CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company 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 analysts have recently issued reports on the stock. B. Riley increased their price target on shares of CompoSecure from $18.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Bank of America raised their price target on shares of CompoSecure from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Thursday, August 8th. Compass Point upped their price objective on CompoSecure from $11.50 to $14.50 and gave the stock a "buy" rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. lifted their target price on CompoSecure from $8.00 to $12.00 and gave the company a "neutral" rating in a report on Tuesday, August 20th. Finally, Benchmark restated a "buy" rating and set a $17.00 price target on shares of CompoSecure in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $15.79.
Check Out Our Latest Analysis on CompoSecure
CompoSecure Stock Down 2.1 %
The stock has a market cap of $1.38 billion, a PE ratio of -35.68, a price-to-earnings-growth ratio of 1.27 and a beta of 0.76. The firm has a fifty day moving average of $14.51 and a 200 day moving average of $10.52.
CompoSecure (NASDAQ:CMPO - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The company reported $0.27 EPS 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 analysts' expectations of $105.11 million. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. During the same quarter in the previous year, the company posted $0.24 EPS. On average, equities research analysts forecast that CompoSecure, Inc. will post 1.02 EPS for the current fiscal year.
Insiders Place Their Bets
In other CompoSecure news, insider Adam Joseph Lowe sold 5,730 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The stock was 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. The trade was a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michele Logan sold 10,017,983 shares of the stock in a transaction that occurred 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 directly owns 2,043,320 shares of the company's stock, valued at $15,427,066. The trade was a 83.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,641,727 shares of company stock valued at $80,370,824. 74.99% of the stock is owned by corporate insiders.
Institutional Trading of CompoSecure
Several institutional investors and hedge funds have recently bought and sold shares of CMPO. CWM LLC raised its holdings in shares of CompoSecure by 205.9% in the second quarter. CWM LLC now owns 3,656 shares of the company's stock valued at $25,000 after buying an additional 2,461 shares during the last quarter. nVerses Capital LLC acquired a new position in CompoSecure in the 3rd quarter valued at about $72,000. Wolverine Asset Management LLC purchased a new stake in CompoSecure during the 3rd quarter valued at approximately $74,000. FMR LLC grew its stake in shares of CompoSecure by 693.0% in the 3rd 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 last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of CompoSecure in the third quarter valued at approximately $140,000. Hedge funds and other institutional investors own 37.56% of the company's stock.
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.
Read More
Before you consider CompoSecure, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CompoSecure wasn't on the list.
While CompoSecure currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for December 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
