JPMorgan Chase & Co. Lowers CompoSecure (NASDAQ:CMPO) Price Target to $15.00

CompoSecure (NASDAQ:CMPO) had its price objective decreased by JPMorgan Chase & Co. from $16.00 to $15.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 23.20% from the stock’s current price.

CMPO has been the topic of a number of other reports. B. Riley raised their target price on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Benchmark reiterated a “buy” rating and issued a $17.00 price objective on shares of CompoSecure in a research report on Tuesday, November 12th. Needham & Company LLC decreased their price objective on CompoSecure from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday. Finally, TD Cowen started coverage on CompoSecure in a research report on Wednesday, December 18th. They set a “buy” rating and a $20.00 price target for the company. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, CompoSecure has an average rating of “Moderate Buy” and a consensus price target of $16.56.

CompoSecure Price Performance

Shares of NASDAQ CMPO traded up $0.16 during mid-day trading on Thursday, hitting $12.18. The company had a trading volume of 940,866 shares, compared to its average volume of 722,802. CompoSecure has a 12 month low of $4.70 and a 12 month high of $17.71. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -27.64, a PEG ratio of 2.63 and a beta of 0.78. The firm’s 50 day simple moving average is $15.18 and its two-hundred day simple moving average is $14.58.

Insider Transactions at CompoSecure

In other CompoSecure 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 in the company, valued at approximately $13,222,472.38. The trade was a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Resolute Compo Holdings Llc purchased 233,070 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was bought at an average cost of $16.57 per share, for a total transaction of $3,861,969.90. Following the acquisition, the director now directly owns 879,963 shares of the company’s stock, valued at $14,580,986.91. This represents a 36.03 % increase in their position. 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 166,319 shares valued at $2,686,288. Company insiders own 74.99% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

A number of hedge funds have recently modified their holdings of CMPO. Verition Fund Management LLC acquired a new position in shares of CompoSecure in the 3rd quarter valued at $798,000. Geode Capital Management LLC boosted its holdings in shares of CompoSecure by 34.1% in the third quarter. Geode Capital Management LLC now owns 585,746 shares of the company’s stock worth $8,214,000 after buying an additional 148,833 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of CompoSecure in the fourth quarter worth approximately $526,000. JPMorgan Chase & Co. raised its holdings in shares of CompoSecure by 555.0% during the third quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company’s stock valued at $728,000 after acquiring an additional 44,018 shares during the period. Finally, State Street Corp lifted its position in shares of CompoSecure by 20.1% in the 3rd quarter. State Street Corp now owns 395,691 shares of the company’s stock valued at $5,548,000 after acquiring an additional 66,232 shares in the last quarter. 37.56% of the stock is currently 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.