Shares of CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $17.13 and last traded at $17.09, with a volume of 1555935 shares changing hands. The stock had previously closed at $15.64.
Several equities analysts have commented on CMPO shares. Benchmark reissued a "buy" rating and set a $17.00 target price on shares of CompoSecure in a research report on Tuesday, November 12th. TD Cowen started coverage on CompoSecure in a report on Wednesday, December 18th. They set a "buy" rating and a $20.00 price objective on the stock. B. Riley raised their price objective on CompoSecure from $18.00 to $23.00 and gave the company a "buy" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upped their target price on CompoSecure from $12.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, December 2nd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $16.00 price target on shares of CompoSecure in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, CompoSecure currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.81.
View Our Latest Stock Analysis on CMPO
The firm has a 50-day moving average price of $15.47 and a two-hundred day moving average price of $14.23.
In other news, COO Gregoire Maes sold 24,323 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $16.25, for a total transaction of $395,248.75. Following the sale, the chief operating officer now owns 762,009 shares in the company, valued at approximately $12,382,646.25. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Resolute Compo Holdings Llc bought 205,120 shares of the stock in a transaction dated Friday, February 14th. The stock was acquired at an average price of $15.83 per share, with a total value of $3,247,049.60. Following the completion of the purchase, the director now owns 646,893 shares of the company's stock, valued at $10,240,316.19. This represents a 46.43 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 180,660 shares of company stock valued at $2,921,066. 74.99% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. CWM LLC increased its holdings in shares of CompoSecure by 42.0% in the third quarter. CWM LLC now owns 5,192 shares of the company's stock valued at $73,000 after purchasing an additional 1,536 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of CompoSecure in the 3rd quarter valued at $72,000. Rowlandmiller & PARTNERS.ADV bought a new position in CompoSecure in the third quarter valued at about $149,000. Wealth Enhancement Advisory Services LLC increased its position in CompoSecure by 1.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,944 shares of the company's stock worth $574,000 after purchasing an additional 701 shares during the period. Finally, Rice Hall James & Associates LLC bought a new stake in CompoSecure during the 3rd quarter worth about $3,766,000. Institutional investors own 37.56% of the company's stock.
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.
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