CompoSecure (NASDAQ:CMPO) Given “Buy” Rating at B. Riley

B. Riley reiterated their buy rating on shares of CompoSecure (NASDAQ:CMPO) in a research note issued to investors on Monday, Marketbeat Ratings reports. They currently have a $23.00 target price on the stock, up from their previous target price of $17.00.

Other equities analysts have also recently issued research reports about the company. Wall Street Zen cut CompoSecure from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Benchmark upped their price target on CompoSecure from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $15.00 price target on shares of CompoSecure in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, CompoSecure currently has a consensus rating of “Moderate Buy” and an average target price of $17.07.

CompoSecure Price Performance

NASDAQ CMPO opened at $18.74 on Monday. CompoSecure has a 12 month low of $9.24 and a 12 month high of $19.60. The company has a 50-day moving average of $14.90 and a 200-day moving average of $13.31. The company has a market cap of $1.92 billion, a P/E ratio of -11.15 and a beta of 0.94.

Insider Buying and Selling at CompoSecure

In related news, Director Kevin M. Moriarty bought 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average price of $19.28 per share, for a total transaction of $250,640.00. Following the transaction, the director directly owned 13,000 shares of the company’s stock, valued at approximately $250,640. This represents a ∞ increase 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 97,226 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $19.36, for a total transaction of $1,882,295.36. Following the completion of the transaction, the chief operating officer owned 779,062 shares of the company’s stock, valued at $15,082,640.32. This represents a 11.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 217,125 shares of company stock valued at $4,139,550 in the last ninety days. Company insiders own 52.10% of the company’s stock.

Institutional Investors Weigh In On CompoSecure

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in CompoSecure by 449.5% in the 4th quarter. Bank of America Corp DE now owns 651,211 shares of the company’s stock valued at $9,983,000 after acquiring an additional 532,708 shares during the last quarter. Squarepoint Ops LLC lifted its stake in CompoSecure by 29.7% during the fourth quarter. Squarepoint Ops LLC now owns 270,145 shares of the company’s stock valued at $4,141,000 after buying an additional 61,928 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in CompoSecure by 82.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 62,563 shares of the company’s stock valued at $684,000 after buying an additional 28,281 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in CompoSecure during the first quarter valued at about $726,000. Finally, Northern Trust Corp lifted its stake in CompoSecure by 14.1% during the fourth quarter. Northern Trust Corp now owns 242,854 shares of the company’s stock valued at $3,723,000 after buying an additional 30,086 shares in the last quarter. 37.56% of the stock is 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.