CompoSecure (NASDAQ:CMPO) Trading Up 7.7% – Here’s Why

CompoSecure, Inc. (NASDAQ:CMPO)’s share price shot up 7.7% during mid-day trading on Wednesday . The company traded as high as $23.25 and last traded at $23.0790. 431,005 shares traded hands during trading, a decline of 63% from the average session volume of 1,149,378 shares. The stock had previously closed at $21.43.

Analyst Upgrades and Downgrades

A number of analysts have commented on CMPO shares. Needham & Company LLC upped their price target on CompoSecure from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. TD Cowen increased their price target on CompoSecure from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Lake Street Capital restated a “buy” rating on shares of CompoSecure in a research report on Wednesday, December 24th. Cowen reiterated a “buy” rating on shares of CompoSecure in a research report on Tuesday, November 4th. Finally, Benchmark boosted their price target on CompoSecure from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $25.50.

CompoSecure Trading Up 8.4%

The stock has a market capitalization of $2.94 billion, a PE ratio of -13.82 and a beta of 0.98. The firm’s 50-day moving average price is $19.90 and its 200-day moving average price is $18.69.

Hedge Funds Weigh In On CompoSecure

Several large investors have recently modified their holdings of CMPO. Thrivent Financial for Lutherans purchased a new stake in shares of CompoSecure in the third quarter valued at $34,367,000. Locust Wood Capital Advisers LLC raised 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 worth $194,499,000 after purchasing an additional 1,183,627 shares during the period. AlTi Global Inc. boosted its position in shares of CompoSecure by 117.0% during the third quarter. AlTi Global Inc. now owns 807,557 shares of the company’s stock valued at $16,813,000 after buying an additional 435,347 shares during the period. Jupiter Asset Management Ltd. boosted its position in shares of CompoSecure by 319.0% during the second quarter. Jupiter Asset Management Ltd. now owns 570,633 shares of the company’s stock valued at $8,040,000 after buying an additional 434,456 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of CompoSecure by 31.3% during the third quarter. Bank of America Corp DE now owns 1,513,218 shares of the company’s stock valued at $31,505,000 after buying an additional 361,025 shares during the last quarter. Institutional investors own 37.56% of the company’s stock.

About CompoSecure

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.