CompoSecure (NASDAQ:CMPO) Price Target Raised to $16.00 at JPMorgan Chase & Co.

CompoSecure (NASDAQ:CMPO) had its price target boosted by JPMorgan Chase & Co. from $12.00 to $16.00 in a report released on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other research analysts have also recently issued reports on CMPO. Compass Point raised their target price on CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Lake Street Capital raised their price objective on shares of CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. B. Riley upped 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. Benchmark reiterated a “buy” rating and set a $17.00 price target on shares of CompoSecure in a research note on Tuesday, November 12th. Finally, Needham & Company LLC restated a “buy” rating and issued a $16.00 price objective on shares of CompoSecure in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.36.

CompoSecure Stock Performance

CMPO opened at $16.15 on Monday. The company’s 50-day simple moving average is $14.74 and its two-hundred day simple moving average is $10.79. The stock has a market capitalization of $1.42 billion, a P/E ratio of -36.70, a P/E/G ratio of 1.26 and a beta of 0.76. CompoSecure has a 52-week low of $4.61 and a 52-week high of $16.39.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. The company had revenue of $107.14 million for the quarter, compared to the consensus estimate of $105.11 million. During the same quarter last year, the company earned $0.24 EPS. Research analysts forecast that CompoSecure will post 1.02 EPS for the current fiscal year.

Insider Buying and Selling

In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $75,635,771.65. Following the completion of the transaction, the director now directly owns 2,043,320 shares in the company, valued at $15,427,066. This represents a 83.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jonathan Wilk sold 618,014 shares of CompoSecure stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total transaction of $4,666,005.70. Following the sale, the chief executive officer now owns 618,013 shares in the company, valued at approximately $4,665,998.15. The trade was a 50.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,666,590 shares of company stock valued at $80,774,821. Company insiders own 74.99% of the company’s stock.

Institutional Trading of CompoSecure

Several hedge funds have recently bought and sold shares of the stock. Woodson Capital Management LP purchased a new position in shares of CompoSecure during the third quarter valued at about $10,795,000. Concentric Capital Strategies LP bought a new position in CompoSecure during the third quarter valued at approximately $5,445,000. Progeny 3 Inc. purchased a new position in CompoSecure during the 3rd quarter valued at approximately $5,243,000. Pacific Ridge Capital Partners LLC increased its stake in CompoSecure by 146.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock worth $3,308,000 after acquiring an additional 289,451 shares during the last quarter. Finally, Rice Hall James & Associates LLC purchased a new stake in shares of CompoSecure during the 3rd quarter worth approximately $3,766,000. Hedge funds and other institutional investors 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.