CompoSecure (NASDAQ:CMPO) Sets New 52-Week High After Analyst Upgrade

Key Points

• CompoSecure shares reached a new 52-week high of $18.00 following an analyst upgrade from Benchmark, which raised their price target from $14.00 to $17.00, maintaining a buy rating on the stock.
• Despite the positive outlook from Benchmark, Wall Street Zen downgraded CompoSecure from a buy to a hold rating, indicating mixed sentiments among analysts with a consensus price target of $17.07.
• CompoSecure reported earnings of $0.25 per share for the latest quarter, surpassing estimates, but continues to face negative margins and a significant negative return on equity.

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) shares hit a new 52-week high on Monday after Benchmark raised their price target on the stock from $14.00 to $17.00. Benchmark currently has a buy rating on the stock. CompoSecure traded as high as $18.00 and last traded at $17.77, with a volume of 140372 shares traded. The stock had previously closed at $17.53.

A number of other brokerages have also recently weighed in on CMPO. Wall Street Zen cut CompoSecure from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Needham & Company LLC reissued a "buy" rating and set a $15.00 price target on shares of CompoSecure in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.07.

Institutional Trading of CompoSecure

Several hedge funds and other institutional investors have recently modified their holdings of CMPO. GAMMA Investing LLC boosted its position in 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 buying an additional 2,622 shares during the period. MorganRosel Wealth Management LLC purchased a new stake in shares of CompoSecure in the first quarter worth $43,000. AlphaQuest LLC bought a new stake in CompoSecure during the first quarter valued at approximately $72,000. Summit Securities Group LLC purchased a new position in CompoSecure in the 1st quarter worth $107,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in CompoSecure by 71.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,547 shares of the company's stock worth $115,000 after purchasing an additional 4,384 shares in the last quarter. Institutional investors and hedge funds own 37.56% of the company's stock.

CompoSecure Trading Up 1.2%

The stock has a market cap of $1.82 billion, a P/E ratio of -10.55 and a beta of 0.94. The business's 50 day moving average price is $14.29 and its two-hundred day moving average price is $13.18.

CompoSecure (NASDAQ:CMPO - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.06. CompoSecure had a negative net margin of 24.53% and a negative return on equity of 59.26%. The business had revenue of $103.90 million for the quarter, compared to the consensus estimate of $103.22 million. As a group, analysts expect that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

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.

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