CompoSecure (NASDAQ:CMPO) Sets New 52-Week High Following Analyst Upgrade

Shares of CompoSecure, Inc. (NASDAQ:CMPO) reached a new 52-week high during trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $12.00 to $16.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. CompoSecure traded as high as $16.39 and last traded at $16.38, with a volume of 835190 shares traded. The stock had previously closed at $15.95.

A number of other equities analysts have also weighed in on the stock. B. Riley lifted their price target on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th. Benchmark reiterated a “buy” rating and issued a $17.00 price objective on shares of CompoSecure in a report on Tuesday, November 12th. Compass Point boosted their target price on shares of CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Lake Street Capital boosted their price objective on shares of CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $16.00 target price on shares of CompoSecure in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.36.

Insider Buying and Selling at CompoSecure

In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $75,635,771.65. Following the completion of the transaction, the director now directly owns 2,043,320 shares of the company’s stock, valued at approximately $15,427,066. The trade was a 83.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Adam Joseph Lowe sold 5,730 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $12.05, for a total transaction of $69,046.50. Following the sale, the insider now directly owns 1,292,219 shares of the company’s stock, valued at approximately $15,571,238.95. This trade represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,666,590 shares of company stock valued at $80,774,821 in the last ninety days. Company insiders own 74.99% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC raised its position in CompoSecure by 205.9% during the second quarter. CWM LLC now owns 3,656 shares of the company’s stock worth $25,000 after acquiring an additional 2,461 shares in the last quarter. Sandia Investment Management LP acquired a new position in shares of CompoSecure in the second quarter valued at about $68,000. nVerses Capital LLC acquired a new position in shares of CompoSecure in the third quarter valued at about $72,000. Wolverine Asset Management LLC acquired a new position in shares of CompoSecure in the third quarter valued at about $74,000. Finally, FMR LLC grew its stake in shares of CompoSecure by 693.0% in the third quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after acquiring an additional 5,156 shares in the last quarter. Institutional investors and hedge funds own 37.56% of the company’s stock.

CompoSecure Stock Up 1.3 %

The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -36.70, a P/E/G ratio of 1.26 and a beta of 0.76. The business’s 50 day simple moving average is $14.74 and its 200-day simple moving average is $10.79.

CompoSecure (NASDAQ:CMPO) last posted its earnings results on Friday, November 8th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $107.14 million during the quarter, compared to the consensus estimate of $105.11 million. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. During the same period last year, the company posted $0.24 EPS. On average, analysts expect that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

About CompoSecure

CompoSecure, Inc manufactures and designs metal, 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.