CompoSecure (NASDAQ:CMPO) Sets New 52-Week High – What’s Next?

CompoSecure, Inc. (NASDAQ:CMPO)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $16.40 and last traded at $16.40, with a volume of 860 shares changing hands. The stock had previously closed at $16.04.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CMPO. Lake Street Capital boosted their price objective on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. 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. Bank of America lifted their price objective 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. Compass Point increased their target price on shares of CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of CompoSecure in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CompoSecure currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.79.

CompoSecure Price Performance

The company has a fifty day simple moving average of $14.44 and a two-hundred day simple moving average of $10.46.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business had revenue of $107.14 million for the quarter, compared to analysts’ expectations of $105.11 million. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. During the same period in the previous year, the business earned $0.24 earnings per share. As a group, sell-side analysts predict that CompoSecure, Inc. will post 1.02 earnings per share for the current fiscal year.

Insider Transactions at CompoSecure

In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of the firm’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 $75,635,771.65. Following the completion of the transaction, the director now owns 2,043,320 shares of the company’s stock, valued at approximately $15,427,066. This trade represents a 83.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,641,727 shares of company stock valued at $80,370,824 in the last 90 days. Insiders own 74.99% of the company’s stock.

Institutional Trading of CompoSecure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in CompoSecure by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 843,476 shares of the company’s stock valued at $6,098,000 after acquiring an additional 13,081 shares during the period. Quadrature Capital Ltd acquired a new stake in CompoSecure during the 1st quarter worth about $158,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of CompoSecure in the 1st quarter valued at about $91,000. Boston Partners grew its holdings in CompoSecure by 40.8% during the first quarter. Boston Partners now owns 557,136 shares of the company’s stock worth $4,028,000 after acquiring an additional 161,333 shares during the period. Finally, CWM LLC boosted its position in CompoSecure by 205.9% in the 2nd quarter. CWM LLC now owns 3,656 shares of the company’s stock worth $25,000 after purchasing an additional 2,461 shares in the last quarter. Institutional investors and hedge funds 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.