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

CompoSecure, Inc. (NASDAQ:CMPO)’s share price hit a new 52-week high on Monday . The company traded as high as $16.40 and last traded at $16.40, with a volume of 860 shares trading hands. The stock had previously closed at $16.04.

Analysts Set New Price Targets

CMPO has been the subject of several research reports. Compass Point boosted their price objective on CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Bank of America boosted their price target on shares of CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. B. Riley boosted their target price on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price objective on shares of CompoSecure in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. raised their target price on CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. One investment 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.com, CompoSecure currently has a consensus rating of “Moderate Buy” and an average price target of $15.79.

CompoSecure Price Performance

The business has a 50-day simple moving average of $14.44 and a 200-day simple moving average of $10.46.

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

Insiders Place Their Bets

In other CompoSecure news, CEO Jonathan Wilk sold 618,014 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $4,666,005.70. Following the sale, the chief executive officer now directly owns 618,013 shares in the company, valued at $4,665,998.15. This trade represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Joseph Lowe sold 5,730 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $12.05, for a total value of $69,046.50. Following the transaction, the insider now directly owns 1,292,219 shares of the company’s stock, valued at approximately $15,571,238.95. This represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,641,727 shares of company stock worth $80,370,824 in the last quarter. 74.99% of the stock is owned by company insiders.

Hedge Funds Weigh In On CompoSecure

Several hedge funds have recently added to or reduced their stakes in the stock. Pacific Ridge Capital Partners LLC grew its holdings 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 worth $3,308,000 after purchasing an additional 289,451 shares during the last quarter. Boston Partners grew its stake in CompoSecure by 40.8% during the 1st quarter. Boston Partners now owns 557,136 shares of the company’s stock worth $4,028,000 after buying an additional 161,333 shares during the last quarter. Renaissance Technologies LLC increased its position in CompoSecure by 165.4% during the second quarter. Renaissance Technologies LLC now owns 209,389 shares of the company’s stock worth $1,424,000 after buying an additional 130,489 shares during the period. Bailard Inc. purchased a new stake in CompoSecure in the second quarter valued at approximately $259,000. Finally, Rhumbline Advisers boosted its holdings in shares of CompoSecure by 17.3% in the second quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock valued at $133,000 after acquiring an additional 2,877 shares during the period. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

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.