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

CompoSecure, Inc. (NASDAQ:CMPO)’s share 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 changing hands.

Wall Street Analysts Forecast Growth

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

CompoSecure Trading Down 1.7 %

The stock has a market capitalization of $1.49 billion, a PE ratio of -38.43, a price-to-earnings-growth ratio of 2.66 and a beta of 0.78. The firm has a 50 day moving average price of $15.48 and a 200 day moving average price of $14.25.

Insider Transactions at CompoSecure

In related news, COO Gregoire Maes sold 24,323 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $16.25, for a total value of $395,248.75. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Resolute Compo Holdings Llc bought 221,186 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average cost of $15.01 per share, with a total value of $3,320,001.86. Following the acquisition, the director now directly owns 221,186 shares in the company, valued at $3,320,001.86. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold 180,660 shares of company stock worth $2,921,066 in the last three months. Corporate insiders own 74.99% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in CompoSecure by 1.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 40,944 shares of the company’s stock worth $574,000 after buying an additional 701 shares during the period. Principal Financial Group Inc. boosted its holdings in CompoSecure by 9.3% in the 4th quarter. Principal Financial Group Inc. now owns 11,399 shares of the company’s stock worth $175,000 after buying an additional 967 shares during the period. CWM LLC boosted its holdings in CompoSecure by 42.0% in the 3rd quarter. CWM LLC now owns 5,192 shares of the company’s stock worth $73,000 after buying an additional 1,536 shares during the period. Bard Associates Inc. boosted its holdings in shares of CompoSecure by 0.6% during the 3rd quarter. Bard Associates Inc. now owns 305,247 shares of the company’s stock valued at $4,280,000 after purchasing an additional 1,957 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of CompoSecure by 2.2% during the 4th quarter. First Trust Advisors LP now owns 100,124 shares of the company’s stock valued at $1,535,000 after purchasing an additional 2,149 shares during the last quarter. 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.