CompoSecure (NASDAQ:CMPO) Sees Unusually-High Trading Volume - Here's What Happened

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) shares saw strong trading volume on Tuesday . 922,032 shares traded hands during mid-day trading, an increase of 92% from the previous session's volume of 480,551 shares.The stock last traded at $15.19 and had previously closed at $14.81.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CMPO. Needham & Company LLC boosted their target price on CompoSecure from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Thursday, August 8th. Compass Point increased 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, August 20th. Benchmark lifted their target price on shares of CompoSecure from $12.00 to $17.00 and gave the company a "buy" rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. increased their price target on CompoSecure from $8.00 to $12.00 and gave the company a "neutral" rating in a report on Tuesday, August 20th. Finally, Bank of America boosted their price objective on CompoSecure from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, CompoSecure currently has a consensus rating of "Moderate Buy" and an average price target of $15.07.

CompoSecure Stock Up 3.0 %

The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 1.05 and a beta of 0.78. The firm has a 50 day moving average price of $12.25 and a two-hundred day moving average price of $8.81.

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

Insider Buying and Selling at CompoSecure

In other news, CEO Jonathan Wilk sold 618,014 shares of the firm's stock in a transaction dated Tuesday, September 17th. The shares were 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 directly owns 618,013 shares in the company, valued at approximately $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 can be accessed through the SEC website. In other CompoSecure news, COO Gregoire Maes sold 50,000 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $11.04, for a total value of $552,000.00. Following the sale, the chief operating officer now directly owns 762,009 shares in the company, valued at approximately $8,412,579.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jonathan Wilk sold 618,014 shares of the business's stock in a transaction on Tuesday, September 17th. The shares were 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 directly owns 618,013 shares of the company's stock, valued at approximately $4,665,998.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,867,586 shares of company stock worth $82,870,442 over the last 90 days. Insiders own 74.99% of the company's stock.

Institutional Trading of CompoSecure

Several hedge funds have recently bought and sold shares of the company. CWM LLC increased its stake 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 purchasing an additional 2,461 shares during the period. Sandia Investment Management LP bought a new stake in CompoSecure during the 2nd quarter valued at $68,000. Ritholtz Wealth Management acquired a new position in CompoSecure during the 2nd quarter worth $84,000. Algert Global LLC acquired a new position in CompoSecure during the 2nd quarter worth $84,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of CompoSecure in the first quarter worth $91,000. 37.56% of the stock is currently owned by 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.

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