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

Key Points

• CompoSecure shares hit a new 12-month high at $20.28, indicating strong trading activity with a volume of 168,176 shares.
• Analysts have differing views, with B. Riley upgrading their target to $23.00 while JPMorgan set a lower target at $16.00; the stock has a consensus rating of "Moderate Buy."
• Insider activity reveals that Director Kevin M. Moriarty bought 13,000 shares, while COO Gregoire Maes sold 97,226 shares, highlighting mixed sentiment within management.

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $20.27 and last traded at $20.28, with a volume of 168176 shares traded. The stock had previously closed at $19.64.

Wall Street Analyst Weigh In

CMPO has been the topic of several recent analyst reports. Benchmark increased their target price on CompoSecure from $14.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $16.00 target price on shares of CompoSecure in a research report on Wednesday, August 20th. Finally, B. Riley reiterated a "buy" rating and set a $23.00 target price (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 given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $17.67.

CompoSecure Stock Down 1.8%

The company's fifty day moving average is $17.34 and its 200 day moving average is $13.98. The stock has a market cap of $2.02 billion, a PE ratio of -11.77 and a beta of 0.97.

Insider Activity

In related news, Director Rebecca Corbin Loree purchased 5,240 shares of the firm's stock in a transaction dated Friday, August 29th. The stock was acquired at an average price of $19.09 per share, with a total value of $100,031.60. Following the completion of the transaction, the director owned 5,240 shares of the company's stock, valued at $100,031.60. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Gregoire Maes sold 97,226 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $19.36, for a total transaction of $1,882,295.36. Following the sale, the chief operating officer directly owned 779,062 shares of the company's stock, valued at $15,082,640.32. The trade was a 11.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 217,125 shares of company stock worth $4,139,550 over the last three months. Insiders own 52.10% of the company's stock.

Hedge Funds Weigh In On CompoSecure

A number of hedge funds have recently added to or reduced their stakes in the business. Locust Wood Capital Advisers LLC lifted its stake in CompoSecure by 11.2% in the second quarter. Locust Wood Capital Advisers LLC now owns 8,158,327 shares of the company's stock valued at $114,951,000 after buying an additional 819,312 shares during the last quarter. Vanguard Group Inc. boosted its stake in CompoSecure by 65.7% during the 1st quarter. Vanguard Group Inc. now owns 2,337,323 shares of the company's stock valued at $25,407,000 after purchasing an additional 926,389 shares during the period. Corsair Capital Management L.P. acquired a new position in CompoSecure during the 1st quarter valued at about $19,901,000. Zuckerman Investment Group LLC boosted its stake in CompoSecure by 4.7% during the 2nd quarter. Zuckerman Investment Group LLC now owns 1,622,542 shares of the company's stock valued at $22,862,000 after purchasing an additional 72,910 shares during the period. Finally, Tidal Investments LLC lifted its holdings in CompoSecure by 5.7% in the second quarter. Tidal Investments LLC now owns 1,587,640 shares of the company's stock worth $22,370,000 after purchasing an additional 86,186 shares during the period. Institutional investors and hedge funds 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.