CompoSecure (NASDAQ:CMPO) Sets New 1-Year High - Here's Why

Key Points

• CompoSecure's stock (NASDAQ:CMPO) hit a 1-year high of $20.09 during trading, closing at $20.05, indicating significant market interest.
• Analysts have mixed ratings on CMPO; while B. Riley increased their price target to $23.00, Wall Street Zen downgraded it to a "hold," and JPMorgan Chase maintained an "underweight" rating with a $16.00 target.
• Insider trading activity includes CFO Timothy Walter Fitzsimmons and COO Gregoire Maes selling significant shares, with the possibility of impacting market perceptions as insiders own 52.10% of the company's stock.

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $20.09 and last traded at $20.05, with a volume of 56809 shares. The stock had previously closed at $19.86.

Analyst Ratings Changes

CMPO has been the topic of a number of research reports. B. Riley reissued 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. Wall Street Zen downgraded shares of CompoSecure from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $16.00 price objective on shares of CompoSecure in a report on Wednesday, August 20th. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price objective on shares of CompoSecure in a report on Tuesday, May 13th. Finally, Benchmark raised 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 investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, CompoSecure currently has an average rating of "Moderate Buy" and an average price target of $17.67.

CompoSecure Stock Up 0.8%

The firm's fifty day moving average price is $15.67 and its 200 day moving average price is $13.51. The stock has a market cap of $2.05 billion, a PE ratio of -11.92 and a beta of 0.94.

Insider Buying and Selling

In related news, CFO Timothy Walter Fitzsimmons sold 100,000 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $18.74, for a total value of $1,874,000.00. Following the sale, the chief financial officer owned 759,789 shares in the company, valued at approximately $14,238,445.86. The trade was a 11.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Gregoire Maes sold 97,226 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief operating officer owned 779,062 shares in the company, valued at approximately $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 90 days, insiders have sold 217,125 shares of company stock worth $4,139,550. Insiders own 52.10% of the company's stock.

Institutional Trading of CompoSecure

A number of hedge funds have recently added to or reduced their stakes in CMPO. GAMMA Investing LLC raised its stake in shares of CompoSecure by 1,524.4% during the 1st quarter. GAMMA Investing LLC now owns 2,794 shares of the company's stock worth $30,000 after acquiring an additional 2,622 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of 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 acquiring an additional 713 shares in the last quarter. MorganRosel Wealth Management LLC purchased a new position in shares of CompoSecure in the 1st quarter valued at approximately $43,000. Ameritas Investment Partners Inc. raised its position in shares of CompoSecure by 80.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,488 shares of the company's stock valued at $63,000 after purchasing an additional 1,995 shares during the last quarter. Finally, AlphaQuest LLC purchased a new position in shares of CompoSecure in the 1st quarter valued at approximately $72,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

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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