CompoSecure (NASDAQ:CMPO) Reaches New 12-Month High on Analyst Upgrade

CompoSecure, Inc. (NASDAQ:CMPO) shares reached a new 52-week high during mid-day trading on Friday after Needham & Company LLC raised their price target on the stock from $18.00 to $22.00. Needham & Company LLC currently has a buy rating on the stock. CompoSecure traded as high as $21.09 and last traded at $21.15, with a volume of 13716 shares. The stock had previously closed at $20.62.

Several other research firms also recently commented on CMPO. B. Riley reissued a “buy” rating and set a $23.00 price target (up from $17.00) on shares of CompoSecure in a research note on Monday, August 18th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $16.00 target price on shares of CompoSecure in a report on Wednesday, August 20th. Finally, Benchmark upped their price target on shares of CompoSecure from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.00.

Insider Activity

In other CompoSecure news, CFO Timothy Walter Fitzsimmons sold 100,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $18.74, for a total value of $1,874,000.00. Following the transaction, the chief financial officer owned 759,789 shares in the company, valued at approximately $14,238,445.86. The trade was a 11.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Gregoire Maes sold 97,226 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $19.36, for a total transaction of $1,882,295.36. Following the sale, the chief operating officer owned 779,062 shares of the company’s stock, valued at approximately $15,082,640.32. This represents a 11.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 217,125 shares of company stock worth $4,139,550. 52.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CompoSecure

Hedge funds and other institutional investors have recently made changes to their positions in the business. Locust Wood Capital Advisers LLC lifted its stake in CompoSecure by 60.3% in the first quarter. Locust Wood Capital Advisers LLC now owns 7,339,015 shares of the company’s stock worth $79,775,000 after acquiring an additional 2,759,872 shares during the period. Corsair Capital Management L.P. bought a new stake in shares of CompoSecure during the 1st quarter valued at about $19,901,000. Vanguard Group Inc. increased its position in shares of CompoSecure by 65.7% during the first quarter. Vanguard Group Inc. now owns 2,337,323 shares of the company’s stock valued at $25,407,000 after buying an additional 926,389 shares during the period. Jupiter Asset Management Ltd. raised its stake in CompoSecure by 319.0% in the second quarter. Jupiter Asset Management Ltd. now owns 570,633 shares of the company’s stock worth $8,040,000 after buying an additional 434,456 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new stake in CompoSecure in the first quarter worth about $4,138,000. Institutional investors own 37.56% of the company’s stock.

CompoSecure Stock Performance

The company has a 50-day simple moving average of $19.74 and a two-hundred day simple moving average of $15.58. The firm has a market capitalization of $2.11 billion, a P/E ratio of -12.27 and a beta of 0.97.

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.