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

Composecure (NYSE:GPGI) was upgraded by investment analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other equities research analysts also recently weighed in on GPGI. Needham & Company LLC reaffirmed a “buy” rating on shares of Composecure in a report on Wednesday, March 25th. Zacks Research cut Composecure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. cut their target price on Composecure from $22.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Composecure in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.00.

Composecure Stock Performance

Shares of Composecure stock opened at $14.51 on Friday. The company’s 50-day simple moving average is $13.58. Composecure has a twelve month low of $11.22 and a twelve month high of $26.78. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of -6.04 and a beta of 0.84.

Composecure (NYSE:GPGI) last posted its earnings results 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. The business 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. Sell-side analysts predict that Composecure will post 0.9 earnings per share for the current year.

Insider Activity

In other news, insider Thomas R. Knott purchased 85,250 shares of Composecure stock in a transaction on Thursday, June 11th. The shares were purchased at an average cost of $11.67 per share, for a total transaction of $994,867.50. Following the completion of the transaction, the insider directly owned 129,250 shares in the company, valued at approximately $1,508,347.50. This represents a 193.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kurt Schoen purchased 4,000 shares of Composecure stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of $12.58 per share, for a total transaction of $50,320.00. Following the completion of the transaction, the insider 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. Insiders purchased a total of 105,237 shares of company stock worth $1,245,734 over the last ninety days. Corporate insiders own 18.40% of the company’s stock.

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

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.