CompoSecure (NASDAQ:CMPO) Given Buy Rating at Needham & Company LLC

CompoSecure (NASDAQ:CMPO)‘s stock had its “buy” rating restated by research analysts at Needham & Company LLC in a research report issued on Monday,Benzinga reports. They currently have a $16.00 price target on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 14.78% from the company’s previous close.

A number of other research analysts have also weighed in on CMPO. Bank of America upped their price objective on CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. raised their target price on CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Compass Point raised their target price on CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a report on Tuesday, August 20th. Benchmark raised their target price on CompoSecure from $12.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, Lake Street Capital raised their target price on CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.07.

CompoSecure Trading Down 10.8 %

Shares of CMPO opened at $13.94 on Monday. The stock’s 50 day moving average is $13.88 and its two-hundred day moving average is $9.93. CompoSecure has a twelve month low of $4.61 and a twelve month high of $16.14. The firm has a market capitalization of $1.15 billion, a PE ratio of 13.94, a P/E/G ratio of 1.14 and a beta of 0.76.

Insider Activity at CompoSecure

In related news, Director Michele Logan sold 10,017,983 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $75,635,771.65. Following the completion of the transaction, the director now owns 2,043,320 shares of the company’s stock, valued at approximately $15,427,066. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of CompoSecure stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $75,635,771.65. Following the completion of the sale, the director now owns 2,043,320 shares in the company, valued at $15,427,066. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jonathan Wilk sold 618,014 shares of CompoSecure stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $4,666,005.70. Following the completion of the sale, the chief executive officer now owns 618,013 shares of the company’s stock, valued at $4,665,998.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,867,586 shares of company stock valued at $82,870,442. 74.99% of the stock is owned by insiders.

Institutional Trading of CompoSecure

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in CompoSecure by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 843,476 shares of the company’s stock worth $6,098,000 after acquiring an additional 13,081 shares during the period. Boston Partners boosted its holdings in CompoSecure by 40.8% in the 1st quarter. Boston Partners now owns 557,136 shares of the company’s stock worth $4,028,000 after acquiring an additional 161,333 shares during the period. Pacific Ridge Capital Partners LLC boosted its holdings in CompoSecure by 146.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock worth $3,308,000 after acquiring an additional 289,451 shares during the period. Bard Associates Inc. boosted its holdings in CompoSecure by 0.6% in the 3rd quarter. Bard Associates Inc. now owns 305,247 shares of the company’s stock worth $4,280,000 after acquiring an additional 1,957 shares during the period. Finally, Rice Hall James & Associates LLC purchased a new position in CompoSecure in the 3rd quarter worth approximately $3,766,000. 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.