CompoSecure (NASDAQ:CMPO) Reaches New 1-Year High – Still a Buy?

CompoSecure, Inc. (NASDAQ:CMPO) reached a new 52-week high during trading on Tuesday . The stock traded as high as $21.00 and last traded at $20.85, with a volume of 1038027 shares traded. The stock had previously closed at $20.70.

Analysts Set New Price Targets

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

CompoSecure Price Performance

The stock’s fifty day moving average price is $18.26 and its 200 day moving average price is $14.50. The stock has a market capitalization of $2.06 billion, a P/E ratio of -11.95 and a beta of 0.97.

Insider Activity at CompoSecure

In other news, Director Rebecca Corbin Loree acquired 5,240 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were bought at an average price of $19.09 per share, with a total value of $100,031.60. Following the completion of the purchase, the director directly owned 5,240 shares in the company, valued at $100,031.60. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Gregoire Maes sold 97,226 shares of the firm’s stock in a transaction on 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 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. Insiders have sold 217,125 shares of company stock valued at $4,139,550 over the last 90 days. 52.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CompoSecure

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of CompoSecure by 1,524.4% in the first quarter. GAMMA Investing LLC now owns 2,794 shares of the company’s stock valued at $30,000 after acquiring an additional 2,622 shares in the last quarter. MorganRosel Wealth Management LLC purchased a new position in CompoSecure during the 1st quarter valued at about $43,000. Tower Research Capital LLC TRC raised its holdings in shares of CompoSecure by 25.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,478 shares of the company’s stock valued at $49,000 after purchasing an additional 713 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of CompoSecure by 80.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,488 shares of the company’s stock worth $63,000 after purchasing an additional 1,995 shares during the period. Finally, AlphaQuest LLC purchased a new stake in shares of CompoSecure in the 1st quarter worth approximately $72,000. Institutional investors 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.