CompoSecure (NASDAQ:CMPO) Trading Up 8.9% – Still a Buy?

CompoSecure, Inc. (NASDAQ:CMPO) traded up 8.9% during trading on Thursday . The stock traded as high as $21.36 and last traded at $21.40. 1,357,719 shares traded hands during mid-day trading, an increase of 44% from the average session volume of 945,660 shares. The stock had previously closed at $19.66.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. TD Cowen lifted their price objective on shares of CompoSecure from $22.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of CompoSecure in a research report on Thursday. Cowen reissued a “buy” rating on shares of CompoSecure in a research report on Tuesday, November 4th. Benchmark increased their price objective on shares of CompoSecure from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Finally, Lake Street Capital restated a “buy” rating on shares of CompoSecure in a report on Wednesday, December 24th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $25.50.

CompoSecure Trading Up 8.6%

The company has a market capitalization of $2.70 billion, a P/E ratio of -12.71 and a beta of 0.98. The company has a 50 day moving average price of $19.80 and a 200 day moving average price of $18.45.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CMPO. Versant Capital Management Inc boosted its holdings in shares of CompoSecure by 291.8% during the third quarter. Versant Capital Management Inc now owns 2,018 shares of the company’s stock worth $42,000 after acquiring an additional 1,503 shares during the period. Tower Research Capital LLC TRC lifted its holdings in CompoSecure by 25.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,478 shares of the company’s stock worth $49,000 after purchasing an additional 713 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in CompoSecure by 80.0% during 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 last quarter. AlphaQuest LLC boosted its stake in CompoSecure by 15.0% in the 2nd quarter. AlphaQuest LLC now owns 7,625 shares of the company’s stock valued at $107,000 after purchasing an additional 994 shares during the period. Finally, KLP Kapitalforvaltning AS grew its holdings in CompoSecure by 73.5% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 8,500 shares of the company’s stock valued at $120,000 after buying an additional 3,600 shares in the last quarter. 37.56% of the stock is owned by institutional investors.

CompoSecure Company Profile

CompoSecure is a global provider of secure card and credential solutions, specializing in the design, manufacturing and personalization of payment cards, identification credentials and related services. The company develops a range of card products that include metal cards, composite cards and hybrid designs integrating advanced security features such as EMV chip technology, contactless interfaces and specialized surface treatments. CompoSecure’s offerings are tailored to the needs of banks, credit unions, fintech firms and government agencies seeking to differentiate their cards and enhance consumer engagement.

The company’s product portfolio extends beyond physical cards to encompass digital issuance and lifecycle management solutions.