CompoSecure (NASDAQ:CMPO) Sees Large Volume Increase Following Analyst Upgrade

CompoSecure, Inc. (NASDAQ:CMPO) saw unusually-high trading volume on Thursday after Benchmark raised their price target on the stock from $12.00 to $17.00. Benchmark currently has a buy rating on the stock. Approximately 980,672 shares changed hands during trading, an increase of 136% from the previous session’s volume of 415,725 shares.The stock last traded at $13.51 and had previously closed at $13.49.

Several other research analysts also recently commented on CMPO. Lake Street Capital started coverage on CompoSecure in a research note on Thursday, June 27th. They issued a “buy” rating and a $12.00 price objective for the company. Compass Point lifted their price target on CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. upped their price objective on shares of CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Needham & Company LLC lifted their target price on shares of CompoSecure from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Finally, Bank of America boosted their target price on shares of CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.21.

Insider Buying and Selling

In other news, insider Adam Joseph Lowe sold 5,730 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $12.05, for a total value of $69,046.50. Following the sale, the insider now directly owns 1,292,219 shares of the company’s stock, valued at approximately $15,571,238.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total transaction of $75,635,771.65. Following the sale, the director now directly owns 2,043,320 shares in the company, valued at $15,427,066. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam Joseph Lowe sold 5,730 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $12.05, for a total transaction of $69,046.50. Following the sale, the insider now owns 1,292,219 shares in the company, valued at $15,571,238.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,867,586 shares of company stock valued at $82,870,442. 74.99% of the stock is currently owned by insiders.

Institutional Trading of CompoSecure

Hedge funds have recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in CompoSecure by 205.9% in the second quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after purchasing an additional 2,461 shares in the last quarter. Sandia Investment Management LP acquired a new position in CompoSecure in the 2nd quarter valued at $68,000. Ritholtz Wealth Management purchased a new position in CompoSecure during the second quarter worth about $84,000. Algert Global LLC purchased a new position in shares of CompoSecure during the 2nd quarter worth approximately $84,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of CompoSecure in the 1st quarter valued at approximately $91,000. Institutional investors and hedge funds own 37.56% of the company’s stock.

CompoSecure Price Performance

The stock has a 50 day moving average of $10.34 and a two-hundred day moving average of $7.91. The stock has a market capitalization of $1.08 billion, a PE ratio of 13.88, a P/E/G ratio of 0.88 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last released its earnings results on Wednesday, August 7th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. CompoSecure had a negative return on equity of 11.78% and a net margin of 6.33%. The company had revenue of $108.57 million during the quarter, compared to the consensus estimate of $102.22 million. During the same quarter last year, the company earned $0.25 earnings per share. As a group, research analysts predict that CompoSecure, Inc. will post 1.1 earnings per share for the current fiscal year.

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.