Lake Street Capital Has Lowered Expectations for CompoSecure (NASDAQ:CMPO) Stock Price

CompoSecure (NASDAQ:CMPO) had its price target reduced by investment analysts at Lake Street Capital from $18.00 to $15.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Lake Street Capital’s price target points to a potential upside of 36.74% from the stock’s previous close.

Several other research analysts have also weighed in on CMPO. Benchmark reissued a “buy” rating and set a $17.00 price objective on shares of CompoSecure in a report on Tuesday, November 12th. TD Cowen assumed coverage on shares of CompoSecure in a report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price target for the company. Needham & Company LLC decreased their price target on shares of CompoSecure from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday. JPMorgan Chase & Co. decreased 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, B. Riley lifted their price target on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.19.

CompoSecure Price Performance

CompoSecure stock opened at $10.97 on Thursday. CompoSecure has a 12-month low of $5.58 and a 12-month high of $17.71. The company has a market capitalization of $966.80 million, a price-to-earnings ratio of -24.93, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77. The firm’s fifty day moving average price is $14.99 and its 200 day moving average price is $14.56.

Insider Buying and Selling at CompoSecure

In other CompoSecure news, CRO Amanda Mandy Gourbault sold 9,622 shares of the business’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 in the company, valued at approximately $13,222,472.38. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Resolute Compo Holdings Llc purchased 233,070 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were bought at an average price of $16.57 per share, for a total transaction of $3,861,969.90. Following the completion of the transaction, the director now directly owns 879,963 shares in the company, valued at $14,580,986.91. This represents a 36.03 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 659,376 shares of company stock valued at $10,429,021 and sold 76,872 shares valued at $1,224,846. 74.99% of the stock is currently owned by company insiders.

Institutional Trading of CompoSecure

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Locust Wood Capital Advisers LLC raised its position in shares of CompoSecure by 19.1% during the 4th quarter. Locust Wood Capital Advisers LLC now owns 4,579,143 shares of the company’s stock worth $70,198,000 after buying an additional 734,202 shares in the last quarter. Bleichroeder LP raised its position in shares of CompoSecure by 1.6% during the 4th quarter. Bleichroeder LP now owns 3,856,966 shares of the company’s stock worth $59,127,000 after buying an additional 59,416 shares in the last quarter. Cannell Capital LLC raised its position in shares of CompoSecure by 8.0% during the 4th quarter. Cannell Capital LLC now owns 2,278,726 shares of the company’s stock worth $34,933,000 after buying an additional 169,067 shares in the last quarter. Tyro Capital Management LLC raised its position in shares of CompoSecure by 1.2% during the 4th quarter. Tyro Capital Management LLC now owns 2,019,078 shares of the company’s stock worth $30,952,000 after buying an additional 23,468 shares in the last quarter. Finally, Capital World Investors bought a new stake in shares of CompoSecure during the 4th quarter worth about $27,387,000. 37.56% of the stock is currently 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.