CompoSecure (NASDAQ:CMPO) Price Target Raised to $26.00

CompoSecure (NASDAQ:CMPO) had its price target hoisted by stock analysts at TD Cowen from $22.00 to $26.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 21.04% from the company’s current price.

A number of other research analysts have also weighed in on CMPO. Needham & Company LLC raised their price objective on CompoSecure from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday. Benchmark lifted their target price on CompoSecure from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday. Cowen reaffirmed a “buy” rating on shares of CompoSecure in a report on Tuesday. B. Riley reiterated a “buy” rating and set a $23.00 target price (up from $17.00) on shares of CompoSecure in a research report on Monday, August 18th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $16.00 price objective on shares of CompoSecure in a research report on Wednesday, August 20th. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.50.

CompoSecure Stock Up 4.6%

CMPO stock traded up $0.94 during midday trading on Tuesday, hitting $21.48. The company’s stock had a trading volume of 1,485,454 shares, compared to its average volume of 935,174. The stock’s 50-day moving average price is $19.86 and its 200 day moving average price is $16.10. CompoSecure has a 1 year low of $9.24 and a 1 year high of $26.78. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of -12.78 and a beta of 0.97.

Insider Activity

In related news, Director Rebecca Corbin Loree bought 5,240 shares of the stock in a transaction on Friday, August 29th. The shares were bought at an average cost of $19.09 per share, for a total transaction of $100,031.60. Following the completion of the transaction, the director owned 5,240 shares of the company’s stock, valued at $100,031.60. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Timothy Walter Fitzsimmons sold 100,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $18.74, for a total transaction of $1,874,000.00. Following the completion of the sale, the chief financial officer owned 759,789 shares in the company, valued at $14,238,445.86. This represents a 11.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 217,125 shares of company stock valued at $4,139,550. Company insiders own 52.10% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

Several institutional investors and hedge funds have recently modified their holdings of the company. Locust Wood Capital Advisers LLC grew its holdings in CompoSecure by 60.3% during the 1st quarter. Locust Wood Capital Advisers LLC now owns 7,339,015 shares of the company’s stock worth $79,775,000 after acquiring an additional 2,759,872 shares in the last quarter. Corsair Capital Management L.P. acquired a new position in CompoSecure during the 1st quarter worth $19,901,000. Thrivent Financial for Lutherans acquired a new position in CompoSecure during the 3rd quarter worth $34,367,000. Vanguard Group Inc. grew its holdings in CompoSecure by 65.7% during the 1st 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 in the last quarter. Finally, Jupiter Asset Management Ltd. grew its holdings in CompoSecure by 319.0% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 570,633 shares of the company’s stock worth $8,040,000 after acquiring an additional 434,456 shares in the last quarter. Hedge funds and other institutional investors own 37.56% of the company’s stock.

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.