CompoSecure (NASDAQ:CMPO) Shares Gap Up Following Analyst Upgrade

CompoSecure, Inc. (NASDAQ:CMPO)’s share price gapped up before the market opened on Wednesday after Benchmark raised their price target on the stock from $12.00 to $17.00. The stock had previously closed at $12.33, but opened at $12.67. Benchmark currently has a buy rating on the stock. CompoSecure shares last traded at $12.69, with a volume of 90,126 shares traded.

Several other research firms also recently weighed in on CMPO. Needham & Company LLC lifted their target price on CompoSecure from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price objective on CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Compass Point increased their target price on shares of CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Bank of America lifted their price target on shares of CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, Lake Street Capital initiated coverage on shares of CompoSecure in a research note on Thursday, June 27th. They issued a “buy” rating and a $12.00 price objective for the company. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, CompoSecure presently has an average rating of “Moderate Buy” and a consensus price target of $14.21.

Insider Buying and Selling at CompoSecure

In related news, insider Adam Joseph Lowe sold 45,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $11.06, for a total transaction of $497,700.00. Following the completion of the transaction, the insider now directly owns 1,292,219 shares of the company’s stock, valued at $14,291,942.14. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Adam Joseph Lowe sold 45,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $11.06, for a total value of $497,700.00. Following the sale, the insider now owns 1,292,219 shares in the company, valued at $14,291,942.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michele Logan sold 10,017,983 shares of the company’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 $75,635,771.65. Following the sale, the director now directly owns 2,043,320 shares in the company, valued at approximately $15,427,066. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,867,586 shares of company stock worth $82,870,442. Insiders own 74.99% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

Several large investors have recently modified their holdings of CMPO. CWM LLC lifted its position in CompoSecure by 205.9% in the second quarter. CWM LLC now owns 3,656 shares of the company’s stock worth $25,000 after buying an additional 2,461 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of CompoSecure by 17.3% in the 2nd quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock worth $133,000 after acquiring an additional 2,877 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of CompoSecure by 16.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 50,031 shares of the company’s stock worth $340,000 after purchasing an additional 6,891 shares during the period. Sandia Investment Management LP purchased a new position in shares of CompoSecure during the 2nd quarter worth about $68,000. Finally, Ritholtz Wealth Management bought a new position in CompoSecure during the 2nd quarter valued at about $84,000. Institutional investors own 37.56% of the company’s stock.

CompoSecure Price Performance

The firm has a fifty day moving average price of $10.22 and a two-hundred day moving average price of $7.85. The stock has a market capitalization of $1.08 billion, a PE ratio of 13.88, a P/E/G ratio of 0.88 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last issued its earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $108.57 million during the quarter, compared to analyst estimates of $102.22 million. CompoSecure had a net margin of 6.33% and a negative return on equity of 11.78%. During the same period in the previous year, the firm earned $0.25 earnings per share. On average, research analysts expect that CompoSecure, Inc. will post 1.1 earnings per share for the current fiscal 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.