CompoSecure (NASDAQ:CMPO) Upgraded at JPMorgan Chase & Co.

CompoSecure (NASDAQ:CMPO) was upgraded by research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a note issued to investors on Wednesday, MarketBeat.com reports. The firm currently has a $20.00 target price on the stock, up from their prior target price of $16.00. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 3.86% from the company’s current price.

Several other equities analysts have also issued reports on the company. Benchmark upped their price target on CompoSecure from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. TD Cowen boosted their price objective on CompoSecure from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Needham & Company LLC raised their target price on shares of CompoSecure from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Cowen reiterated a “buy” rating on shares of CompoSecure in a research report on Tuesday, November 4th. Finally, Lake Street Capital increased their price objective on shares of CompoSecure from $21.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, CompoSecure currently has an average rating of “Moderate Buy” and an average price target of $25.17.

CompoSecure Price Performance

CMPO stock opened at $20.80 on Wednesday. The company has a 50 day moving average price of $20.06 and a 200 day moving average price of $16.54. CompoSecure has a fifty-two week low of $9.24 and a fifty-two week high of $26.78. The stock has a market capitalization of $2.60 billion, a PE ratio of -12.38 and a beta of 0.97.

Insiders Place Their Bets

In related news, COO Gregoire Maes sold 97,226 shares of the firm’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $19.36, for a total value 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 approximately $15,082,640.32. This trade represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rebecca Corbin Loree bought 5,240 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The stock was purchased at an average cost of $19.09 per share, with a total value of $100,031.60. Following the completion of the purchase, the director directly owned 5,240 shares of the company’s stock, valued at $100,031.60. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. 52.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CMPO. Versant Capital Management Inc grew its stake in CompoSecure by 291.8% during the third quarter. Versant Capital Management Inc now owns 2,018 shares of the company’s stock worth $42,000 after buying an additional 1,503 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of CompoSecure by 25.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,478 shares of the company’s stock worth $49,000 after acquiring an additional 713 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in CompoSecure by 80.0% in the second quarter. Ameritas Investment Partners Inc. now owns 4,488 shares of the company’s stock valued at $63,000 after acquiring an additional 1,995 shares during the last quarter. AlphaQuest LLC acquired a new position in CompoSecure during the first quarter valued at approximately $72,000. Finally, KLP Kapitalforvaltning AS lifted its stake in CompoSecure by 73.5% during the second quarter. KLP Kapitalforvaltning AS now owns 8,500 shares of the company’s stock worth $120,000 after purchasing an additional 3,600 shares during the last quarter. Institutional investors and hedge funds 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.