CompoSecure (NASDAQ:CMPO) Shares Up 6.3%

CompoSecure, Inc. (NASDAQ:CMPO)’s stock price was up 6.3% on Monday . The stock traded as high as $11.04 and last traded at $11.03. Approximately 585,565 shares traded hands during trading, an increase of 95% from the average daily volume of 300,024 shares. The stock had previously closed at $10.38.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CMPO. Benchmark raised their price objective on shares of CompoSecure from $10.00 to $12.00 and gave the company a “buy” rating in a report on Thursday. Bank of America lifted their price target on shares of CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday. B. Riley raised their target price on CompoSecure from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Needham & Company LLC lifted their target price on CompoSecure from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Lake Street Capital initiated coverage on CompoSecure in a research note on Thursday, June 27th. They issued a “buy” rating and a $12.00 price target for the company. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.29.

CompoSecure Stock Performance

The business has a 50 day moving average price of $7.24 and a 200-day moving average price of $6.52. The company has a market capitalization of $877.64 million, a price-to-earnings ratio of 11.23, a P/E/G ratio of 1.01 and a beta of 0.71.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $108.57 million for the quarter, compared to analysts’ expectations of $102.22 million. CompoSecure had a negative return on equity of 11.00% and a net margin of 5.14%. During the same period in the prior year, the business earned $0.25 EPS. As a group, equities analysts predict that CompoSecure, Inc. will post 1.07 EPS for the current fiscal year.

Institutional Investors Weigh In On CompoSecure

A number of large investors have recently bought and sold shares of CMPO. Vanguard Group Inc. boosted its position in shares of CompoSecure by 1.6% during the 1st 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 in the last quarter. Wellington Management Group LLP grew its stake in CompoSecure by 69.2% in the fourth quarter. Wellington Management Group LLP now owns 601,548 shares of the company’s stock valued at $3,248,000 after acquiring an additional 246,094 shares during the period. Grizzlyrock Capital LLC bought a new stake in shares of CompoSecure during the fourth quarter valued at approximately $3,223,000. Boston Partners raised its position in shares of CompoSecure by 40.8% during the first quarter. Boston Partners now owns 557,136 shares of the company’s stock worth $4,028,000 after purchasing an additional 161,333 shares during the period. Finally, Renaissance Technologies LLC grew its position in CompoSecure by 165.4% in the 2nd quarter. Renaissance Technologies LLC now owns 209,389 shares of the company’s stock valued at $1,424,000 after purchasing an additional 130,489 shares during the period. 37.56% of the stock is currently owned by institutional investors and hedge funds.

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.