CompoSecure (NASDAQ:CMPO) Hits New 52-Week High on Analyst Upgrade

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $8.00 to $12.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. CompoSecure traded as high as $11.43 and last traded at $11.26, with a volume of 175972 shares changing hands. The stock had previously closed at $11.30.

A number of other equities analysts have also weighed in on CMPO. Bank of America upped their target price on shares of CompoSecure from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. B. Riley lifted their target price on CompoSecure from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Friday, May 10th. Needham & Company LLC upped their price target on CompoSecure from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, August 8th. Benchmark lifted their price objective on shares of CompoSecure from $10.00 to $12.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Finally, Compass Point boosted their price objective on shares of CompoSecure from $11.50 to $14.50 and gave the stock a "buy" rating in a research report on Tuesday. One equities 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 company has an average rating of "Moderate Buy" and a consensus price target of $13.50.

Insider Activity

In related news, COO Gregoire Maes sold 50,000 shares of the firm's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $11.04, for a total value of $552,000.00. Following the completion of the sale, the chief operating officer now directly owns 762,009 shares in the company, valued at approximately $8,412,579.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CRO Amanda Mandy Gourbault sold 130,859 shares of the business's stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $11.08, for a total transaction of $1,449,917.72. Following the transaction, the executive now directly owns 908,641 shares of the company's stock, valued at approximately $10,067,742.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Gregoire Maes sold 50,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $11.04, for a total value of $552,000.00. Following the completion of the sale, the chief operating officer now owns 762,009 shares in the company, valued at approximately $8,412,579.36. The disclosure for this sale can be found here. Insiders sold a total of 225,859 shares of company stock valued at $2,499,618 in the last quarter. Company insiders own 74.99% of the company's stock.

Hedge Funds Weigh In On CompoSecure

Institutional investors and hedge funds have recently modified their holdings of the stock. Grizzlyrock Capital LLC bought a new stake in shares of CompoSecure during the 4th quarter worth about $3,223,000. Wellington Management Group LLP grew its position in shares of CompoSecure by 69.2% in the fourth quarter. Wellington Management Group LLP now owns 601,548 shares of the company's stock valued at $3,248,000 after purchasing an additional 246,094 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of CompoSecure by 87.9% during the first quarter. GSA Capital Partners LLP now owns 103,875 shares of the company's stock worth $751,000 after purchasing an additional 48,586 shares during the period. Pacific Ridge Capital Partners LLC acquired a new stake in CompoSecure during the 1st quarter worth approximately $1,424,000. Finally, Vanguard Group Inc. boosted its stake in CompoSecure by 1.6% in the 1st 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 period. 37.56% of the stock is currently owned by institutional investors and hedge funds.

CompoSecure Stock Performance

The stock has a market capitalization of $932.44 million, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 1.01 and a beta of 0.71. The business has a fifty day simple moving average of $7.92 and a 200 day simple moving average of $6.80.

CompoSecure (NASDAQ:CMPO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. The business had revenue of $108.57 million during the quarter, compared to the consensus estimate of $102.22 million. CompoSecure had a negative return on equity of 11.00% and a net margin of 5.14%. During the same quarter in the previous year, the firm earned $0.25 earnings per share. On average, sell-side analysts forecast that CompoSecure, Inc. will post 1.07 earnings per share for the current fiscal year.

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.