CompoSecure (NASDAQ:CMPO) Shares Gap Down – Here’s What Happened

CompoSecure, Inc. (NASDAQ:CMPO)’s share price gapped down before the market opened on Friday . The stock had previously closed at $15.63, but opened at $12.70. CompoSecure shares last traded at $14.17, with a volume of 1,165,394 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently commented on CMPO. Benchmark increased their price objective on shares of CompoSecure from $12.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Compass Point increased their price target on CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. boosted their price objective on CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Lake Street Capital increased their target price on CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, Bank of America lifted their price target on CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.07.

CompoSecure Trading Down 7.2 %

The stock has a market cap of $1.20 billion, a P/E ratio of 15.63, a price-to-earnings-growth ratio of 1.10 and a beta of 0.76. The business has a 50-day simple moving average of $13.75 and a 200 day simple moving average of $9.79.

CompoSecure (NASDAQ:CMPO) last announced its earnings results on Wednesday, August 7th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. CompoSecure had a negative return on equity of 11.78% and a net margin of 6.33%. The business had revenue of $108.57 million for the quarter, compared to analysts’ expectations of $102.22 million. During the same period in the prior year, the business posted $0.25 earnings per share. As a group, equities analysts expect that CompoSecure, Inc. will post 1.1 earnings per share for the current year.

Insider Transactions at CompoSecure

In other CompoSecure news, insider Adam Joseph Lowe sold 45,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $11.06, for a total transaction of $497,700.00. Following the completion of the sale, the insider now directly owns 1,292,219 shares in the company, valued at approximately $14,291,942.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of CompoSecure stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $75,635,771.65. Following the completion of the sale, the director now directly owns 2,043,320 shares of the company’s stock, valued at approximately $15,427,066. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Adam Joseph Lowe sold 45,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $11.06, for a total transaction of $497,700.00. Following the transaction, the insider now directly owns 1,292,219 shares in the company, valued at $14,291,942.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,867,586 shares of company stock worth $82,870,442. Company insiders own 74.99% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CMPO. GSA Capital Partners LLP lifted its stake in shares of CompoSecure by 87.9% in the first quarter. GSA Capital Partners LLP now owns 103,875 shares of the company’s stock valued at $751,000 after buying an additional 48,586 shares in the last quarter. Pacific Ridge Capital Partners LLC bought a new stake in CompoSecure during the 1st quarter worth approximately $1,424,000. Vanguard Group Inc. increased its holdings in CompoSecure by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 843,476 shares of the company’s stock worth $6,098,000 after purchasing an additional 13,081 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of CompoSecure in the first quarter valued at approximately $158,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of CompoSecure during the first quarter valued at approximately $91,000. 37.56% of the stock is owned by institutional investors and hedge funds.

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.