Equities research analysts at Benchmark began coverage on shares of CompoSecure (NASDAQ:CMPO – Get Free Report) in a note issued to investors on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $7.00 price target on the stock. Benchmark’s price objective suggests a potential upside of 35.40% from the company’s current price.
Separately, JPMorgan Chase & Co. cut shares of CompoSecure from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $7.00 to $6.00 in a research note on Monday, December 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, CompoSecure has an average rating of “Moderate Buy” and an average price target of $10.60.
CompoSecure Stock Up 5.3 %
In other CompoSecure news, major shareholder Lp Bleichroeder purchased 8,100 shares of CompoSecure stock in a transaction dated Thursday, November 30th. The stock was acquired at an average price of $4.88 per share, for a total transaction of $39,528.00. Following the acquisition, the insider now owns 2,997,550 shares in the company, valued at approximately $14,628,044. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 76.06% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in shares of CompoSecure during the 2nd quarter worth approximately $84,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of CompoSecure by 67.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 25,430 shares of the company’s stock valued at $164,000 after acquiring an additional 10,259 shares during the last quarter. AE Wealth Management LLC purchased a new stake in shares of CompoSecure in the 3rd quarter valued at $74,000. American International Group Inc. boosted its holdings in shares of CompoSecure by 100.8% in the 2nd quarter. American International Group Inc. now owns 7,914 shares of the company’s stock valued at $54,000 after acquiring an additional 3,972 shares during the last quarter. Finally, Prelude Capital Management LLC boosted its holdings in shares of CompoSecure by 24.5% in the 2nd quarter. Prelude Capital Management LLC now owns 388,022 shares of the company’s stock valued at $2,662,000 after acquiring an additional 76,470 shares during the last quarter. Institutional investors own 34.33% of the company’s stock.
CompoSecure, Inc manufactures and designs metal, plastic, 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.
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