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

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

Analyst Ratings Changes

CMPO has been the topic of several recent research reports. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $16.00 price target on shares of CompoSecure in a report on Wednesday, August 20th. B. Riley reissued a "buy" rating and issued a $23.00 price target (up previously from $17.00) on shares of CompoSecure in a report on Monday, August 18th. Finally, Benchmark raised their price target on CompoSecure from $14.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.67.

CompoSecure Trading Up 0.5%

The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of -12.12 and a beta of 0.97. The stock has a fifty day moving average of $17.58 and a 200-day moving average of $14.12.

Insider Buying and Selling

In related news, Director Rebecca Corbin Loree bought 5,240 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The shares were acquired at an average cost of $19.09 per share, for a total transaction of $100,031.60. Following the acquisition, the director directly owned 5,240 shares of the company's stock, valued at $100,031.60. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Gregoire Maes sold 97,226 shares of CompoSecure 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 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 quarter, insiders have sold 217,125 shares of company stock valued at $4,139,550. Insiders own 52.10% of the company's stock.

Hedge Funds Weigh In On CompoSecure

A number of hedge funds have recently modified their holdings of CMPO. Ameriprise Financial Inc. boosted its position in shares of CompoSecure by 1.9% in the fourth quarter. Ameriprise Financial Inc. now owns 133,399 shares of the company's stock worth $2,045,000 after buying an additional 2,521 shares during the period. Cetera Investment Advisers acquired a new stake in shares of CompoSecure in the fourth quarter worth $269,000. Deutsche Bank AG boosted its position in shares of CompoSecure by 88.9% in the fourth quarter. Deutsche Bank AG now owns 21,379 shares of the company's stock worth $328,000 after buying an additional 10,062 shares during the period. Squarepoint Ops LLC boosted its position in shares of CompoSecure by 29.7% in the fourth quarter. Squarepoint Ops LLC now owns 270,145 shares of the company's stock worth $4,141,000 after buying an additional 61,928 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of CompoSecure in the fourth quarter worth $177,000. 37.56% of the stock is currently owned by institutional investors and hedge funds.

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.

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