CompoSecure (NASDAQ:CMPO) Price Target Raised to $25.00 at Needham & Company LLC

CompoSecure (NASDAQ:CMPO) had its price target boosted by Needham & Company LLC from $22.00 to $25.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the company. B. Riley reaffirmed a “buy” rating and issued a $23.00 price target (up previously from $17.00) on shares of CompoSecure in a research report on Monday, August 18th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $16.00 price objective on shares of CompoSecure in a research note on Wednesday, August 20th. Finally, Benchmark boosted their target price on CompoSecure from $17.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.50.

CompoSecure Trading Up 2.8%

CompoSecure stock opened at $21.11 on Tuesday. CompoSecure has a 1-year low of $9.24 and a 1-year high of $26.78. The firm’s fifty day simple moving average is $19.88 and its 200-day simple moving average is $16.17. The company has a market capitalization of $2.16 billion, a P/E ratio of -12.57 and a beta of 0.97.

Insiders Place Their Bets

In other CompoSecure news, Director Rebecca Corbin Loree purchased 5,240 shares of the business’s stock in a transaction dated Friday, August 29th. The stock was bought at an average cost of $19.09 per share, for a total transaction of $100,031.60. Following the completion of the acquisition, the director directly owned 5,240 shares in the company, valued at $100,031.60. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin M. Moriarty acquired 13,000 shares of CompoSecure stock in a transaction dated Wednesday, August 13th. The stock was acquired at an average cost of $19.28 per share, with a total value of $250,640.00. Following the completion of the transaction, the director directly owned 13,000 shares of the company’s stock, valued at $250,640. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 217,125 shares of company stock worth $4,139,550 in the last 90 days. 52.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On CompoSecure

Several large investors have recently bought and sold shares of the stock. Ballast Asset Management LP boosted its holdings in CompoSecure by 1.5% in the 3rd quarter. Ballast Asset Management LP now owns 293,311 shares of the company’s stock valued at $6,107,000 after purchasing an additional 4,363 shares during the period. Principal Financial Group Inc. raised its position in shares of CompoSecure by 1.5% during the third quarter. Principal Financial Group Inc. now owns 62,463 shares of the company’s stock valued at $1,300,000 after buying an additional 944 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of CompoSecure during the third quarter valued at about $34,367,000. AlphaQuest LLC lifted its stake in shares of CompoSecure by 103.4% in the third quarter. AlphaQuest LLC now owns 15,509 shares of the company’s stock valued at $323,000 after buying an additional 7,884 shares during the period. Finally, Arizona State Retirement System lifted its stake in shares of CompoSecure by 14.1% in the third quarter. Arizona State Retirement System now owns 13,614 shares of the company’s stock valued at $283,000 after buying an additional 1,679 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.