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

Shares of CompoSecure, Inc. (NASDAQ:CMPO) hit a new 52-week high during mid-day 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. The stock had previously closed at $15.95.

CMPO has been the topic of a number of other research reports. 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. B. Riley upped their price objective on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th. Bank of America lifted their target price on shares of CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Benchmark reissued a “buy” rating and issued a $17.00 price target on shares of CompoSecure in a research report on Tuesday, November 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price objective on shares of CompoSecure in a report on Monday, November 11th. One 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 presently has an average rating of “Moderate Buy” and a consensus price target of $16.36.

Insider Transactions at CompoSecure

In other CompoSecure news, COO Gregoire Maes sold 24,323 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $16.25, for a total transaction of $395,248.75. Following the completion of the sale, the chief operating officer now directly owns 762,009 shares in the company, valued at $12,382,646.25. This represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Adam Joseph Lowe sold 5,730 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $12.05, for a total value of $69,046.50. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold 10,666,590 shares of company stock valued at $80,774,821 in the last quarter. Insiders own 74.99% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC boosted its stake in shares of CompoSecure by 474.6% during the third quarter. Barclays PLC now owns 34,754 shares of the company’s stock valued at $488,000 after purchasing an additional 28,706 shares during the period. Geode Capital Management LLC boosted its position in CompoSecure by 34.1% during the 3rd quarter. Geode Capital Management LLC now owns 585,746 shares of the company’s stock valued at $8,214,000 after buying an additional 148,833 shares during the period. State Street Corp grew its holdings in CompoSecure by 20.1% in the 3rd quarter. State Street Corp now owns 395,691 shares of the company’s stock worth $5,548,000 after acquiring an additional 66,232 shares during the last quarter. Quadrature Capital Ltd increased its position in shares of CompoSecure by 137.3% in the third quarter. Quadrature Capital Ltd now owns 32,071 shares of the company’s stock valued at $449,000 after acquiring an additional 18,554 shares during the period. Finally, Janus Henderson Group PLC raised its stake in shares of CompoSecure by 43.9% during the third quarter. Janus Henderson Group PLC now owns 17,682 shares of the company’s stock valued at $248,000 after acquiring an additional 5,396 shares during the last quarter. 37.56% of the stock is currently owned by institutional investors.

CompoSecure Stock Up 2.7 %

The company has a market capitalization of $1.44 billion, a PE ratio of -36.27, a price-to-earnings-growth ratio of 1.26 and a beta of 0.76. The stock’s fifty day moving average price is $14.74 and its two-hundred day moving average price is $10.79.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings data 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 business 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 quarter in the prior year, the business posted $0.24 earnings per share. On average, equities research analysts forecast that CompoSecure, Inc. will post 1.02 EPS for the current year.

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.