CompoSecure (NASDAQ:CMPO) Trading 3.6% Higher - Here's What Happened

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report)'s stock price shot up 3.6% during trading on Thursday . The stock traded as high as $14.34 and last traded at $14.25. 313,884 shares traded hands during trading, a decline of 64% from the average session volume of 881,493 shares. The stock had previously closed at $13.75.

Wall Street Analyst Weigh In

Several research firms recently commented on CMPO. JPMorgan Chase & Co. cut their target price on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Wall Street Zen downgraded shares of CompoSecure from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Needham & Company LLC reissued a "buy" rating and set a $15.00 target price on shares of CompoSecure in a research report on Tuesday, May 13th. Finally, Lake Street Capital decreased their target price on shares of CompoSecure from $18.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $16.19.

CompoSecure Stock Down 3.7%

The stock has a market cap of $1.40 billion, a P/E ratio of -31.05, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95. The business's 50-day simple moving average is $12.02 and its two-hundred day simple moving average is $13.50.

CompoSecure (NASDAQ:CMPO - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.06. The company had revenue of $103.90 million during the quarter, compared to analyst estimates of $103.22 million. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. Analysts anticipate that CompoSecure, Inc. will post 1.02 earnings per share for the current fiscal year.

Insider Activity at CompoSecure

In other CompoSecure news, Director Joseph J. Deangelo purchased 45,045 shares of the firm's stock in a transaction on Monday, March 17th. The shares were purchased at an average cost of $11.12 per share, with a total value of $500,900.40. Following the completion of the purchase, the director now owns 45,045 shares of the company's stock, valued at $500,900.40. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Adam Joseph Lowe sold 5,000 shares of CompoSecure stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.01, for a total transaction of $55,050.00. Following the transaction, the insider now directly owns 1,481,036 shares in the company, valued at $16,306,206.36. This trade represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. 52.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CMPO. GAMMA Investing LLC grew its holdings in shares of CompoSecure by 1,524.4% in the first quarter. GAMMA Investing LLC now owns 2,794 shares of the company's stock worth $30,000 after purchasing an additional 2,622 shares during the last quarter. MorganRosel Wealth Management LLC bought a new position in CompoSecure in the 1st quarter worth about $43,000. AlphaQuest LLC bought a new position in CompoSecure in the 1st quarter worth about $72,000. KLP Kapitalforvaltning AS purchased a new position in CompoSecure in the 4th quarter worth about $75,000. Finally, Summit Securities Group LLC purchased a new position in CompoSecure in the 1st quarter worth about $107,000. Institutional investors own 37.56% of the company's stock.

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.