CompoSecure (NASDAQ:CMPO) Trading Down 8.8% – Here’s Why

CompoSecure, Inc. (NASDAQ:CMPO)’s stock price traded down 8.8% during trading on Monday . The stock traded as low as $12.25 and last traded at $12.17. 1,008,144 shares were traded during mid-day trading, a decline of 4% from the average session volume of 1,052,368 shares. The stock had previously closed at $13.34.

Wall Street Analyst Weigh In

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

CompoSecure Trading Down 8.9 %

The company has a market capitalization of $1.07 billion, a P/E ratio of -27.61, a PEG ratio of 2.63 and a beta of 0.78. The firm’s 50 day moving average price is $15.41 and its two-hundred day moving average price is $14.59.

Insider Activity

In other CompoSecure news, Director Resolute Compo Holdings Llc bought 221,186 shares of CompoSecure stock in a transaction dated Wednesday, February 12th. The stock was bought at an average price of $15.01 per share, with a total value of $3,320,001.86. Following the completion of the transaction, the director now owns 221,186 shares in the company, valued at $3,320,001.86. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Gregoire Maes sold 55,137 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $16.40, for a total transaction of $904,246.80. Following the completion of the sale, the chief operating officer now directly owns 762,009 shares of the company’s stock, valued at $12,496,947.60. This represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 659,376 shares of company stock valued at $10,429,021 and have sold 166,319 shares valued at $2,686,288. 74.99% of the stock is owned by insiders.

Institutional Investors Weigh In On CompoSecure

Hedge funds and other institutional investors have recently made changes to their positions in the business. Verition Fund Management LLC bought a new position in CompoSecure during the 3rd quarter worth $798,000. Geode Capital Management LLC increased its position in shares of CompoSecure by 34.1% in the third quarter. Geode Capital Management LLC now owns 585,746 shares of the company’s stock worth $8,214,000 after purchasing an additional 148,833 shares during the period. JPMorgan Chase & Co. increased its position in shares of CompoSecure by 555.0% in the third quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company’s stock worth $728,000 after purchasing an additional 44,018 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in CompoSecure in the fourth quarter valued at about $526,000. Finally, State Street Corp lifted its position in CompoSecure by 20.1% during the third quarter. State Street Corp now owns 395,691 shares of the company’s stock worth $5,548,000 after purchasing an additional 66,232 shares during the period. 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.