CompoSecure (NASDAQ:CMPO) Hits New 12-Month High – Time to Buy?

CompoSecure, Inc. (NASDAQ:CMPO)’s stock price reached a new 52-week high on Monday . The stock traded as high as $17.00 and last traded at $16.98, with a volume of 202901 shares trading hands. The stock had previously closed at $16.55.

Analyst Upgrades and Downgrades

CMPO has been the topic of a number of recent analyst reports. Benchmark reissued a “buy” rating and set a $17.00 price target on shares of CompoSecure in a report on Tuesday, November 12th. JPMorgan Chase & Co. increased their target price on shares of CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. B. Riley lifted their price target on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 11th. TD Cowen initiated coverage on CompoSecure in a research report on Wednesday. They set a “buy” rating and a $20.00 price target on the stock. Finally, Compass Point boosted their price objective on CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research report on Tuesday, August 20th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, CompoSecure presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.81.

CompoSecure Stock Performance

The company has a 50 day simple moving average of $15.34 and a 200 day simple moving average of $11.61. The company has a market capitalization of $1.42 billion, a PE ratio of -36.70, a price-to-earnings-growth ratio of 2.65 and a beta of 0.76.

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

Insider Transactions at CompoSecure

In other news, insider Adam Joseph Lowe sold 66,350 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $15.91, for a total value of $1,055,628.50. Following the completion of the sale, the insider now directly owns 1,358,692 shares in the company, valued at $21,616,789.72. This represents a 4.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Gregoire Maes sold 55,137 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.40, for a total value of $904,246.80. Following the completion of the sale, the chief operating officer now directly owns 762,009 shares of the company’s stock, valued at approximately $12,496,947.60. This represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 180,660 shares of company stock valued at $2,921,066 over the last 90 days. 74.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CMPO. CWM LLC raised its stake in CompoSecure by 205.9% during 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. Sandia Investment Management LP purchased a new stake in shares of CompoSecure in the 2nd quarter valued at approximately $68,000. nVerses Capital LLC acquired a new stake in shares of CompoSecure during the 3rd quarter worth approximately $72,000. Wolverine Asset Management LLC purchased a new stake in shares of CompoSecure during the 3rd quarter valued at approximately $74,000. Finally, FMR LLC lifted its holdings in CompoSecure by 693.0% in the third quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after acquiring an additional 5,156 shares during the last quarter. Institutional investors and hedge funds own 37.56% of the company’s stock.

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.