CompoSecure (NASDAQ:CMPO) Shares Down 8.5% – Here’s Why

CompoSecure, Inc. (NASDAQ:CMPO)’s stock price was down 8.5% during trading on Monday . The stock traded as low as $20.67 and last traded at $20.2890. Approximately 470,820 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 1,054,341 shares. The stock had previously closed at $22.17.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Needham & Company LLC lifted their price target on shares of CompoSecure from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. reissued a “buy” rating on shares of CompoSecure in a research note on Thursday. Lake Street Capital reaffirmed a “buy” rating on shares of CompoSecure in a research report on Wednesday, December 24th. Benchmark lifted their price objective on CompoSecure from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Cowen reiterated a “buy” rating on shares of CompoSecure in a research report on Tuesday, November 4th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $25.50.

CompoSecure Stock Down 6.2%

The stock’s fifty day moving average price is $19.89 and its 200-day moving average price is $18.59. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of -12.38 and a beta of 0.98.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its stake in CompoSecure by 291.8% in the 3rd quarter. Versant Capital Management Inc now owns 2,018 shares of the company’s stock valued at $42,000 after purchasing an additional 1,503 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in CompoSecure by 25.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,478 shares of the company’s stock valued at $49,000 after buying an additional 713 shares during the period. Ameritas Investment Partners Inc. lifted its position in shares of CompoSecure by 80.0% in the second quarter. Ameritas Investment Partners Inc. now owns 4,488 shares of the company’s stock valued at $63,000 after buying an additional 1,995 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of CompoSecure by 15.0% during the 2nd quarter. AlphaQuest LLC now owns 7,625 shares of the company’s stock worth $107,000 after acquiring an additional 994 shares during the period. Finally, KLP Kapitalforvaltning AS boosted its stake in shares of CompoSecure by 73.5% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 8,500 shares of the company’s stock worth $120,000 after acquiring an additional 3,600 shares during the period. Institutional investors and hedge funds own 37.56% of the company’s stock.

CompoSecure Company Profile

CompoSecure is a global provider of secure card and credential solutions, specializing in the design, manufacturing and personalization of payment cards, identification credentials and related services. The company develops a range of card products that include metal cards, composite cards and hybrid designs integrating advanced security features such as EMV chip technology, contactless interfaces and specialized surface treatments. CompoSecure’s offerings are tailored to the needs of banks, credit unions, fintech firms and government agencies seeking to differentiate their cards and enhance consumer engagement.

The company’s product portfolio extends beyond physical cards to encompass digital issuance and lifecycle management solutions.