CompoSecure (NASDAQ:CMPO) Shares Gap Up Following Analyst Upgrade

CompoSecure, Inc. (NASDAQ:CMPO)’s share price gapped up prior to trading on Wednesday after Benchmark raised their price target on the stock from $12.00 to $17.00. The stock had previously closed at $12.33, but opened at $12.67. Benchmark currently has a buy rating on the stock. CompoSecure shares last traded at $12.69, with a volume of 90,126 shares trading hands.

A number of other analysts have also recently commented on the stock. Needham & Company LLC boosted 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. 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 raised their target price on CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Lake Street Capital started coverage on CompoSecure in a research report on Thursday, June 27th. They set a “buy” rating and a $12.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price objective on CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.21.

Insider Buying and Selling at CompoSecure

In other news, COO Gregoire Maes sold 50,000 shares of CompoSecure stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $11.04, for a total transaction of $552,000.00. Following the transaction, the chief operating officer now owns 762,009 shares in the company, valued at approximately $8,412,579.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, COO Gregoire Maes sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $11.04, for a total transaction of $552,000.00. Following the completion of the sale, the chief operating officer now owns 762,009 shares in the company, valued at approximately $8,412,579.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Amanda Mandy Gourbault sold 130,859 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $11.08, for a total value of $1,449,917.72. Following the completion of the transaction, the executive now owns 908,641 shares in the company, valued at $10,067,742.28. The disclosure for this sale can be found here. Insiders sold a total of 10,867,586 shares of company stock worth $82,870,442 in the last three months. 74.99% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CompoSecure

Hedge funds have recently modified their holdings of the business. Grizzlyrock Capital LLC purchased a new position in CompoSecure during the fourth quarter worth about $3,223,000. Wellington Management Group LLP boosted its position in shares of CompoSecure by 69.2% during the 4th quarter. Wellington Management Group LLP now owns 601,548 shares of the company’s stock worth $3,248,000 after purchasing an additional 246,094 shares during the period. GSA Capital Partners LLP increased its holdings in CompoSecure by 87.9% in the 1st quarter. GSA Capital Partners LLP now owns 103,875 shares of the company’s stock valued at $751,000 after purchasing an additional 48,586 shares during the last quarter. Pacific Ridge Capital Partners LLC acquired a new stake in CompoSecure in the 1st quarter valued at approximately $1,424,000. Finally, Vanguard Group Inc. raised its position in CompoSecure by 1.6% in the first quarter. Vanguard Group Inc. now owns 843,476 shares of the company’s stock valued at $6,098,000 after purchasing an additional 13,081 shares during the period. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

CompoSecure Price Performance

The business has a 50 day simple moving average of $9.98 and a 200 day simple moving average of $7.77. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 0.88 and a beta of 0.76.

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

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.