CompoSecure (NASDAQ:CMPO) Sets New 52-Week High on Analyst Upgrade

CompoSecure, Inc. (NASDAQ:CMPO)’s stock price hit a new 52-week high on Monday after Benchmark raised their price target on the stock from $14.00 to $17.00. Benchmark currently has a buy rating on the stock. CompoSecure traded as high as $18.00 and last traded at $17.77, with a volume of 140372 shares trading hands. The stock had previously closed at $17.53.

Several other brokerages have also recently weighed in on CMPO. Wall Street Zen cut CompoSecure from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of CompoSecure in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.07.

Institutional Investors Weigh In On CompoSecure

A number of hedge funds have recently made changes to their positions in CMPO. AlphaQuest LLC grew its holdings in CompoSecure by 15.0% during the 2nd quarter. AlphaQuest LLC now owns 7,625 shares of the company’s stock valued at $107,000 after buying an additional 994 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in CompoSecure by 9.0% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,363 shares of the company’s stock valued at $174,000 after buying an additional 1,024 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in CompoSecure by 2.6% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 57,015 shares of the company’s stock valued at $620,000 after buying an additional 1,440 shares in the last quarter. Delta Financial Group Inc. grew its holdings in CompoSecure by 11.6% during the 1st quarter. Delta Financial Group Inc. now owns 14,400 shares of the company’s stock valued at $166,000 after buying an additional 1,500 shares in the last quarter. Finally, Huntleigh Advisors Inc. grew its holdings in CompoSecure by 3.8% during the 2nd quarter. Huntleigh Advisors Inc. now owns 50,509 shares of the company’s stock valued at $712,000 after buying an additional 1,835 shares in the last quarter. 37.56% of the stock is currently owned by institutional investors.

CompoSecure Trading Up 2.5%

The firm has a market cap of $1.84 billion, a PE ratio of -10.69 and a beta of 0.94. The stock has a fifty day simple moving average of $14.38 and a two-hundred day simple moving average of $13.19.

CompoSecure (NASDAQ:CMPO) last posted its earnings results on Monday, May 12th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. The business had revenue of $103.90 million during the quarter, compared to analyst estimates of $103.22 million. CompoSecure had a negative return on equity of 59.26% and a negative net margin of 24.53%. As a group, sell-side analysts predict that CompoSecure, Inc. will post 1.02 earnings per share 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.