CompoSecure (NASDAQ:CMPO) Upgraded at JPMorgan Chase & Co.

CompoSecure (NASDAQ:CMPO) was upgraded by equities research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report released on Wednesday, MarketBeat reports. The brokerage currently has a $20.00 price target on the stock, up from their previous price target of $16.00. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 3.86% from the stock’s previous close.

Several other research analysts also recently issued reports on the stock. Cowen reissued a “buy” rating on shares of CompoSecure in a research report on Tuesday, November 4th. B. Riley reiterated a “buy” rating and set a $23.00 price target (up from $17.00) on shares of CompoSecure in a research report on Monday, August 18th. TD Cowen raised their price objective on shares of CompoSecure from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Needham & Company LLC lifted their price target on shares of CompoSecure from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, Lake Street Capital raised their price target on CompoSecure from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, CompoSecure has an average rating of “Moderate Buy” and an average target price of $25.17.

CompoSecure Price Performance

Shares of CMPO opened at $20.80 on Wednesday. The stock has a market cap of $2.60 billion, a PE ratio of -12.38 and a beta of 0.97. CompoSecure has a 1-year low of $9.24 and a 1-year high of $26.78. The firm has a fifty day moving average price of $20.06 and a 200 day moving average price of $16.54.

Insider Activity at CompoSecure

In related news, COO Gregoire Maes sold 97,226 shares of the firm’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $19.36, for a total transaction of $1,882,295.36. Following the transaction, the chief operating officer directly owned 779,062 shares in the company, valued at $15,082,640.32. This trade represents a 11.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Rebecca Corbin Loree purchased 5,240 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was bought at an average cost of $19.09 per share, for a total transaction of $100,031.60. Following the acquisition, the director owned 5,240 shares in the company, valued at approximately $100,031.60. The trade was a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 52.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc raised its position in CompoSecure by 291.8% during the third quarter. Versant Capital Management Inc now owns 2,018 shares of the company’s stock valued at $42,000 after buying an additional 1,503 shares during the period. Tower Research Capital LLC TRC grew its holdings in CompoSecure by 25.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,478 shares of the company’s stock valued at $49,000 after buying an additional 713 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of CompoSecure by 80.0% in the second quarter. Ameritas Investment Partners Inc. now owns 4,488 shares of the company’s stock valued at $63,000 after buying an additional 1,995 shares during the period. AlphaQuest LLC bought a new position in shares of CompoSecure during the 1st quarter worth about $72,000. Finally, Summit Securities Group LLC acquired a new stake in shares of CompoSecure in the 1st quarter valued at $107,000. 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.