JPMorgan Chase & Co. Issues Pessimistic Forecast for CompoSecure (NASDAQ:CMPO) Stock Price

CompoSecure (NASDAQ:CMPO) had its target price decreased by equities research analysts at JPMorgan Chase & Co. from $16.00 to $15.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 36.74% from the company’s current price.

CMPO has been the subject of a number of other research reports. TD Cowen began coverage on shares of CompoSecure in a report on Wednesday, December 18th. They set a “buy” rating and a $20.00 price objective for the company. Benchmark reiterated a “buy” rating and set a $17.00 price objective on shares of CompoSecure in a report on Tuesday, November 12th. B. Riley boosted 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. Finally, Needham & Company LLC reduced 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. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.19.

CompoSecure Price Performance

Shares of CMPO opened at $10.97 on Thursday. CompoSecure has a 1-year low of $5.58 and a 1-year high of $17.71. The company has a 50-day moving average of $14.99 and a 200 day moving average of $14.56. The firm has a market capitalization of $966.80 million, a price-to-earnings ratio of -24.93, a PEG ratio of 2.63 and a beta of 0.77.

Insider Transactions at CompoSecure

In other news, CRO Amanda Mandy Gourbault sold 9,622 shares of CompoSecure stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $16.09, for a total value of $154,817.98. Following the transaction, the executive now owns 821,782 shares of the company’s stock, valued at $13,222,472.38. The trade was a 1.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Resolute Compo Holdings Llc acquired 221,186 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average cost of $15.01 per share, for a total transaction of $3,320,001.86. Following the transaction, the director now owns 221,186 shares in the company, valued at approximately $3,320,001.86. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 659,376 shares of company stock valued at $10,429,021 and have sold 76,872 shares valued at $1,224,846. Insiders own 74.99% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Locust Wood Capital Advisers LLC grew its position in shares of CompoSecure by 19.1% in 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 during the last quarter. Bleichroeder LP grew its position in 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 purchasing an additional 59,416 shares during the last quarter. Cannell Capital LLC grew its position in 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 purchasing an additional 169,067 shares during the last quarter. Tyro Capital Management LLC grew its position in 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 purchasing an additional 23,468 shares during the last quarter. Finally, Capital World Investors purchased a new stake in CompoSecure during the 4th quarter worth approximately $27,387,000. 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.