CompoSecure (NASDAQ:CMPO) Given New $15.00 Price Target at Needham & Company LLC

CompoSecure (NASDAQ:CMPO) had its price objective cut by investment analysts at Needham & Company LLC from $16.00 to $15.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s target price suggests a potential upside of 24.79% from the company’s current price.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. boosted their price target on CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. B. Riley boosted their target price on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 11th. TD Cowen initiated coverage on shares of CompoSecure in a report on Wednesday, December 18th. They set a “buy” rating and a $20.00 target price on the stock. Finally, Benchmark reaffirmed a “buy” rating and set a $17.00 price objective on shares of CompoSecure in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, CompoSecure has an average rating of “Moderate Buy” and an average target price of $16.69.

CompoSecure Stock Down 0.5 %

Shares of CompoSecure stock opened at $12.02 on Thursday. The business has a 50-day moving average price of $15.18 and a 200 day moving average price of $14.58. CompoSecure has a fifty-two week low of $4.70 and a fifty-two week high of $17.71. The firm has a market cap of $1.06 billion, a P/E ratio of -27.32, a P/E/G ratio of 2.63 and a beta of 0.78.

Insider Transactions at CompoSecure

In other news, insider Adam Joseph Lowe sold 66,350 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Gregoire Maes sold 55,137 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.40, for a total transaction of $904,246.80. Following the completion of the sale, the chief operating officer now directly owns 762,009 shares of the company’s stock, valued at $12,496,947.60. The trade was a 6.75 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders acquired 659,376 shares of company stock worth $10,429,021 and sold 166,319 shares worth $2,686,288. Insiders own 74.99% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

Several large investors have recently bought and sold shares of the stock. Tyro Capital Management LLC acquired a new stake in shares of CompoSecure in the 3rd quarter worth approximately $27,978,000. Capital World Investors acquired a new stake in CompoSecure in the fourth quarter worth approximately $27,387,000. Divisadero Street Capital Management LP acquired a new stake in CompoSecure in the fourth quarter worth approximately $16,075,000. Nine Ten Capital Management LLC bought a new position in CompoSecure during the 4th quarter valued at $13,925,000. Finally, Woodson Capital Management LP acquired a new position in shares of CompoSecure during the 3rd quarter valued at $10,795,000. 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.