CompoSecure (NASDAQ:CMPO) Sets New 52-Week High – Should You Buy?

CompoSecure, Inc. (NASDAQ:CMPO) reached a new 52-week high during trading on Thursday . The company traded as high as $16.05 and last traded at $16.05, with a volume of 72583 shares. The stock had previously closed at $15.48.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CMPO. Compass Point lifted their price objective on shares of CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Needham & Company LLC increased their price objective on shares of CompoSecure from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. lifted their target price on CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Bank of America increased their price target on CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Lake Street Capital boosted their target price on shares of CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.07.

CompoSecure Price Performance

The firm has a market capitalization of $1.30 billion, a P/E ratio of 15.48, a P/E/G ratio of 1.10 and a beta of 0.76. The stock’s fifty day simple moving average is $13.75 and its 200 day simple moving average is $9.79.

CompoSecure (NASDAQ:CMPO) last announced its earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The company 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 period in the prior year, the company posted $0.25 EPS. As a group, sell-side analysts forecast that CompoSecure, Inc. will post 1.1 EPS for the current fiscal year.

Insider Activity

In other CompoSecure news, CEO Jonathan Wilk sold 618,014 shares of CompoSecure stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total transaction of $4,666,005.70. Following the completion of the transaction, the chief executive officer now owns 618,013 shares in the company, valued at approximately $4,665,998.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Jonathan Wilk sold 618,014 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total transaction of $4,666,005.70. Following the sale, the chief executive officer now directly owns 618,013 shares in the company, valued at $4,665,998.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michele Logan sold 10,017,983 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $75,635,771.65. Following the completion of the transaction, the director now directly owns 2,043,320 shares of the company’s stock, valued at $15,427,066. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,867,586 shares of company stock valued at $82,870,442. Company insiders own 74.99% of the company’s stock.

Institutional Investors Weigh In On CompoSecure

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in CompoSecure by 1.6% during the first quarter. Vanguard Group Inc. now owns 843,476 shares of the company’s stock worth $6,098,000 after buying an additional 13,081 shares during the last quarter. Boston Partners boosted its position in shares of CompoSecure by 40.8% during the 1st quarter. Boston Partners now owns 557,136 shares of the company’s stock valued at $4,028,000 after acquiring an additional 161,333 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in shares of CompoSecure by 146.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock valued at $3,308,000 after purchasing an additional 289,451 shares during the period. Bard Associates Inc. grew its holdings in shares of CompoSecure by 0.6% in the third quarter. Bard Associates Inc. now owns 305,247 shares of the company’s stock valued at $4,280,000 after purchasing an additional 1,957 shares during the period. Finally, Rice Hall James & Associates LLC acquired a new stake in CompoSecure during the third quarter worth about $3,766,000. Institutional investors and hedge funds own 37.56% of the company’s stock.

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.