CompoSecure (NASDAQ:CMPO) Shares Gap Down – Here’s Why

CompoSecure, Inc. (NASDAQ:CMPO)’s share price gapped down prior to trading on Friday . The stock had previously closed at $15.63, but opened at $12.70. CompoSecure shares last traded at $14.17, with a volume of 1,165,394 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Compass Point raised their price objective on shares of CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Needham & Company LLC boosted their price target on CompoSecure from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Lake Street Capital increased their price objective on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their target price on CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Finally, Benchmark upped their price target on CompoSecure from $12.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.07.

CompoSecure Trading Down 7.2 %

The stock’s 50 day moving average is $13.75 and its 200 day moving average is $9.79. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 1.10 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last announced its earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $108.57 million for the quarter, compared to analyst estimates of $102.22 million. CompoSecure had a negative return on equity of 11.78% and a net margin of 6.33%. During the same quarter last year, the company earned $0.25 earnings per share. On average, equities research analysts predict that CompoSecure, Inc. will post 1.1 EPS for the current year.

Insiders Place Their Bets

In related news, insider Adam Joseph Lowe sold 45,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $11.06, for a total value of $497,700.00. Following the transaction, the insider now directly owns 1,292,219 shares in the company, valued at approximately $14,291,942.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other CompoSecure news, CEO Jonathan Wilk sold 618,014 shares of CompoSecure stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $4,666,005.70. Following the completion of the transaction, the chief executive officer now directly owns 618,013 shares of the company’s stock, valued at $4,665,998.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Joseph Lowe sold 45,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $11.06, for a total value of $497,700.00. Following the sale, the insider now owns 1,292,219 shares of the company’s stock, valued at approximately $14,291,942.14. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,867,586 shares of company stock worth $82,870,442 in the last 90 days. 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 bought and sold shares of CMPO. CWM LLC increased its holdings in CompoSecure by 205.9% in the 2nd quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after buying an additional 2,461 shares during the period. Sandia Investment Management LP acquired a new position in CompoSecure during the second quarter valued at approximately $68,000. nVerses Capital LLC bought a new stake in CompoSecure during the third quarter worth $72,000. Wolverine Asset Management LLC acquired a new stake in shares of CompoSecure in the 3rd quarter valued at $74,000. Finally, Ritholtz Wealth Management acquired a new position in shares of CompoSecure during the 2nd quarter worth $84,000. 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.