Needham & Company LLC Issues Pessimistic Forecast for CompoSecure (NASDAQ:CMPO) Stock Price

CompoSecure (NASDAQ:CMPO) had its price target cut by equities research analysts at Needham & Company LLC from $16.00 to $15.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target would indicate a potential upside of 36.74% from the stock’s current price.

Other analysts have also issued research reports about the company. TD Cowen began coverage on CompoSecure in a research report on Wednesday, December 18th. They set a “buy” rating and a $20.00 price objective on the stock. B. Riley boosted their target price on shares of CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on shares of CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Finally, Benchmark reiterated a “buy” rating and set a $17.00 target price on shares of CompoSecure in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, CompoSecure presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.19.

CompoSecure Trading Down 5.1 %

CompoSecure stock opened at $10.97 on Thursday. CompoSecure has a twelve month low of $5.58 and a twelve month high of $17.71. The stock’s fifty day simple moving average is $14.99 and its 200-day simple moving average is $14.56. The firm has a market capitalization of $966.80 million, a P/E ratio of -24.93, a P/E/G ratio of 2.63 and a beta of 0.77.

Insider Buying and Selling at CompoSecure

In related news, Director Resolute Compo Holdings Llc acquired 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, for a total transaction of $3,320,001.86. Following the completion of the purchase, the director now directly owns 221,186 shares of the company’s stock, valued at approximately $3,320,001.86. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Adam Joseph Lowe sold 66,350 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $15.91, for a total transaction of $1,055,628.50. Following the completion of the transaction, the insider now owns 1,358,692 shares of the company’s stock, valued at $21,616,789.72. This represents a 4.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 659,376 shares of company stock worth $10,429,021 and sold 76,872 shares worth $1,224,846. 74.99% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CompoSecure

Several large investors have recently bought and sold shares of CMPO. Wealth Enhancement Advisory Services LLC boosted its stake in CompoSecure by 1.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,944 shares of the company’s stock valued at $574,000 after acquiring an additional 701 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of CompoSecure in the third quarter valued at about $146,000. Wolverine Asset Management LLC purchased a new stake in shares of CompoSecure in the third quarter valued at about $74,000. Bard Associates Inc. raised its holdings in shares of CompoSecure by 0.6% in the third quarter. Bard Associates Inc. now owns 305,247 shares of the company’s stock valued at $4,280,000 after buying an additional 1,957 shares during the last quarter. Finally, Islay Capital Management LLC purchased a new stake in shares of CompoSecure in the third quarter valued at about $633,000. Institutional investors and hedge funds 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.