CompoSecure (NASDAQ:CMPO) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

CompoSecure (NASDAQ:CMPO) had its target price raised by JPMorgan Chase & Co. from $20.00 to $22.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 7.29% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Lake Street Capital upped their target price on shares of CompoSecure from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Needham & Company LLC increased their price objective on CompoSecure from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Benchmark boosted their price objective on CompoSecure from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. B. Riley reaffirmed a “buy” rating and issued a $23.00 target price (up from $17.00) on shares of CompoSecure in a research note on Monday, August 18th. Finally, TD Cowen boosted their price target on shares of CompoSecure from $22.00 to $26.00 and gave the stock a “buy” rating in a research note 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.50.

CompoSecure Stock Performance

Shares of NASDAQ CMPO opened at $20.51 on Thursday. CompoSecure has a fifty-two week low of $9.24 and a fifty-two week high of $26.78. The stock has a market cap of $2.59 billion, a PE ratio of -12.21 and a beta of 0.97. The stock has a fifty day moving average of $20.06 and a 200-day moving average of $17.46.

Institutional Investors Weigh In On CompoSecure

A number of hedge funds have recently made changes to their positions in the business. Locust Wood Capital Advisers LLC grew its holdings in CompoSecure by 14.5% in the third quarter. Locust Wood Capital Advisers LLC now owns 9,341,954 shares of the company’s stock worth $194,499,000 after purchasing an additional 1,183,627 shares during the period. Vanguard Group Inc. lifted its holdings in shares of CompoSecure by 1.6% during the third quarter. Vanguard Group Inc. now owns 3,324,900 shares of the company’s stock valued at $69,224,000 after purchasing an additional 53,292 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of CompoSecure by 13.3% in the 3rd quarter. Wellington Management Group LLP now owns 2,731,784 shares of the company’s stock worth $56,876,000 after purchasing an additional 321,396 shares in the last quarter. Nine Ten Capital Management LLC grew its stake in shares of CompoSecure by 1.4% in the 3rd quarter. Nine Ten Capital Management LLC now owns 2,123,312 shares of the company’s stock worth $44,207,000 after buying an additional 29,307 shares during the last quarter. Finally, Corsair Capital Management L.P. purchased a new stake in shares of CompoSecure in the 1st quarter worth approximately $19,901,000. 37.56% of the stock is currently owned by 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.