CompoSecure (NASDAQ:CMPO) Hits New 1-Year High – What’s Next?

CompoSecure, Inc. (NASDAQ:CMPO)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $20.86 and last traded at $20.36, with a volume of 629383 shares traded. The stock had previously closed at $20.26.

Analysts Set New Price Targets

Several brokerages have recently commented on CMPO. B. Riley reaffirmed a “buy” rating and issued a $23.00 target price (up previously from $17.00) on shares of CompoSecure in a research report on Monday, August 18th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $16.00 price objective on shares of CompoSecure in a research report on Wednesday, August 20th. Finally, Benchmark lifted their price objective on CompoSecure from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, CompoSecure currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.67.

CompoSecure Price Performance

The business has a 50 day moving average price of $17.58 and a 200 day moving average price of $14.12. The firm has a market capitalization of $2.08 billion, a P/E ratio of -12.12 and a beta of 0.97.

Insiders Place Their Bets

In other CompoSecure news, Director Kevin M. Moriarty acquired 13,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were acquired at an average cost of $19.28 per share, for a total transaction of $250,640.00. Following the completion of the purchase, the director owned 13,000 shares of the company’s stock, valued at approximately $250,640. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Gregoire Maes sold 97,226 shares of CompoSecure stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $19.36, for a total value of $1,882,295.36. Following the completion of the transaction, the chief operating officer owned 779,062 shares in the company, valued at $15,082,640.32. The trade was a 11.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 217,125 shares of company stock valued at $4,139,550. Company insiders own 52.10% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMPO. Ameriprise Financial Inc. increased its stake in CompoSecure by 1.9% during the fourth quarter. Ameriprise Financial Inc. now owns 133,399 shares of the company’s stock valued at $2,045,000 after acquiring an additional 2,521 shares during the period. Cetera Investment Advisers bought a new position in CompoSecure during the fourth quarter valued at about $269,000. Deutsche Bank AG increased its stake in CompoSecure by 88.9% during the fourth quarter. Deutsche Bank AG now owns 21,379 shares of the company’s stock valued at $328,000 after acquiring an additional 10,062 shares during the period. Squarepoint Ops LLC increased its stake in CompoSecure by 29.7% during the fourth quarter. Squarepoint Ops LLC now owns 270,145 shares of the company’s stock valued at $4,141,000 after acquiring an additional 61,928 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in CompoSecure during the fourth quarter valued at about $177,000. 37.56% of the stock is currently owned by institutional investors.

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.