CompoSecure (NASDAQ:CMPO) Shares Up 6.9% on Analyst Upgrade

CompoSecure, Inc. (NASDAQ:CMPO) was up 6.9% on Tuesday after Benchmark raised their price target on the stock from $24.00 to $32.00. Benchmark currently has a buy rating on the stock. CompoSecure traded as high as $21.86 and last traded at $21.9570. Approximately 710,911 shares were traded during trading, a decline of 24% from the average daily volume of 931,276 shares. The stock had previously closed at $20.54.

Other equities research analysts also recently issued research reports about the company. Needham & Company LLC increased their price target on CompoSecure from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $16.00 price target on shares of CompoSecure in a research note on Wednesday, August 20th. Finally, B. Riley reiterated a “buy” rating and issued a $23.00 price target (up from $17.00) on shares of CompoSecure in a research note on Monday, August 18th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

Insider Buying and Selling

In related news, Director Rebecca Corbin Loree acquired 5,240 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The stock was acquired at an average cost of $19.09 per share, for a total transaction of $100,031.60. Following the completion of the acquisition, the director directly owned 5,240 shares of the company’s stock, valued at approximately $100,031.60. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Timothy Walter Fitzsimmons sold 100,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $18.74, for a total value of $1,874,000.00. Following the completion of the sale, the chief financial officer owned 759,789 shares of the company’s stock, valued at $14,238,445.86. The trade was a 11.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 217,125 shares of company stock valued at $4,139,550. Company insiders own 52.10% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

Several large investors have recently added to or reduced their stakes in the business. Locust Wood Capital Advisers LLC lifted its position in CompoSecure by 14.5% in the 3rd quarter. Locust Wood Capital Advisers LLC now owns 9,341,954 shares of the company’s stock valued at $194,499,000 after acquiring an additional 1,183,627 shares in the last quarter. Vanguard Group Inc. lifted its position in CompoSecure by 65.7% in the 1st quarter. Vanguard Group Inc. now owns 2,337,323 shares of the company’s stock valued at $25,407,000 after acquiring an additional 926,389 shares in the last quarter. Corsair Capital Management L.P. bought a new position in shares of CompoSecure during the 1st quarter worth approximately $19,901,000. Thrivent Financial for Lutherans bought a new position in shares of CompoSecure during the 3rd quarter worth approximately $34,367,000. Finally, Zuckerman Investment Group LLC lifted its position in shares of CompoSecure by 4.7% during the 2nd quarter. Zuckerman Investment Group LLC now owns 1,622,542 shares of the company’s stock worth $22,862,000 after buying an additional 72,910 shares in the last quarter. Institutional investors own 37.56% of the company’s stock.

CompoSecure Stock Performance

The company’s 50 day moving average price is $19.86 and its 200-day moving average price is $16.10. The company has a market cap of $2.26 billion, a PE ratio of -13.22 and a beta of 0.97.

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.