CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $17.00 and last traded at $16.98, with a volume of 202901 shares trading hands. The stock had previously closed at $16.55.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on CMPO shares. B. Riley upped their price objective on shares of CompoSecure from $18.00 to $23.00 and gave the stock a "buy" rating in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their price target 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. Needham & Company LLC reiterated a "buy" rating and issued a $16.00 price target on shares of CompoSecure in a research report on Monday, November 11th. Lake Street Capital boosted their price target 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, Benchmark restated a "buy" rating and set a $17.00 price objective on shares of CompoSecure in a report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $16.36.
Read Our Latest Analysis on CMPO
CompoSecure Stock Performance
The stock has a 50-day moving average price of $15.24 and a 200-day moving average price of $11.47. The stock has a market cap of $1.45 billion, a P/E ratio of -37.61, a P/E/G ratio of 2.65 and a beta of 0.76.
CompoSecure (NASDAQ:CMPO - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. The company had revenue of $107.14 million during the quarter, compared to analysts' expectations of $105.11 million. During the same period last year, the firm earned $0.24 earnings per share. Sell-side analysts forecast that CompoSecure, Inc. will post 1.02 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other CompoSecure news, insider Adam Joseph Lowe sold 34,310 shares of CompoSecure stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.24, for a total transaction of $557,194.40. Following the completion of the sale, the insider now owns 1,315,068 shares of the company's stock, valued at approximately $21,356,704.32. The trade was a 2.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Gregoire Maes sold 55,137 shares of the company's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.40, for a total value of $904,246.80. Following the completion of the sale, the chief operating officer now owns 762,009 shares of the company's stock, valued at $12,496,947.60. This trade represents a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,816,657 shares of company stock worth $83,222,844 over the last quarter. 74.99% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On CompoSecure
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tyro Capital Management LLC bought a new stake in CompoSecure during the third quarter worth approximately $27,978,000. Woodson Capital Management LP acquired a new position in CompoSecure during the third quarter valued at approximately $10,795,000. Concentric Capital Strategies LP bought a new stake in CompoSecure during the third quarter worth $5,445,000. Progeny 3 Inc. acquired a new stake in CompoSecure during the third quarter worth about $5,243,000. Finally, Pacific Ridge Capital Partners LLC raised its holdings in CompoSecure by 146.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company's stock valued at $3,308,000 after buying an additional 289,451 shares during the last quarter. 37.56% of the stock is owned by hedge funds and other institutional investors.
About CompoSecure
(
Get Free Report)
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.
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