CompoSecure (NASDAQ:CMPO) Given New $23.00 Price Target at B. Riley

CompoSecure (NASDAQ:CMPO) had its price target lifted by analysts at B. Riley from $18.00 to $23.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s price objective indicates a potential upside of 61.63% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Compass Point lifted their price target on shares of CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Lake Street Capital increased their price target on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Benchmark upped their target price on CompoSecure from $12.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Bank of America lifted their price target on shares of CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price target on shares of CompoSecure in a research report on Monday. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $15.79.

CompoSecure Trading Up 0.7 %

CMPO stock opened at $14.23 on Monday. The firm has a market cap of $1.17 billion, a PE ratio of -32.11, a price-to-earnings-growth ratio of 1.03 and a beta of 0.76. The stock has a 50-day moving average price of $13.92 and a 200-day moving average price of $9.98. CompoSecure has a 1-year low of $4.61 and a 1-year high of $16.14.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business had revenue of $107.14 million during the quarter, compared to analyst estimates of $105.11 million. CompoSecure had a net margin of 6.33% and a negative return on equity of 11.78%. During the same period last year, the firm posted $0.24 earnings per share. On average, analysts forecast that CompoSecure will post 1.04 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Adam Joseph Lowe sold 5,730 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $12.05, for a total transaction of $69,046.50. Following the completion of the sale, the insider now directly owns 1,292,219 shares of the company’s stock, valued at approximately $15,571,238.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO Gregoire Maes sold 50,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $11.04, for a total transaction of $552,000.00. Following the completion of the transaction, the chief operating officer now owns 762,009 shares in the company, valued at approximately $8,412,579.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Joseph Lowe sold 5,730 shares of CompoSecure stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $12.05, for a total transaction of $69,046.50. Following the completion of the sale, the insider now directly owns 1,292,219 shares in the company, valued at approximately $15,571,238.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,691,727 shares of company stock valued at $80,922,824 in the last 90 days. 74.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CompoSecure

Several large investors have recently modified their holdings of the stock. CWM LLC grew its holdings in CompoSecure by 205.9% during the second quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after purchasing an additional 2,461 shares during the period. Sandia Investment Management LP bought a new position in shares of CompoSecure during the 2nd quarter worth $68,000. nVerses Capital LLC purchased a new stake in CompoSecure in the 3rd quarter worth about $72,000. Wolverine Asset Management LLC bought a new stake in CompoSecure in the 3rd quarter valued at about $74,000. Finally, Ritholtz Wealth Management bought a new position in CompoSecure during the second quarter worth about $84,000. Hedge funds and other institutional investors own 37.56% of the company’s stock.

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.