CompoSecure (NASDAQ:CMPO) Shares Gap Down Following Analyst Downgrade

CompoSecure, Inc. (NASDAQ:CMPO)’s share price gapped down before the market opened on Thursday after Lake Street Capital lowered their price target on the stock from $18.00 to $15.00. The stock had previously closed at $12.02, but opened at $11.20. Lake Street Capital currently has a buy rating on the stock. CompoSecure shares last traded at $11.42, with a volume of 483,650 shares.

Several other research firms have also recently issued reports on CMPO. TD Cowen started coverage on CompoSecure in a research note on Wednesday, December 18th. They set a “buy” rating and a $20.00 target price for the company. Needham & Company LLC cut their price objective on CompoSecure from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday. B. Riley raised their target price on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. reduced their price objective on shares of CompoSecure from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Benchmark reaffirmed a “buy” rating and issued a $17.00 price objective on shares of CompoSecure in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.19.

Insider Buying and Selling

In other CompoSecure news, CRO Amanda Mandy Gourbault sold 9,622 shares of the firm’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 of the company’s stock, valued at $13,222,472.38. This trade represents a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam Joseph Lowe sold 66,350 shares of CompoSecure stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $15.91, for a total transaction of $1,055,628.50. Following the sale, the insider now owns 1,358,692 shares of the company’s stock, valued at approximately $21,616,789.72. This trade represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 659,376 shares of company stock worth $10,429,021 and sold 76,872 shares worth $1,224,846. Insiders own 74.99% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Tyro Capital Management LLC purchased a new stake in shares of CompoSecure in the third quarter valued at $27,978,000. Capital World Investors purchased a new position in CompoSecure during the fourth quarter worth about $27,387,000. Divisadero Street Capital Management LP acquired a new stake in CompoSecure in the 4th quarter worth about $16,075,000. Nine Ten Capital Management LLC purchased a new stake in CompoSecure in the 4th quarter valued at about $13,925,000. Finally, Woodson Capital Management LP acquired a new position in shares of CompoSecure during the 3rd quarter valued at about $10,795,000. 37.56% of the stock is currently owned by institutional investors and hedge funds.

CompoSecure Stock Performance

The company’s fifty day moving average price is $15.09 and its two-hundred day moving average price is $14.56. The firm has a market capitalization of $1.02 billion, a PE ratio of -26.27, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77.

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.