CompoSecure (NASDAQ:CMPO) Reaches New 12-Month High – Time to Buy?

CompoSecure, Inc. (NASDAQ:CMPO)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $15.55 and last traded at $15.40, with a volume of 617353 shares trading hands. The stock had previously closed at $15.08.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CMPO shares. Bank of America upped their target price on shares of CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Benchmark upped their target price on shares of CompoSecure from $12.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Needham & Company LLC upped their target price on shares of CompoSecure from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Lake Street Capital upped their target price on shares of CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Compass Point upped their target price on shares of CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.07.

CompoSecure Price Performance

The stock has a market cap of $1.24 billion, a P/E ratio of 15.55, a P/E/G ratio of 1.05 and a beta of 0.78. The company’s 50 day simple moving average is $12.74 and its 200 day simple moving average is $9.03.

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

Insider Buying and Selling

In related news, Director Michele Logan sold 10,017,983 shares of the stock in a transaction 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 approximately $15,427,066. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $75,635,771.65. Following the completion of the sale, the director now owns 2,043,320 shares in the company, valued at $15,427,066. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jonathan Wilk sold 618,014 shares of the 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 of the company’s stock, valued at approximately $4,665,998.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,867,586 shares of company stock worth $82,870,442. 74.99% of the stock is owned by insiders.

Institutional Trading of CompoSecure

Large investors have recently added to or reduced their stakes in the company. CWM LLC raised its position in shares of 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 purchasing an additional 1,536 shares during the period. Rhumbline Advisers raised its position in shares of CompoSecure by 17.3% in the second quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock valued at $133,000 after purchasing an additional 2,877 shares during the period. nVerses Capital LLC bought a new position in shares of CompoSecure in the third quarter valued at about $72,000. Bank of New York Mellon Corp raised its position in shares of CompoSecure by 16.0% in the second 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 period. Finally, Sandia Investment Management LP bought a new position in CompoSecure during the second quarter worth about $68,000. 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.