CompoSecure (NASDAQ:CMPO) Shares Gap Up - Here's Why

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $15.65, but opened at $16.40. CompoSecure shares last traded at $15.91, with a volume of 345,222 shares.

Analyst Ratings Changes

Several analysts recently commented on the stock. B. Riley upped their price target on shares of CompoSecure from $18.00 to $23.00 and gave the company a "buy" rating in a research report on Monday, November 11th. TD Cowen began coverage on CompoSecure in a report on Wednesday, December 18th. They set a "buy" rating and a $20.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on CompoSecure from $12.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, December 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $16.00 target price on shares of CompoSecure in a research note on Monday, November 11th. Finally, Benchmark restated a "buy" rating and set a $17.00 price target on shares of CompoSecure in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $16.81.

CompoSecure Stock Down 2.0 %

The stock has a fifty day moving average of $15.53 and a two-hundred day moving average of $12.28. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -34.84, a price-to-earnings-growth ratio of 2.65 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.27 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 business earned $0.24 EPS. On average, research analysts expect that CompoSecure, Inc. will post 1.02 EPS for the current year.

Insider Activity at CompoSecure

In related news, COO Gregoire Maes sold 55,137 shares of CompoSecure stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $16.40, for a total transaction of $904,246.80. Following the completion of the transaction, the chief operating officer now directly owns 762,009 shares in the company, valued at $12,496,947.60. The trade was a 6.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Adam Joseph Lowe sold 34,310 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.24, for a total value of $557,194.40. Following the sale, the insider now owns 1,315,068 shares in the company, valued at approximately $21,356,704.32. This trade represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 180,660 shares of company stock valued at $2,921,066 in the last ninety days. Corporate insiders own 74.99% of the company's stock.

Institutional Trading of CompoSecure

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its stake in CompoSecure by 1.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 40,944 shares of the company's stock valued at $574,000 after purchasing an additional 701 shares during the last quarter. 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 buying an additional 1,536 shares during the last quarter. Bard Associates Inc. lifted its stake in shares of CompoSecure by 0.6% during the third quarter. Bard Associates Inc. now owns 305,247 shares of the company's stock valued at $4,280,000 after buying an additional 1,957 shares during the period. Rhumbline Advisers boosted its position in CompoSecure by 17.3% during the second quarter. Rhumbline Advisers now owns 19,521 shares of the company's stock worth $133,000 after acquiring an additional 2,877 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in CompoSecure during the third quarter worth approximately $72,000. 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.