CompoSecure (NASDAQ:CMPO) Hits New 12-Month High at $12.89

Shares of CompoSecure, Inc. (NASDAQ:CMPO) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $12.89 and last traded at $12.89, with a volume of 1072 shares changing hands. The stock had previously closed at $12.39.

Analyst Ratings Changes

CMPO has been the subject of several recent analyst reports. Lake Street Capital initiated coverage on shares of CompoSecure in a research note on Thursday, June 27th. They issued a “buy” rating and a $12.00 target price for the company. Bank of America boosted their target price on CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Compass Point raised their price target on CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a report on Tuesday, August 20th. Needham & Company LLC upped their price objective on shares of CompoSecure from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.50.

CompoSecure Trading Down 0.1 %

The stock has a market cap of $993.69 million, a P/E ratio of 12.71, a PEG ratio of 0.88 and a beta of 0.76. The firm has a 50-day simple moving average of $9.98 and a two-hundred day simple moving average of $7.77.

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

Insider Activity at CompoSecure

In other CompoSecure news, insider Adam Joseph Lowe sold 45,000 shares of CompoSecure stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $11.06, for a total value of $497,700.00. Following the completion of the transaction, the insider now directly owns 1,292,219 shares of the company’s stock, valued at approximately $14,291,942.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other CompoSecure news, insider Adam Joseph Lowe sold 45,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $11.06, for a total transaction of $497,700.00. Following the sale, the insider now directly owns 1,292,219 shares in the company, valued at $14,291,942.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Amanda Mandy Gourbault sold 130,859 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $11.08, for a total transaction of $1,449,917.72. Following the completion of the transaction, the executive now owns 908,641 shares of the company’s stock, valued at $10,067,742.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,867,586 shares of company stock worth $82,870,442. Company insiders own 74.99% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

Several hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC boosted 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 in the last quarter. Rhumbline Advisers boosted its stake in shares of CompoSecure by 17.3% in the 2nd quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock valued at $133,000 after purchasing an additional 2,877 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of CompoSecure by 16.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 50,031 shares of the company’s stock valued at $340,000 after purchasing an additional 6,891 shares during the last quarter. Sandia Investment Management LP acquired a new position in CompoSecure during the 2nd quarter worth approximately $68,000. Finally, Ritholtz Wealth Management bought a new position in CompoSecure in the 2nd quarter valued at approximately $84,000. 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.