JPMorgan Chase & Co. Increases CompoSecure (NASDAQ:CMPO) Price Target to $16.00

CompoSecure (NASDAQ:CMPO) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from $12.00 to $16.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 0.25% from the company’s current price.

Several other equities research analysts have also recently commented on CMPO. B. Riley boosted their price objective on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Compass Point lifted their price target on shares of CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Bank of America lifted their price target on shares of CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price target on shares of CompoSecure in a research note on Monday, November 11th. Finally, Benchmark reiterated a “buy” rating and issued a $17.00 price target on shares of CompoSecure in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.36.

CompoSecure Trading Up 0.1 %

CMPO opened at $15.96 on Monday. The stock has a market capitalization of $1.41 billion, a P/E ratio of -36.27, a P/E/G ratio of 1.26 and a beta of 0.76. CompoSecure has a 12 month low of $4.61 and a 12 month high of $16.38. The firm’s fifty day simple moving average is $14.74 and its 200 day simple moving average is $10.79.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The company had revenue of $107.14 million during the quarter, compared to the consensus estimate of $105.11 million. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. During the same period in the prior year, the firm posted $0.24 earnings per share. On average, equities research analysts predict that CompoSecure will post 1.02 EPS for the current fiscal year.

Insider Transactions at CompoSecure

In other news, 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 transaction of $395,248.75. Following the transaction, the chief operating officer now directly owns 762,009 shares in the company, valued at $12,382,646.25. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Adam Joseph Lowe sold 5,730 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $12.05, for a total transaction of $69,046.50. Following the transaction, the insider now owns 1,292,219 shares in the company, valued at $15,571,238.95. This represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,666,590 shares of company stock worth $80,774,821 in the last ninety days. Insiders own 74.99% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CMPO. Woodson Capital Management LP acquired a new position in CompoSecure in the 3rd quarter valued at about $10,795,000. Concentric Capital Strategies LP acquired a new position in CompoSecure in the 3rd quarter valued at about $5,445,000. Progeny 3 Inc. acquired a new position in CompoSecure in the 3rd quarter valued at about $5,243,000. Pacific Ridge Capital Partners LLC grew its stake in CompoSecure by 146.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock valued at $3,308,000 after buying an additional 289,451 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new position in CompoSecure in the 3rd quarter valued at about $3,766,000. 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.