CompoSecure (NASDAQ:CMPO) Price Target Raised to $22.00

CompoSecure (NASDAQ:CMPO) had its price target upped by JPMorgan Chase & Co. from $20.00 to $22.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 7.97% from the company’s current price.

A number of other research firms have also recently issued reports on CMPO. Benchmark lifted their target price on CompoSecure from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. TD Cowen raised their price target on shares of CompoSecure from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Cowen reiterated a “buy” rating on shares of CompoSecure in a research report on Tuesday, November 4th. Needham & Company LLC increased their price objective on shares of CompoSecure from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Lake Street Capital upped their price target on shares of CompoSecure from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.50.

CompoSecure Stock Up 3.1%

Shares of CMPO stock traded up $0.61 during trading hours on Thursday, reaching $20.38. The company’s stock had a trading volume of 184,981 shares, compared to its average volume of 940,753. CompoSecure has a fifty-two week low of $9.24 and a fifty-two week high of $26.78. The firm’s 50 day simple moving average is $20.06 and its 200-day simple moving average is $17.38. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of -12.16 and a beta of 0.97.

Institutional Investors Weigh In On CompoSecure

Large investors have recently modified their holdings of the company. Versant Capital Management Inc lifted its holdings in CompoSecure by 291.8% in 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 raised its position in shares of CompoSecure by 25.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,478 shares of the company’s stock worth $49,000 after acquiring an additional 713 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of CompoSecure by 80.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,488 shares of the company’s stock valued at $63,000 after purchasing an additional 1,995 shares during the period. AlphaQuest LLC bought a new stake in shares of CompoSecure during the 1st quarter valued at about $72,000. Finally, Summit Securities Group LLC acquired a new stake in CompoSecure during the first quarter worth approximately $107,000. 37.56% of the stock is currently owned by institutional investors and hedge funds.

CompoSecure Company Profile

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.