CompoSecure (NASDAQ:CMPO) Shares Gap Up – Still a Buy?

CompoSecure, Inc. (NASDAQ:CMPO)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $15.64, but opened at $16.88. CompoSecure shares last traded at $16.41, with a volume of 163,615 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CMPO shares. JPMorgan Chase & Co. lifted their price objective on CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Needham & Company LLC reissued a “buy” rating and set a $16.00 price objective on shares of CompoSecure in a research note on Monday, November 11th. TD Cowen initiated coverage on CompoSecure in a research report on Wednesday, December 18th. They set a “buy” rating and a $20.00 price target on the stock. Benchmark restated a “buy” rating and set a $17.00 price target on shares of CompoSecure in a research report on Tuesday, November 12th. Finally, B. Riley raised their price target on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.81.

CompoSecure Stock Down 1.7 %

The stock has a market cap of $1.49 billion, a PE ratio of -38.43, a P/E/G ratio of 2.66 and a beta of 0.78. The company has a fifty day moving average price of $15.48 and a 200 day moving average price of $14.25.

Insider Transactions at CompoSecure

In related news, insider Adam Joseph Lowe sold 34,310 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.24, for a total transaction of $557,194.40. Following the transaction, the insider now owns 1,315,068 shares in the company, valued at $21,356,704.32. The trade was a 2.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Gregoire Maes sold 24,323 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $16.25, for a total value of $395,248.75. Following the transaction, the chief operating officer now owns 762,009 shares in the company, valued at approximately $12,382,646.25. This represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 180,660 shares of company stock worth $2,921,066. Company insiders own 74.99% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CMPO. CWM LLC increased its holdings in CompoSecure by 42.0% during the 3rd quarter. CWM LLC now owns 5,192 shares of the company’s stock valued at $73,000 after purchasing an additional 1,536 shares during the period. Wolverine Asset Management LLC purchased a new position in CompoSecure during the 3rd quarter valued at about $74,000. KLP Kapitalforvaltning AS bought a new stake in CompoSecure during the 4th quarter valued at approximately $75,000. FMR LLC boosted its position in CompoSecure by 693.0% during the 3rd quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after acquiring an additional 5,156 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in CompoSecure during the 3rd quarter valued at approximately $140,000. 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.