CompoSecure (NASDAQ:CMPO) Stock Price Down 4.6% – Time to Sell?

CompoSecure, Inc. (NASDAQ:CMPO) fell 4.6% during mid-day trading on Monday . The company traded as low as $14.86 and last traded at $15.03. 153,528 shares were traded during mid-day trading, a decline of 82% from the average session volume of 842,419 shares. The stock had previously closed at $15.75.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CMPO. Needham & Company LLC reissued a “buy” rating and set a $16.00 price objective on shares of CompoSecure in a report on Monday, November 11th. TD Cowen assumed coverage on CompoSecure in a research note on Wednesday, December 18th. They set a “buy” rating and a $20.00 price target on the stock. B. Riley raised 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. JPMorgan Chase & Co. upped their target price on CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Finally, Benchmark reissued a “buy” rating and set a $17.00 price target on shares of CompoSecure in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.81.

CompoSecure Price Performance

The stock has a fifty day simple moving average of $15.50 and a 200-day simple moving average of $13.96. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -33.73, a P/E/G ratio of 2.51 and a beta of 0.78.

Insider Activity at CompoSecure

In other news, COO Gregoire Maes sold 55,137 shares of the 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adam Joseph Lowe sold 66,350 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $15.91, for a total value of $1,055,628.50. Following the sale, the insider now owns 1,358,692 shares in the company, valued at $21,616,789.72. This trade represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 180,660 shares of company stock worth $2,921,066 in the last three months. Company insiders own 74.99% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CMPO. JPMorgan Chase & Co. increased its stake in shares of CompoSecure by 617.5% during the fourth quarter. JPMorgan Chase & Co. now owns 372,709 shares of the company’s stock worth $5,714,000 after purchasing an additional 320,760 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in CompoSecure by 33.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,201 shares of the company’s stock worth $161,000 after buying an additional 2,547 shares during the last quarter. Cruiser Capital Advisors LLC increased its stake in CompoSecure by 15.7% during the 4th quarter. Cruiser Capital Advisors LLC now owns 27,547 shares of the company’s stock worth $422,000 after buying an additional 3,737 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of CompoSecure by 33.7% during the fourth quarter. Vanguard Group Inc. now owns 1,410,934 shares of the company’s stock valued at $21,630,000 after acquiring an additional 355,427 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of CompoSecure in the fourth quarter valued at approximately $75,000. Hedge funds and other 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.