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

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Benchmark reiterated a “buy” rating and issued a $17.00 price target on shares of CompoSecure in a report on Tuesday, November 12th. B. Riley lifted their target price on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. upped their price target on shares of CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. TD Cowen began coverage on shares of CompoSecure in a report on Wednesday, December 18th. They set a “buy” rating and a $20.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $16.00 target price on shares of CompoSecure in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, CompoSecure has an average rating of “Moderate Buy” and an average target price of $16.81.

CompoSecure Stock Performance

The company has a market capitalization of $1.31 billion, a P/E ratio of -33.73, a PEG ratio of 2.51 and a beta of 0.78. The company’s fifty day simple moving average is $15.50 and its 200-day simple moving average is $13.96.

Insider Activity

In related news, insider Adam Joseph Lowe sold 34,310 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.24, for a total transaction of $557,194.40. Following the sale, the insider now owns 1,315,068 shares of the company’s stock, valued at $21,356,704.32. This trade represents a 2.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 approximately $12,496,947.60. The trade was a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 180,660 shares of company stock worth $2,921,066. Corporate insiders own 74.99% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

Several institutional investors and hedge funds have recently bought and sold shares of CMPO. nVerses Capital LLC acquired a new stake in shares of CompoSecure in the 3rd quarter worth $72,000. CWM LLC raised its stake in CompoSecure by 42.0% in the third quarter. CWM LLC now owns 5,192 shares of the company’s stock valued at $73,000 after buying an additional 1,536 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in CompoSecure in the third quarter worth about $74,000. KLP Kapitalforvaltning AS purchased a new stake in shares of CompoSecure during the fourth quarter worth about $75,000. Finally, FMR LLC increased its holdings in shares of CompoSecure by 693.0% during the third quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after acquiring an additional 5,156 shares in the last quarter. 37.56% of the stock is owned by hedge funds and other institutional investors.

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.