rd quarter valued at $72,000. Wolverine Asset Management LLC acquired a new stake in shares of CompoSecure in the 3rd quarter valued at $74,000. Finally, Ritholtz Wealth Management bought a new stake in shares of CompoSecure during the second quarter worth $84,000. 37.56% of the stock is owned by 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.