JPMorgan Chase & Co. Issues Pessimistic Forecast for Composecure (NYSE:GPGI) Stock Price

Composecure (NYSE:GPGI) had its price objective lowered by equities research analysts at JPMorgan Chase & Co. from $22.00 to $15.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 20.70% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Needham & Company LLC reaffirmed a “buy” rating on shares of Composecure in a research report on Wednesday, March 25th. Weiss Ratings assumed coverage on Composecure in a report on Monday, March 16th. They issued a “sell (d-)” rating on the stock. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.00.

Composecure Stock Up 0.1%

Shares of GPGI stock traded up $0.01 during trading hours on Friday, reaching $12.43. 495,091 shares of the company traded hands, compared to its average volume of 3,778,798. Composecure has a 12-month low of $12.01 and a 12-month high of $26.78. The stock has a market cap of $3.60 billion, a P/E ratio of -5.17 and a beta of 0.98.

Composecure (NYSE:GPGI) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Composecure had a positive return on equity of 12.59% and a negative net margin of 56.76%.The firm had revenue of $421.20 million for the quarter. During the same period in the previous year, the firm earned $0.25 earnings per share.

Insider Transactions at Composecure

In related news, Director Rebecca Corbin Loree purchased 3,925 shares of Composecure stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average cost of $12.87 per share, for a total transaction of $50,514.75. Following the completion of the transaction, the director owned 63,220 shares in the company, valued at $813,641.40. The trade was a 6.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jane J. Thompson sold 13,667 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $16.91, for a total value of $231,108.97. Following the transaction, the director owned 83,813 shares of the company’s stock, valued at $1,417,277.83. This trade represents a 14.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have bought 56,725 shares of company stock valued at $952,215. 18.40% of the stock is owned by insiders.

About Composecure

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.