Composecure (NYSE:GPGI) Raised to “Sell” at Wall Street Zen

Composecure (NYSE:GPGI) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued on Saturday.

Several other research firms have also recently issued reports on GPGI. Needham & Company LLC reaffirmed a “buy” rating on shares of Composecure in a research note on Wednesday, March 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Composecure in a research report on Thursday, June 11th. JPMorgan Chase & Co. reduced their price objective on shares of Composecure from $22.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Finally, Zacks Research lowered shares of Composecure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Composecure presently has a consensus rating of “Hold” and a consensus target price of $15.00.

Composecure Stock Performance

Shares of GPGI opened at $14.51 on Friday. Composecure has a 1-year low of $11.22 and a 1-year high of $26.78. The stock has a market cap of $4.20 billion, a PE ratio of -6.04 and a beta of 0.84. The stock’s 50 day simple moving average is $13.58.

Composecure (NYSE:GPGI) last posted its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $421.20 million during the quarter. During the same quarter in the prior year, the firm posted $0.25 earnings per share. On average, equities analysts expect that Composecure will post 0.9 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Thomas R. Knott acquired 85,250 shares of the stock in a transaction on Thursday, June 11th. The stock was bought at an average price of $11.67 per share, with a total value of $994,867.50. Following the completion of the transaction, the insider directly owned 129,250 shares of the company’s stock, valued at $1,508,347.50. The trade was a 193.75% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Kurt Schoen bought 4,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $12.58 per share, with a total value of $50,320.00. Following the completion of the purchase, the insider directly owned 586,317 shares of the company’s stock, valued at approximately $7,375,867.86. This represents a 0.69% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 105,237 shares of company stock valued at $1,245,734. 18.40% of the stock is owned by insiders.

Key Stories Impacting Composecure

Here are the key news stories impacting Composecure this week:

• Positive Sentiment: No clearly positive company-specific news was reported in the provided articles.
• Neutral Sentiment: Several firms, including Robbins LLP, Rosen Law Firm, and others, issued reminders about lead-plaintiff deadlines and investor rights in the existing class-action case. Article Title
• Neutral Sentiment: Composecure also had a prior analyst downgrade from Zacks Research from “strong-buy” to “hold,” which may add some sentiment pressure but is less significant than the legal developments. Article Title
• Negative Sentiment: A class-action lawsuit has been filed against Composecure, Inc. (GPGI) and its officers, with multiple firms urging affected shareholders to join or seek recovery, increasing uncertainty and potential legal costs. Article Title
• Negative Sentiment: Additional securities-fraud investigations were announced by several plaintiff firms, suggesting the legal overhang could continue to weigh on the shares. Article Title

Composecure Company Profile

CompoSecure, Inc manufactures and designs metal, plastic, composite ID, 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 comprise the Arculus Key card Cold Storage hardware device and companion Arculus Wallet mobile App to keep the Private Key in the Arculus Key card highly secure and store cryptocurrency and digital assets.