CompoSecure (NASDAQ:CMPO) Reaches New 1-Year High on Analyst Upgrade

CompoSecure, Inc. (NASDAQ:CMPO) shares hit a new 52-week high during mid-day trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $12.00 to $16.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. CompoSecure traded as high as $16.39 and last traded at $16.38, with a volume of 835190 shares changing hands. The stock had previously closed at $15.95.

Other equities research analysts also recently issued research reports about the company. B. Riley upped their price target on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Benchmark reiterated a “buy” rating and set a $17.00 price target on shares of CompoSecure in a research note on Tuesday, November 12th. Bank of America increased their price objective on CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Compass Point raised their price target on CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a report on Tuesday, August 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $16.00 price target on shares of CompoSecure in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.36.

Insider Buying and Selling

In related news, COO Gregoire Maes sold 24,323 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $16.25, for a total value of $395,248.75. Following the transaction, the chief operating officer now owns 762,009 shares of the company’s stock, valued at $12,382,646.25. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jonathan Wilk sold 618,014 shares of the 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 sale, the chief executive officer now directly owns 618,013 shares in the company, valued at $4,665,998.15. This trade represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,666,590 shares of company stock worth $80,774,821. Corporate 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. Wealth Enhancement Advisory Services LLC increased its stake in shares of 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 in the last quarter. CWM LLC lifted its holdings in 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 acquiring an additional 1,536 shares during the last quarter. Bard Associates Inc. lifted its holdings in CompoSecure by 0.6% in the third quarter. Bard Associates Inc. now owns 305,247 shares of the company’s stock valued at $4,280,000 after acquiring an additional 1,957 shares during the last quarter. Rhumbline Advisers lifted its holdings in CompoSecure by 17.3% in the second quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock valued at $133,000 after acquiring an additional 2,877 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in CompoSecure during the third quarter worth $72,000. Institutional investors and hedge funds own 37.56% of the company’s stock.

CompoSecure Price Performance

The business has a 50 day simple moving average of $14.74 and a 200 day simple moving average of $10.79. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of -36.70, a PEG ratio of 1.26 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last posted its earnings results 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 business had revenue of $107.14 million during the quarter, compared to analysts’ expectations of $105.11 million. During the same period last year, the company earned $0.24 EPS. On average, equities research analysts predict that CompoSecure, Inc. will post 1.02 EPS for the current 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.