CompoSecure (NASDAQ:CMPO) Reaches New 1-Year High at $14.20

CompoSecure, Inc. (NASDAQ:CMPO) hit a new 52-week high during trading on Monday . The company traded as high as $14.20 and last traded at $14.20, with a volume of 72231 shares trading hands. The stock had previously closed at $13.82.

Wall Street Analysts Forecast Growth

CMPO has been the subject of a number of recent research reports. Needham & Company LLC upped their target price on CompoSecure from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Bank of America upped their target price on CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. upped their price target on CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Lake Street Capital began coverage on CompoSecure in a research report on Thursday, June 27th. They issued a “buy” rating and a $12.00 price target on the stock. Finally, Compass Point upped their price target on CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.21.

CompoSecure Stock Down 1.4 %

The business has a 50-day simple moving average of $11.16 and a two-hundred day simple moving average of $8.34. The stock has a market capitalization of $1.11 billion, a P/E ratio of 14.25, a PEG ratio of 1.00 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last announced its earnings results on Wednesday, August 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. The company had revenue of $108.57 million for the quarter, compared to analysts’ expectations of $102.22 million. CompoSecure had a negative return on equity of 11.78% and a net margin of 6.33%. During the same quarter in the prior year, the business earned $0.25 earnings per share. On average, sell-side analysts forecast that CompoSecure, Inc. will post 1.1 earnings per share for the current year.

Insider Transactions at CompoSecure

In other news, COO Gregoire Maes sold 50,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $11.04, for a total transaction of $552,000.00. Following the sale, the chief operating officer now owns 762,009 shares in the company, valued at $8,412,579.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Adam Joseph Lowe sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $11.06, for a total value of $497,700.00. Following the transaction, the insider now owns 1,292,219 shares in the company, valued at $14,291,942.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Gregoire Maes sold 50,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $11.04, for a total value of $552,000.00. Following the completion of the transaction, the chief operating officer now owns 762,009 shares in the company, valued at approximately $8,412,579.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,867,586 shares of company stock worth $82,870,442. Insiders own 74.99% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

Several hedge funds have recently added to or reduced their stakes in the company. CWM LLC lifted its stake in CompoSecure by 205.9% in the second quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after buying an additional 2,461 shares during the period. Sandia Investment Management LP acquired a new position in CompoSecure in the second quarter valued at about $68,000. Ritholtz Wealth Management acquired a new position in CompoSecure in the second quarter valued at about $84,000. Algert Global LLC acquired a new position in CompoSecure in the second quarter valued at about $84,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in CompoSecure in the first quarter valued at about $91,000. Institutional investors own 37.56% of the company’s stock.

CompoSecure Company Profile

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.