CompoSecure (NASDAQ:CMPO) Sets New 12-Month High – Here’s Why

CompoSecure, Inc. (NASDAQ:CMPO)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $17.00 and last traded at $16.98, with a volume of 202901 shares trading hands. The stock had previously closed at $16.55.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price target on shares of CompoSecure in a report on Monday, November 11th. Benchmark reiterated a “buy” rating and issued a $17.00 target price on shares of CompoSecure in a report on Tuesday, November 12th. Lake Street Capital raised their price target on shares of CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Compass Point lifted their target price on CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.36.

CompoSecure Stock Performance

The company has a 50 day moving average of $15.24 and a 200-day moving average of $11.47. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -37.61, a price-to-earnings-growth ratio of 2.65 and a beta of 0.76.

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

Insider Transactions at CompoSecure

In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total transaction of $75,635,771.65. Following the completion of the transaction, the director now owns 2,043,320 shares in the company, valued at $15,427,066. The trade was a 83.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jonathan Wilk sold 618,014 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total transaction of $4,666,005.70. Following the completion of the sale, the chief executive officer now owns 618,013 shares in the company, valued at $4,665,998.15. The trade was a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,816,657 shares of company stock valued at $83,222,844. 74.99% of the stock is currently owned by company insiders.

Institutional Trading of CompoSecure

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