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

CompoSecure, Inc. (NASDAQ:CMPO) hit a new 52-week high during trading 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.

Several other research analysts have also commented on CMPO. Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of CompoSecure in a report on Tuesday, May 13th. Wall Street Zen lowered CompoSecure from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.07.

Institutional Trading of CompoSecure

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its position in CompoSecure by 449.5% in the fourth quarter. Bank of America Corp DE now owns 651,211 shares of the company’s stock valued at $9,983,000 after purchasing an additional 532,708 shares during the last quarter. Squarepoint Ops LLC lifted its position in CompoSecure by 29.7% in the fourth quarter. Squarepoint Ops LLC now owns 270,145 shares of the company’s stock valued at $4,141,000 after purchasing an additional 61,928 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in CompoSecure by 82.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 62,563 shares of the company’s stock valued at $684,000 after purchasing an additional 28,281 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in CompoSecure in the first quarter valued at approximately $726,000. Finally, Northern Trust Corp lifted its position in CompoSecure by 14.1% in the fourth quarter. Northern Trust Corp now owns 242,854 shares of the company’s stock valued at $3,723,000 after purchasing an additional 30,086 shares during the last quarter. Institutional investors own 37.56% of the company’s stock.

CompoSecure Stock Up 2.5%

The company has a 50-day simple moving average of $14.38 and a two-hundred day simple moving average of $13.19. The stock has a market cap of $1.84 billion, a P/E ratio of -10.69 and a beta of 0.94.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings data 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 return on equity of 59.26% and a negative net margin of 24.53%. The firm had revenue of $103.90 million during the quarter, compared to the consensus estimate of $103.22 million. As a group, sell-side analysts forecast that CompoSecure, Inc. will post 1.02 earnings per share 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.