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

Needham & Company LLC reaffirmed their buy rating on shares of CompoSecure (NASDAQ:CMPO) in a report issued on Monday morning,Benzinga reports. Needham & Company LLC currently has a $16.00 price objective on the stock.

A number of other equities analysts also recently commented on the company. Lake Street Capital lifted their target price on CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Bank of America lifted their target price on CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Benchmark lifted their target price on CompoSecure from $12.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Compass Point lifted their target price on CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Finally, JPMorgan Chase & Co. lifted their target price on CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $15.79.

CompoSecure Stock Performance

NASDAQ:CMPO opened at $14.13 on Monday. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -32.11, a price-to-earnings-growth ratio of 1.03 and a beta of 0.76. CompoSecure has a one year low of $4.61 and a one year high of $16.14. The stock has a 50-day simple moving average of $13.92 and a 200 day simple moving average of $9.98.

Insider Activity

In related news, Director Michele Logan sold 10,017,983 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total transaction of $75,635,771.65. Following the sale, the director now owns 2,043,320 shares of the company’s stock, valued at $15,427,066. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Michele Logan sold 10,017,983 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total transaction of $75,635,771.65. Following the sale, the director now owns 2,043,320 shares of the company’s stock, valued at $15,427,066. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jonathan Wilk sold 618,014 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $4,666,005.70. Following the sale, the chief executive officer now directly owns 618,013 shares in the company, valued at approximately $4,665,998.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,867,586 shares of company stock valued at $82,870,442. Insiders own 74.99% of the company’s stock.

Institutional Investors Weigh In On CompoSecure

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC lifted its position in shares of CompoSecure by 205.9% during the 2nd quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after acquiring an additional 2,461 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of CompoSecure during the 3rd quarter valued at $72,000. Wolverine Asset Management LLC acquired a new stake in shares of CompoSecure during the 3rd quarter valued at $74,000. Sandia Investment Management LP acquired a new stake in shares of CompoSecure during the 2nd quarter valued at $68,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of CompoSecure during the 3rd quarter valued at $146,000. Institutional investors and hedge funds 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.