CompoSecure (NASDAQ:CMPO) Sets New 12-Month High at $12.89

CompoSecure, Inc. (NASDAQ:CMPO) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $12.89 and last traded at $12.89, with a volume of 1072 shares trading hands. The stock had previously closed at $12.39.

Wall Street Analyst Weigh In

A number of analysts recently commented on CMPO shares. Lake Street Capital started coverage on shares of CompoSecure in a research note on Thursday, June 27th. They set a “buy” rating and a $12.00 price target on the stock. Needham & Company LLC raised their price target on CompoSecure from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price target on CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Benchmark increased their price objective on CompoSecure from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Finally, Compass Point lifted 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, CompoSecure currently has an average rating of “Moderate Buy” and an average target price of $13.50.

CompoSecure Stock Up 1.1 %

The stock has a 50-day moving average of $9.79 and a 200-day moving average of $7.67. The company has a market cap of $1.01 billion, a PE ratio of 12.77, a P/E/G ratio of 0.88 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. CompoSecure had a negative return on equity of 11.78% and a net margin of 6.33%. The firm had revenue of $108.57 million for the quarter, compared to analysts’ expectations of $102.22 million. During the same quarter last year, the firm posted $0.25 EPS. Research analysts expect that CompoSecure, Inc. will post 1.1 EPS for the current year.

Insiders Place Their Bets

In other CompoSecure news, insider Adam Joseph Lowe sold 5,730 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $12.05, for a total value of $69,046.50. Following the completion of the sale, the insider now owns 1,292,219 shares in the company, valued at $15,571,238.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Adam Joseph Lowe sold 5,730 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $12.05, for a total transaction of $69,046.50. Following the completion of the transaction, the insider now owns 1,292,219 shares in the company, valued at $15,571,238.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Gregoire Maes sold 50,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $11.04, for a total value of $552,000.00. Following the completion of the sale, the chief operating officer now directly owns 762,009 shares of the company’s stock, valued at approximately $8,412,579.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 231,589 shares of company stock valued at $2,568,664. 74.99% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CompoSecure

Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. purchased a new stake in CompoSecure in the second quarter worth about $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 acquiring an additional 12,927 shares in the last quarter. Algert Global LLC purchased a new position in shares of CompoSecure in the 2nd quarter valued at approximately $84,000. Pacific Ridge Capital Partners LLC boosted its position in shares of 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 purchasing an additional 289,451 shares in the last quarter. Finally, Sandia Investment Management LP purchased a new stake in CompoSecure in the second quarter worth $68,000. Hedge funds and other institutional investors 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.