CompoSecure (NASDAQ:CMPO) Reaches New 1-Year High – What’s Next?

CompoSecure, Inc. (NASDAQ:CMPO) hit a new 52-week high on Monday . The stock traded as high as $16.40 and last traded at $16.40, with a volume of 860 shares traded. The stock had previously closed at $16.04.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CMPO. B. Riley boosted their target price on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Lake Street Capital upped their target price on shares of CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Benchmark reiterated a “buy” rating and set a $17.00 price target on shares of CompoSecure in a research note on Tuesday, November 12th. Needham & Company LLC restated a “buy” rating and issued a $16.00 price objective on shares of CompoSecure in a research note on Monday, November 11th. Finally, Bank of America lifted their target price on CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.79.

CompoSecure Price Performance

The business’s 50 day simple moving average is $14.59 and its 200 day simple moving average is $10.59. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of -36.80, a price-to-earnings-growth ratio of 1.27 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.27 earnings per share (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 company had revenue of $107.14 million during the quarter, compared to analyst estimates of $105.11 million. During the same quarter last year, the firm earned $0.24 EPS. As a group, analysts expect that CompoSecure, Inc. will post 1.02 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Adam Joseph Lowe sold 5,730 shares of the firm’s stock in a transaction on 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 owns 1,292,219 shares in the company, valued at approximately $15,571,238.95. This trade represents a 0.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jonathan Wilk sold 618,014 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total transaction of $4,666,005.70. Following the transaction, the chief executive officer now owns 618,013 shares in the company, valued at approximately $4,665,998.15. This trade represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,641,727 shares of company stock valued at $80,370,824 over the last three months. 74.99% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CompoSecure

Large investors have recently modified their holdings of the business. CWM LLC grew its holdings in CompoSecure by 205.9% during the second 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 stake in shares of CompoSecure during the 2nd quarter worth $68,000. nVerses Capital LLC acquired a new position in shares of CompoSecure during the 3rd quarter worth $72,000. Wolverine Asset Management LLC purchased a new position in shares of CompoSecure in the 3rd quarter valued at about $74,000. Finally, FMR LLC lifted its stake in shares of CompoSecure by 693.0% in the third quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after purchasing an additional 5,156 shares during the period. 37.56% of the stock is owned by hedge funds and other institutional investors.

About CompoSecure

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.