CompoSecure (NASDAQ:CMPO) Sets New 1-Year High at $12.02

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as $12.02 and last traded at $11.96, with a volume of 362188 shares traded. The stock had previously closed at $11.75.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CMPO shares. Benchmark upped their price target on shares of CompoSecure from $10.00 to $12.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Bank of America raised their target price on CompoSecure from $9.00 to $10.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Lake Street Capital initiated coverage on CompoSecure in a research report on Thursday, June 27th. They issued a "buy" rating and a $12.00 price target on the stock. Compass Point increased their price objective on CompoSecure from $11.50 to $14.50 and gave the company a "buy" rating in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of CompoSecure from $8.00 to $12.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 20th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, CompoSecure has an average rating of "Moderate Buy" and a consensus target price of $13.50.

CompoSecure Price Performance

The stock has a market cap of $987.02 million, a price-to-earnings ratio of 12.11, a P/E/G ratio of 0.87 and a beta of 0.76. The stock's 50 day simple moving average is $9.38 and its two-hundred day simple moving average is $7.46.

CompoSecure (NASDAQ:CMPO - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. CompoSecure had a net margin of 6.33% and a negative return on equity of 11.78%. The business had revenue of $108.57 million for the quarter, compared to analyst estimates of $102.22 million. During the same period in the previous year, the business earned $0.25 EPS. As a group, analysts predict that CompoSecure, Inc. will post 1.1 earnings per share for the current year.

Insider Activity

In related news, CRO Amanda Mandy Gourbault sold 130,859 shares of the firm'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 completion of the transaction, the executive now owns 908,641 shares in the company, valued at approximately $10,067,742.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CRO Amanda Mandy Gourbault sold 130,859 shares of the company's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $11.08, for a total value of $1,449,917.72. Following the sale, the executive now 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 SEC, which can be accessed through the SEC website. Also, insider Adam Joseph Lowe sold 45,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $11.06, for a total transaction of $497,700.00. Following the sale, the insider now owns 1,292,219 shares of the company's stock, valued at approximately $14,291,942.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 225,859 shares of company stock worth $2,499,618. Company insiders own 74.99% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CMPO. CWM LLC grew its position in CompoSecure by 205.9% during the 2nd quarter. CWM LLC now owns 3,656 shares of the company's stock worth $25,000 after acquiring an additional 2,461 shares during the last quarter. Sandia Investment Management LP bought a new stake in shares of CompoSecure during the second quarter worth $68,000. Ritholtz Wealth Management acquired a new stake in shares of CompoSecure in the second quarter valued at $84,000. Algert Global LLC bought a new position in shares of CompoSecure in the second quarter valued at about $84,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in CompoSecure during the 1st quarter worth about $91,000. Institutional investors own 37.56% of the company's stock.

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.

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