CompoSecure (NASDAQ:CMPO) Sets New 1-Year High - Should You Buy?

Shares of CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $16.05 and last traded at $16.05, with a volume of 72583 shares trading hands. The stock had previously closed at $15.48.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CMPO shares. Needham & Company LLC boosted their price objective on CompoSecure from $15.00 to $16.00 and gave the company a "buy" rating in a report on Thursday, August 8th. JPMorgan Chase & Co. increased their price target on shares of CompoSecure from $8.00 to $12.00 and gave the stock a "neutral" rating in a report on Tuesday, August 20th. Compass Point lifted their price target on CompoSecure from $11.50 to $14.50 and gave the company a "buy" rating in a research note on Tuesday, August 20th. Lake Street Capital lifted their target price on shares of CompoSecure from $14.00 to $18.00 and gave the company a "buy" rating in a research report on Wednesday, October 2nd. Finally, Bank of America lifted their price objective on CompoSecure from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, CompoSecure has a consensus rating of "Moderate Buy" and a consensus price target of $15.07.

CompoSecure Stock Up 1.0 %

The business's 50-day simple moving average is $13.75 and its two-hundred day simple moving average is $9.79. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 1.10 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO - Get Free Report) last announced its earnings results 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 firm had revenue of $108.57 million for the quarter, compared to the consensus estimate of $102.22 million. CompoSecure had a net margin of 6.33% and a negative return on equity of 11.78%. During the same period in the prior year, the firm earned $0.25 EPS. Sell-side analysts anticipate that CompoSecure, Inc. will post 1.1 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Jonathan Wilk sold 618,014 shares of the firm's stock in a transaction that occurred on 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 $4,665,998.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Jonathan Wilk sold 618,014 shares of the business's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $4,666,005.70. Following the transaction, the chief executive officer now owns 618,013 shares of the company's stock, valued at approximately $4,665,998.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Adam Joseph Lowe sold 45,000 shares of the 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 sale, the insider now directly owns 1,292,219 shares of the company's stock, valued at approximately $14,291,942.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,867,586 shares of company stock valued at $82,870,442. 74.99% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CompoSecure

Several institutional investors have recently made changes to their positions in CMPO. Vanguard Group Inc. grew its position in shares of CompoSecure by 1.6% in the first quarter. Vanguard Group Inc. now owns 843,476 shares of the company's stock valued at $6,098,000 after purchasing an additional 13,081 shares during the last quarter. Boston Partners boosted its stake in shares of CompoSecure by 40.8% during the 1st quarter. Boston Partners now owns 557,136 shares of the company's stock worth $4,028,000 after purchasing an additional 161,333 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its position in CompoSecure by 146.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company's stock worth $3,308,000 after acquiring an additional 289,451 shares during the last quarter. Bard Associates Inc. increased its stake in CompoSecure by 0.6% in the third quarter. Bard Associates Inc. now owns 305,247 shares of the company's stock valued at $4,280,000 after purchasing an additional 1,957 shares during the last quarter. Finally, Rice Hall James & Associates LLC purchased a new position in CompoSecure during the third quarter worth approximately $3,766,000. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

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.