CompoSecure (NASDAQ:CMPO) Sets New 1-Year High – Should You Buy?

CompoSecure, Inc. (NASDAQ:CMPO) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $16.77 and last traded at $16.13, with a volume of 110574 shares changing hands. The stock had previously closed at $16.16.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. B. Riley increased their target price on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Benchmark reiterated a “buy” rating and issued a $17.00 target price on shares of CompoSecure in a research report on Tuesday, November 12th. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 target price on shares of CompoSecure in a research report on Monday, November 11th. JPMorgan Chase & Co. increased their target price on shares of CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Finally, Compass Point raised their price objective on shares of CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.36.

CompoSecure Stock Performance

The business’s 50 day simple moving average is $14.99 and its 200 day simple moving average is $11.12.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. The firm had revenue of $107.14 million for the quarter, compared to analysts’ expectations of $105.11 million. During the same period in the prior year, the company posted $0.24 earnings per share. As a group, equities research analysts predict that CompoSecure, Inc. will post 1.02 EPS for the current fiscal year.

Insider Buying and Selling at CompoSecure

In other news, Director Michele Logan sold 10,017,983 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $75,635,771.65. Following the completion of the sale, the director now directly owns 2,043,320 shares of the company’s stock, valued at $15,427,066. This represents a 83.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Gregoire Maes sold 24,323 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $16.25, for a total value of $395,248.75. Following the transaction, the chief operating officer now owns 762,009 shares in the company, valued at approximately $12,382,646.25. This trade represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,666,590 shares of company stock valued at $80,774,821. 74.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CompoSecure

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in CompoSecure by 1.6% in the first quarter. Vanguard Group Inc. now owns 843,476 shares of the company’s stock worth $6,098,000 after purchasing an additional 13,081 shares during the period. 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 purchasing an additional 2,461 shares during the period. Bailard Inc. bought a new position in CompoSecure in the second quarter worth $259,000. Bank of New York Mellon Corp lifted its position in CompoSecure by 16.0% in the second 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. Finally, Ritholtz Wealth Management bought a new position in shares of CompoSecure during the second quarter valued at $84,000. Institutional investors and hedge funds 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.