CompoSecure (NASDAQ:CMPO) Hits New 1-Year High on Analyst Upgrade

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday after Benchmark raised their price target on the stock from $8.00 to $10.00. Benchmark currently has a buy rating on the stock. CompoSecure traded as high as $8.16 and last traded at $8.03, with a volume of 225478 shares traded. The stock had previously closed at $7.25.

A number of other equities analysts have also commented on CMPO. B. Riley boosted their price objective on CompoSecure from $14.00 to $17.00 and gave the stock a "buy" rating in a research note on Thursday, March 7th. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price objective on shares of CompoSecure in a research note on Tuesday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.17.

Institutional Investors Weigh In On CompoSecure

Institutional investors and hedge funds have recently made changes to their positions in the company. Cannell Capital LLC increased its holdings in CompoSecure by 70.0% in the third quarter. Cannell Capital LLC now owns 1,768,921 shares of the company's stock valued at $11,410,000 after purchasing an additional 728,424 shares during the last quarter. Grizzlyrock Capital LLC bought a new stake in CompoSecure in the fourth quarter valued at about $3,223,000. Potomac Capital Management Inc. increased its holdings in CompoSecure by 169.0% in the third quarter. Potomac Capital Management Inc. now owns 440,715 shares of the company's stock valued at $2,843,000 after purchasing an additional 276,890 shares during the last quarter. Wellington Management Group LLP increased its holdings in CompoSecure by 69.2% in the fourth quarter. Wellington Management Group LLP now owns 601,548 shares of the company's stock valued at $3,248,000 after purchasing an additional 246,094 shares during the last quarter. Finally, B. Riley Asset Management LLC increased its holdings in CompoSecure by 264.9% in the third quarter. B. Riley Asset Management LLC now owns 248,927 shares of the company's stock valued at $1,606,000 after purchasing an additional 180,705 shares during the last quarter. Institutional investors own 37.56% of the company's stock.

CompoSecure Stock Up 3.9 %

The business has a fifty day moving average of $6.45 and a 200 day moving average of $5.71. The firm has a market cap of $606.39 million, a P/E ratio of 8.27 and a beta of 0.72.

CompoSecure (NASDAQ:CMPO - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. CompoSecure had a negative return on equity of 10.41% and a net margin of 4.82%. The company had revenue of $99.90 million during the quarter, compared to the consensus estimate of $95.86 million. On average, sell-side analysts expect that CompoSecure, Inc. will post 1.09 EPS for the current fiscal 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.