CompoSecure (NASDAQ:CMPO) Stock Price Up 8.9% – Here’s Why

CompoSecure, Inc. (NASDAQ:CMPO) shares rose 8.9% during mid-day trading on Thursday . The company traded as high as $21.36 and last traded at $21.40. Approximately 1,357,719 shares traded hands during trading, an increase of 44% from the average daily volume of 945,660 shares. The stock had previously closed at $19.66.

Wall Street Analysts Forecast Growth

CMPO has been the topic of several recent analyst reports. TD Cowen increased their price objective on CompoSecure from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Benchmark increased their price target on CompoSecure from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. restated a “buy” rating on shares of CompoSecure in a research note on Thursday. Needham & Company LLC lifted their price objective on CompoSecure from $22.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Cowen reiterated a “buy” rating on shares of CompoSecure in a report on Tuesday, November 4th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, CompoSecure currently has a consensus rating of “Buy” and a consensus target price of $25.50.

CompoSecure Price Performance

The firm has a market capitalization of $2.80 billion, a P/E ratio of -13.20 and a beta of 0.98. The stock’s fifty day simple moving average is $19.89 and its 200 day simple moving average is $18.53.

Institutional Investors Weigh In On CompoSecure

Several institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in CompoSecure by 277.5% in the fourth quarter. SG Americas Securities LLC now owns 132,455 shares of the company’s stock worth $2,554,000 after purchasing an additional 97,366 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of CompoSecure by 96.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 574,171 shares of the company’s stock worth $11,954,000 after purchasing an additional 281,488 shares in the last quarter. Cambria Investment Management L.P. boosted its position in shares of CompoSecure by 25.0% in the 3rd quarter. Cambria Investment Management L.P. now owns 39,623 shares of the company’s stock worth $825,000 after purchasing an additional 7,920 shares in the last quarter. Caxton Associates LLP grew its stake in CompoSecure by 19.3% during the 3rd quarter. Caxton Associates LLP now owns 137,232 shares of the company’s stock worth $2,857,000 after buying an additional 22,224 shares during the last quarter. Finally, Voleon Capital Management LP acquired a new position in CompoSecure during the 3rd quarter valued at about $653,000. 37.56% of the stock is currently owned by institutional investors and hedge funds.

CompoSecure Company Profile

CompoSecure is a global provider of secure card and credential solutions, specializing in the design, manufacturing and personalization of payment cards, identification credentials and related services. The company develops a range of card products that include metal cards, composite cards and hybrid designs integrating advanced security features such as EMV chip technology, contactless interfaces and specialized surface treatments. CompoSecure’s offerings are tailored to the needs of banks, credit unions, fintech firms and government agencies seeking to differentiate their cards and enhance consumer engagement.

The company’s product portfolio extends beyond physical cards to encompass digital issuance and lifecycle management solutions.