CompoSecure (NASDAQ:CMPO) Shares Gap Up – What’s Next?

CompoSecure, Inc. (NASDAQ:CMPO) shares gapped up before the market opened on Tuesday . The stock had previously closed at $15.65, but opened at $16.40. CompoSecure shares last traded at $15.91, with a volume of 345,222 shares traded.

Analysts Set New Price Targets

Several research firms have recently issued reports on CMPO. JPMorgan Chase & Co. increased their price objective on shares of CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Lake Street Capital increased their price target on CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective on shares of CompoSecure in a research report on Monday, November 11th. TD Cowen began coverage on CompoSecure in a research report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 target price for the company. Finally, Benchmark reiterated a “buy” rating and set a $17.00 target price on shares of CompoSecure in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.81.

CompoSecure Trading Down 2.0 %

The business has a 50 day simple moving average of $15.53 and a two-hundred day simple moving average of $12.30. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -34.84, a price-to-earnings-growth ratio of 2.65 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last released its quarterly earnings results on Friday, November 8th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $107.14 million for the quarter, compared to analyst estimates 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 in the previous year, the business posted $0.24 EPS. Research analysts anticipate that CompoSecure, Inc. will post 1.02 EPS for the current fiscal year.

Insider Transactions at CompoSecure

In related news, COO Gregoire Maes sold 24,323 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $16.25, for a total transaction of $395,248.75. Following the sale, the chief operating officer now directly owns 762,009 shares of the company’s stock, valued at approximately $12,382,646.25. This represents a 3.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Adam Joseph Lowe sold 66,350 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $15.91, for a total value of $1,055,628.50. Following the transaction, the insider now owns 1,358,692 shares in the company, valued at $21,616,789.72. This trade represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 180,660 shares of company stock valued at $2,921,066. Insiders own 74.99% of the company’s stock.

Institutional Trading of CompoSecure

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sandia Investment Management LP acquired a new position in shares of CompoSecure in the 2nd quarter valued at about $68,000. nVerses Capital LLC bought a new position in CompoSecure in the third quarter worth about $72,000. CWM LLC boosted its stake in CompoSecure by 42.0% in the third quarter. CWM LLC now owns 5,192 shares of the company’s stock valued at $73,000 after acquiring an additional 1,536 shares during the period. Wolverine Asset Management LLC bought a new position in shares of CompoSecure during the third quarter valued at approximately $74,000. Finally, FMR LLC raised its position in shares of CompoSecure by 693.0% during the 3rd quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after purchasing an additional 5,156 shares during the period. 37.56% of the stock is owned by institutional investors and hedge funds.

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.