CompoSecure (NASDAQ:CMPO) Sees Large Volume Increase on Analyst Upgrade

CompoSecure, Inc. (NASDAQ:CMPO) shares saw unusually-strong trading volume on Thursday after Benchmark raised their price target on the stock from $12.00 to $17.00. Benchmark currently has a buy rating on the stock. Approximately 980,672 shares changed hands during mid-day trading, an increase of 136% from the previous session’s volume of 415,725 shares.The stock last traded at $13.51 and had previously closed at $13.49.

Other analysts have also issued research reports about the company. Compass Point upped their target price on CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a report on Tuesday, August 20th. Bank of America increased their price objective 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. Lake Street Capital initiated coverage on shares of CompoSecure in a research report on Thursday, June 27th. They set a “buy” rating and a $12.00 target price for the company. JPMorgan Chase & Co. upped their price target on shares of CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Finally, Needham & Company LLC raised their price objective on shares of CompoSecure from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.21.

Insider Activity at CompoSecure

In other CompoSecure news, Director Michele Logan sold 10,017,983 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 transaction of $75,635,771.65. Following the sale, the director now directly owns 2,043,320 shares of the company’s stock, valued at approximately $15,427,066. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 2,043,320 shares in the company, valued at approximately $15,427,066. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jonathan Wilk sold 618,014 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was 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 owns 618,013 shares in the company, valued at approximately $4,665,998.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,867,586 shares of company stock valued at $82,870,442. 74.99% of the stock is owned by insiders.

Institutional Investors Weigh In On CompoSecure

Several hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC purchased a new position in CompoSecure during the second quarter worth approximately $147,000. Point72 Asset Management L.P. acquired a new stake in shares of CompoSecure during the 2nd quarter worth $130,000. Quarry LP raised its position in shares of CompoSecure by 209.6% in the 2nd quarter. Quarry LP now owns 19,095 shares of the company’s stock worth $130,000 after buying an additional 12,927 shares during the period. Algert Global LLC acquired a new position in CompoSecure in the second quarter valued at $84,000. Finally, Pacific Ridge Capital Partners LLC grew its position in CompoSecure by 146.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock valued at $3,308,000 after acquiring an additional 289,451 shares during the period. 37.56% of the stock is owned by institutional investors and hedge funds.

CompoSecure Price Performance

The stock has a market cap of $1.08 billion, a PE ratio of 13.88, a P/E/G ratio of 0.88 and a beta of 0.76. The stock has a 50-day simple moving average of $10.34 and a 200-day simple moving average of $7.91.

CompoSecure (NASDAQ:CMPO) last issued its earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business earned $0.25 EPS. As a group, equities research analysts anticipate that CompoSecure, Inc. will post 1.1 EPS for the current year.

About CompoSecure

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.