CompoSecure (NASDAQ:CMPO) Shares Down 8.8% – What’s Next?

CompoSecure, Inc. (NASDAQ:CMPO) shares traded down 8.8% on Monday . The company 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.

Analyst Ratings Changes

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

CompoSecure Trading Down 8.9 %

The firm’s fifty day moving average price is $15.41 and its 200 day moving average price is $14.59. The firm has a market capitalization of $1.07 billion, a PE ratio of -27.61, a PEG ratio of 2.63 and a beta of 0.78.

Insiders Place Their Bets

In other CompoSecure news, Director Resolute Compo Holdings Llc purchased 221,186 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were bought at an average price of $15.01 per share, for a total transaction of $3,320,001.86. Following the purchase, 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Gregoire Maes sold 55,137 shares of CompoSecure stock in a transaction on 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 approximately $12,496,947.60. The trade was a 6.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, 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. Insiders own 74.99% of the company’s stock.

Institutional Trading of CompoSecure

Several large investors have recently made changes to their positions in the stock. Ashford Capital Management Inc. acquired a new stake in CompoSecure in the 4th quarter worth approximately $236,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of CompoSecure in the fourth quarter valued at approximately $177,000. Woodson Capital Management LP lifted its stake in shares of CompoSecure by 62.3% in the fourth quarter. Woodson Capital Management LP now owns 1,250,000 shares of the company’s stock worth $19,162,000 after buying an additional 480,000 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in shares of CompoSecure by 29.7% during the 4th quarter. Squarepoint Ops LLC now owns 270,145 shares of the company’s stock worth $4,141,000 after buying an additional 61,928 shares during the period. Finally, Tidal Investments LLC grew its stake in CompoSecure by 4.3% in the 4th quarter. Tidal Investments LLC now owns 1,604,360 shares of the company’s stock valued at $24,595,000 after buying an additional 66,880 shares during the last quarter. 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.