CompoSecure, Inc. (NASDAQ:CMPO) Receives $24.50 Consensus Price Target from Analysts

CompoSecure, Inc. (NASDAQ:CMPO) has received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $24.50.

A number of brokerages have recently issued reports on CMPO. TD Cowen increased their target price on CompoSecure from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Benchmark raised their price target on shares of CompoSecure from $24.00 to $32.00 and gave the company a “buy” rating in a research note 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. Cowen restated a “buy” rating on shares of CompoSecure in a report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $16.00 price target on shares of CompoSecure in a research report on Wednesday, August 20th.

CompoSecure Trading Down 1.0%

Shares of CMPO stock opened at $20.80 on Friday. CompoSecure has a 12-month low of $9.24 and a 12-month high of $26.78. The business’s fifty day simple moving average is $20.06 and its 200-day simple moving average is $16.54. The company has a market cap of $2.60 billion, a PE ratio of -12.38 and a beta of 0.97.

Insider Buying and Selling

In other CompoSecure news, COO Gregoire Maes sold 97,226 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $19.36, for a total transaction of $1,882,295.36. Following the sale, the chief operating officer owned 779,062 shares of the company’s stock, valued at approximately $15,082,640.32. This trade represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rebecca Corbin Loree bought 5,240 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were purchased at an average price of $19.09 per share, for a total transaction of $100,031.60. Following the transaction, the director directly owned 5,240 shares of the company’s stock, valued at approximately $100,031.60. This represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. 52.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CompoSecure

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMPO. Locust Wood Capital Advisers LLC boosted its holdings in shares of CompoSecure by 60.3% in the 1st quarter. Locust Wood Capital Advisers LLC now owns 7,339,015 shares of the company’s stock valued at $79,775,000 after purchasing an additional 2,759,872 shares during the last quarter. Corsair Capital Management L.P. acquired a new position in CompoSecure in the first quarter valued at $19,901,000. Thrivent Financial for Lutherans purchased a new stake in CompoSecure during the third quarter valued at about $34,367,000. Vanguard Group Inc. increased its stake in CompoSecure by 65.7% during the first quarter. Vanguard Group Inc. now owns 2,337,323 shares of the company’s stock worth $25,407,000 after acquiring an additional 926,389 shares during the last quarter. Finally, AlTi Global Inc. raised its holdings in shares of CompoSecure by 117.0% in the 3rd quarter. AlTi Global Inc. now owns 807,557 shares of the company’s stock worth $16,813,000 after purchasing an additional 435,347 shares during the period. Institutional investors and hedge funds own 37.56% of the company’s stock.

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.