Lake Street Capital Has Lowered Expectations for CompoSecure (NASDAQ:CMPO) Stock Price

CompoSecure (NASDAQ:CMPO) had its target price cut by Lake Street Capital from $18.00 to $15.00 in a research report released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently weighed in on CMPO. JPMorgan Chase & Co. dropped their target price on CompoSecure from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday. Benchmark reiterated a “buy” rating and issued a $17.00 target price on shares of CompoSecure in a report on Tuesday, November 12th. TD Cowen assumed coverage on CompoSecure in a report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 target price on the stock. Needham & Company LLC dropped their target price on CompoSecure from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday. Finally, B. Riley upped their target price on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.19.

CompoSecure Trading Down 3.8 %

NASDAQ CMPO opened at $11.56 on Thursday. The stock’s 50-day moving average price is $15.09 and its two-hundred day moving average price is $14.56. The company has a market cap of $1.02 billion, a PE ratio of -26.27, a PEG ratio of 2.63 and a beta of 0.77. CompoSecure has a 1 year low of $5.58 and a 1 year high of $17.71.

Insider Activity at CompoSecure

In related news, insider Adam Joseph Lowe sold 66,350 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $15.91, for a total value of $1,055,628.50. Following the completion of the sale, the insider now owns 1,358,692 shares of the company’s stock, valued at approximately $21,616,789.72. The trade was a 4.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Resolute Compo Holdings Llc purchased 221,186 shares of the 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 purchase, the director now owns 221,186 shares in the company, valued at $3,320,001.86. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 659,376 shares of company stock valued at $10,429,021 and sold 76,872 shares valued at $1,224,846. 74.99% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CompoSecure

A number of large investors have recently added to or reduced their stakes in CMPO. Wealth Enhancement Advisory Services LLC boosted its position in CompoSecure by 1.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,944 shares of the company’s stock worth $574,000 after purchasing an additional 701 shares during the period. Principal Financial Group Inc. bought a new stake in CompoSecure during the third quarter worth approximately $146,000. Wolverine Asset Management LLC bought a new stake in CompoSecure during the third quarter worth approximately $74,000. Bard Associates Inc. boosted its position in CompoSecure by 0.6% during the third quarter. Bard Associates Inc. now owns 305,247 shares of the company’s stock worth $4,280,000 after purchasing an additional 1,957 shares during the period. Finally, Islay Capital Management LLC bought a new stake in CompoSecure during the third quarter worth approximately $633,000. Institutional investors 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.