CompoSecure (NASDAQ:CMPO) Reaches New 1-Year High - Here's What Happened

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.

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

Wall Street Analyst Weigh In

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

CompoSecure Stock Up 2.5%

The stock's fifty day moving average price is $17.34 and its 200 day moving average price is $14.02. The stock has a market cap of $2.07 billion, a PE ratio of 19.97 and a beta of 0.96.

Insider Activity

In other news, Director Rebecca Corbin Loree purchased 5,240 shares of the business's stock in a transaction dated Friday, August 29th. The shares were purchased at an average price of $19.09 per share, for a total transaction of $100,031.60. Following the completion of the acquisition, the director directly owned 5,240 shares in the company, valued at $100,031.60. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kevin M. Moriarty purchased 13,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average price of $19.28 per share, for a total transaction of $250,640.00. Following the acquisition, the director owned 13,000 shares of the company's stock, valued at approximately $250,640. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 217,125 shares of company stock worth $4,139,550. Corporate insiders own 52.10% 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 CMPO. Raymond James Financial Inc. raised its position in CompoSecure by 4.2% in the second quarter. Raymond James Financial Inc. now owns 15,825 shares of the company's stock worth $223,000 after acquiring an additional 639 shares during the period. Tower Research Capital LLC TRC grew its stake in CompoSecure by 25.8% during the second quarter. Tower Research Capital LLC TRC now owns 3,478 shares of the company's stock valued at $49,000 after acquiring an additional 713 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of CompoSecure by 4.0% in the 2nd quarter. California State Teachers Retirement System now owns 24,089 shares of the company's stock worth $339,000 after buying an additional 937 shares in the last quarter. AlphaQuest LLC boosted its stake in shares of CompoSecure by 15.0% during the 2nd quarter. AlphaQuest LLC now owns 7,625 shares of the company's stock worth $107,000 after purchasing an additional 994 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of CompoSecure by 9.0% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,363 shares of the company's stock worth $174,000 after purchasing an additional 1,024 shares during the period. Hedge funds and other 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.