CompoSecure (NASDAQ:CMPO) Price Target Raised to $25.00

CompoSecure (NASDAQ:CMPO) had its price target boosted by Needham & Company LLC from $22.00 to $25.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also issued reports on the stock. Benchmark lifted their price target on shares of CompoSecure from $17.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. B. Riley reiterated a “buy” rating and set a $23.00 price target (up from $17.00) on shares of CompoSecure in a report on Monday, August 18th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $16.00 price objective on shares of CompoSecure in a report on Wednesday, August 20th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.50.

CompoSecure Stock Down 4.3%

CMPO stock opened at $21.13 on Tuesday. The company’s 50-day moving average price is $19.96 and its two-hundred day moving average price is $16.25. The firm has a market cap of $2.16 billion, a P/E ratio of -12.58 and a beta of 0.97. CompoSecure has a 12 month low of $9.24 and a 12 month high of $26.78.

Insiders Place Their Bets

In other CompoSecure news, Director Rebecca Corbin Loree bought 5,240 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The stock was acquired at an average price of $19.09 per share, with a total value of $100,031.60. Following the completion of the purchase, the director directly owned 5,240 shares of the company’s stock, valued at approximately $100,031.60. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kevin M. Moriarty purchased 13,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were acquired at an average price of $19.28 per share, for a total transaction of $250,640.00. Following the completion of the acquisition, the director directly owned 13,000 shares in the company, valued at approximately $250,640. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 217,125 shares of company stock valued at $4,139,550. Insiders own 52.10% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. raised its holdings in shares of CompoSecure by 4.2% in the second quarter. Raymond James Financial Inc. now owns 15,825 shares of the company’s stock valued at $223,000 after purchasing an additional 639 shares during the last quarter. Tower Research Capital LLC TRC increased its stake 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. Blue Trust Inc. lifted its position in shares of CompoSecure by 3.7% during the 3rd quarter. Blue Trust Inc. now owns 25,867 shares of the company’s stock worth $539,000 after buying an additional 934 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of CompoSecure by 4.0% in the 2nd quarter. California State Teachers Retirement System now owns 24,089 shares of the company’s stock worth $339,000 after buying an additional 937 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of CompoSecure by 1.5% in the third quarter. Principal Financial Group Inc. now owns 62,463 shares of the company’s stock valued at $1,300,000 after acquiring an additional 944 shares in the last quarter. 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.