CompoSecure (NASDAQ:CMPO) Shares Gap Up Following Analyst Upgrade

CompoSecure, Inc. (NASDAQ:CMPO)’s share price gapped up prior to trading on Wednesday after Benchmark raised their price target on the stock from $12.00 to $17.00. The stock had previously closed at $12.33, but opened at $12.67. Benchmark currently has a buy rating on the stock. CompoSecure shares last traded at $12.69, with a volume of 90,126 shares traded.

A number of other equities analysts have also recently weighed in on the company. Lake Street Capital assumed coverage on CompoSecure in a report on Thursday, June 27th. They set a “buy” rating and a $12.00 price target for the company. Compass Point increased their target price on shares of CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Bank of America boosted their price target on shares of CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. upped their price objective on shares of CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Finally, Needham & Company LLC lifted their target price on shares of CompoSecure from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.21.

Insider Buying and Selling

In related news, 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 completion of the transaction, the chief executive officer now owns 618,013 shares in the company, valued at $4,665,998.15. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other CompoSecure news, CEO Jonathan Wilk sold 618,014 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 618,013 shares in the company, valued at $4,665,998.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michele Logan sold 10,017,983 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $75,635,771.65. Following the transaction, the director now owns 2,043,320 shares in the company, valued at approximately $15,427,066. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,867,586 shares of company stock worth $82,870,442. Company insiders own 74.99% of the company’s stock.

Institutional Investors Weigh In On CompoSecure

Several hedge funds have recently made changes to their positions in the business. Grizzlyrock Capital LLC purchased a new stake in CompoSecure during the 4th quarter valued at approximately $3,223,000. Pacific Ridge Capital Partners LLC acquired a new stake in shares of CompoSecure during the first quarter worth $1,424,000. Boston Partners grew its position in CompoSecure by 40.8% in the 1st quarter. Boston Partners now owns 557,136 shares of the company’s stock valued at $4,028,000 after buying an additional 161,333 shares during the last quarter. Bailard Inc. acquired a new position in CompoSecure in the 2nd quarter valued at $259,000. Finally, GSA Capital Partners LLP raised its position in CompoSecure by 87.9% during the 1st quarter. GSA Capital Partners LLP now owns 103,875 shares of the company’s stock worth $751,000 after buying an additional 48,586 shares during the last quarter. Institutional investors and hedge funds own 37.56% of the company’s stock.

CompoSecure Stock Performance

The company has a market cap of $1.09 billion, a PE ratio of 13.91, a P/E/G ratio of 0.88 and a beta of 0.76. The stock’s 50-day simple moving average is $10.10 and its 200 day simple moving average is $7.81.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. The business had revenue of $108.57 million during the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.25 EPS. On average, sell-side analysts predict that CompoSecure, Inc. will post 1.1 EPS for the current fiscal year.

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.