CompoSecure (NASDAQ:CMPO) Reaches New 52-Week High – Should You Buy?

Shares of CompoSecure, Inc. (NASDAQ:CMPO) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.13 and last traded at $17.09, with a volume of 1555935 shares changing hands. The stock had previously closed at $15.64.

Analyst Ratings Changes

Several analysts have commented on CMPO shares. Benchmark reiterated a “buy” rating and set a $17.00 target price on shares of CompoSecure in a research report on Tuesday, November 12th. TD Cowen assumed coverage on CompoSecure in a research note on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price target for the company. B. Riley lifted their price objective on shares of CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 target price on shares of CompoSecure in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.81.

CompoSecure Stock Performance

The stock has a fifty day simple moving average of $15.47 and a 200-day simple moving average of $14.23.

Insider Buying and Selling at CompoSecure

In related news, insider Adam Joseph Lowe sold 34,310 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $16.24, for a total value of $557,194.40. Following the completion of the sale, the insider now directly owns 1,315,068 shares in the company, valued at $21,356,704.32. The trade was a 2.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Gregoire Maes sold 24,323 shares of CompoSecure stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $16.25, for a total value of $395,248.75. Following the sale, the chief operating officer now directly owns 762,009 shares of the company’s stock, valued at $12,382,646.25. This represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 180,660 shares of company stock worth $2,921,066 over the last ninety days. Insiders own 74.99% of the company’s stock.

Institutional Investors Weigh In On CompoSecure

A number of large investors have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS acquired a new position in CompoSecure in the 4th quarter valued at $75,000. nVerses Capital LLC acquired a new position in CompoSecure in the third quarter valued at about $72,000. CWM LLC lifted its position in shares of CompoSecure by 42.0% during the 3rd quarter. CWM LLC now owns 5,192 shares of the company’s stock worth $73,000 after buying an additional 1,536 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of CompoSecure during the 3rd quarter valued at approximately $74,000. Finally, FMR LLC increased its position in CompoSecure by 693.0% during the 3rd quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after purchasing an additional 5,156 shares in 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.