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

CompoSecure, Inc. (NASDAQ:CMPO) shares reached a new 52-week high 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.

Other equities research analysts also recently issued research reports about the company. B. Riley boosted their price objective on CompoSecure from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of CompoSecure in a research note on Tuesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CMPO. Steamboat Capital Partners LLC lifted its holdings in shares of CompoSecure by 1.9% during the third quarter. Steamboat Capital Partners LLC now owns 2,451,883 shares of the company’s stock worth $15,815,000 after purchasing an additional 45,501 shares during the period. Cannell Capital LLC raised its position in CompoSecure by 70.0% in the third quarter. Cannell Capital LLC now owns 1,768,921 shares of the company’s stock worth $11,410,000 after acquiring an additional 728,424 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of CompoSecure by 69.2% during the 4th quarter. Wellington Management Group LLP now owns 601,548 shares of the company’s stock worth $3,248,000 after purchasing an additional 246,094 shares in the last quarter. Grizzlyrock Capital LLC purchased a new position in shares of CompoSecure in the 4th quarter valued at about $3,223,000. Finally, Potomac Capital Management Inc. lifted its stake in shares of 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 period. 37.56% of the stock is owned by hedge funds and other institutional investors.

CompoSecure Price Performance

The firm’s 50-day simple moving average is $6.45 and its two-hundred day simple moving average is $5.71. The company has a market capitalization of $606.39 million, a price-to-earnings ratio of 8.27 and a beta of 0.72.

CompoSecure (NASDAQ:CMPO) last posted its earnings results on Wednesday, March 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $99.90 million during the quarter, compared to the consensus estimate of $95.86 million. CompoSecure had a net margin of 4.82% and a negative return on equity of 10.41%. On average, 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.