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

CompoSecure, Inc. (NASDAQ:CMPO) shares gapped down prior to trading on Thursday after Needham & Company LLC lowered their price target on the stock from $16.00 to $15.00. The stock had previously closed at $12.02, but opened at $11.20. Needham & Company LLC currently has a buy rating on the stock. CompoSecure shares last traded at $11.42, with a volume of 483,650 shares changing hands.

A number of other research firms also recently issued reports on CMPO. TD Cowen began coverage on shares of CompoSecure in a research report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 target price for the company. Benchmark restated a “buy” rating and set a $17.00 price target on shares of CompoSecure in a report on Tuesday, November 12th. JPMorgan Chase & Co. upped their price objective on shares of CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Finally, B. Riley boosted their price target on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.69.

Insider Buying and Selling

In related news, Director Resolute Compo Holdings Llc acquired 221,186 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were bought at an average price of $15.01 per share, for a total transaction of $3,320,001.86. Following the acquisition, the director now owns 221,186 shares in the company, valued at $3,320,001.86. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Amanda Mandy Gourbault sold 9,622 shares of the 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 completion of the sale, the executive now owns 821,782 shares of the company’s stock, valued at approximately $13,222,472.38. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 659,376 shares of company stock valued at $10,429,021 and have sold 166,319 shares valued at $2,686,288. 74.99% of the stock is currently owned by insiders.

Institutional Trading of CompoSecure

A number of institutional investors and hedge funds have recently modified their holdings of the company. Locust Wood Capital Advisers LLC boosted its stake in CompoSecure by 19.1% during the fourth 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 in the last quarter. Bleichroeder LP boosted its position in shares of CompoSecure by 1.6% during the 4th quarter. Bleichroeder LP now owns 3,856,966 shares of the company’s stock valued at $59,127,000 after acquiring an additional 59,416 shares in the last quarter. Cannell Capital LLC increased its stake in CompoSecure by 8.0% in the fourth quarter. Cannell Capital LLC now owns 2,278,726 shares of the company’s stock valued at $34,933,000 after acquiring an additional 169,067 shares during the period. Tyro Capital Management LLC raised its position in CompoSecure by 1.2% in the fourth 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 in the last quarter. Finally, Capital World Investors bought a new position in CompoSecure during the fourth quarter worth about $27,387,000. 37.56% of the stock is currently owned by institutional investors.

CompoSecure Stock Down 0.8 %

The business has a fifty day simple moving average of $15.18 and a two-hundred day simple moving average of $14.58. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -26.59, a P/E/G ratio of 2.63 and a beta of 0.78.

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.