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

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

Other analysts also recently issued research reports about the stock. Benchmark reissued a “buy” rating and issued a $17.00 price objective on shares of CompoSecure in a report on Tuesday, November 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price target on shares of CompoSecure in a report on Monday, November 11th. Bank of America upped their price target on shares of CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Compass Point upped their price target on shares of CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Finally, Lake Street Capital upped their price target on shares of CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, CompoSecure presently has an average rating of “Moderate Buy” and an average target price of $16.36.

CompoSecure Stock Up 0.1 %

NASDAQ CMPO opened at $15.96 on Monday. The company 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 has a 50-day moving average price of $14.74 and a two-hundred day moving average price of $10.79.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business 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 earned $0.24 EPS. Equities analysts expect that CompoSecure will post 1.02 EPS for the current year.

Insider Buying and Selling

In related news, insider Adam Joseph Lowe sold 5,730 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $12.05, for a total transaction of $69,046.50. Following the completion of the transaction, the insider now directly owns 1,292,219 shares in the company, valued at $15,571,238.95. This represents a 0.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Gregoire Maes sold 24,323 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $16.25, for a total transaction of $395,248.75. Following the transaction, the chief operating officer now owns 762,009 shares of the company’s stock, valued at approximately $12,382,646.25. This represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,666,590 shares of company stock worth $80,774,821 in the last three months. 74.99% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CompoSecure

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC increased its position in CompoSecure by 205.9% in 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 period. nVerses Capital LLC acquired a new position in CompoSecure in the 3rd quarter valued at approximately $72,000. Wolverine Asset Management LLC acquired a new position in CompoSecure in the 3rd quarter valued at approximately $74,000. FMR LLC increased its position in CompoSecure by 693.0% in 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 during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in CompoSecure in the 3rd quarter valued at approximately $140,000. 37.56% of the stock is currently owned by institutional investors and hedge funds.

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.