Analysts Set CompoSecure, Inc. (NASDAQ:CMPO) PT at $11.83

Shares of CompoSecure, Inc. (NASDAQ:CMPO) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $11.83.

A number of equities analysts have weighed in on the company. Benchmark boosted their price objective on CompoSecure from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. JPMorgan Chase & Co. downgraded CompoSecure from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $7.00 to $6.00 in a report on Monday, December 18th. Finally, B. Riley upped their price target on CompoSecure from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, March 7th.

CompoSecure Trading Down 2.3 %

Shares of CMPO stock opened at $6.87 on Wednesday. The stock has a 50 day moving average of $5.65 and a 200 day moving average of $5.63. The stock has a market cap of $553.24 million, a P/E ratio of 7.55 and a beta of 0.72. CompoSecure has a twelve month low of $4.61 and a twelve month high of $7.90.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The business had revenue of $99.90 million during the quarter, compared to analysts’ expectations of $95.86 million. CompoSecure had a negative return on equity of 10.41% and a net margin of 4.82%. On average, research analysts predict that CompoSecure will post 1.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP acquired a new stake in shares of CompoSecure in the 2nd quarter valued at about $28,000. Royal Bank of Canada raised its stake in shares of CompoSecure by 120.6% during the 1st quarter. Royal Bank of Canada now owns 4,854 shares of the company’s stock worth $37,000 after buying an additional 2,654 shares in the last quarter. Citigroup Inc. purchased a new position in shares of CompoSecure during the 2nd quarter worth approximately $34,000. Deutsche Bank AG raised its stake in shares of CompoSecure by 53.9% during the 1st quarter. Deutsche Bank AG now owns 4,952 shares of the company’s stock worth $36,000 after buying an additional 1,735 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of CompoSecure during the 1st quarter worth approximately $38,000. 37.56% of the stock is owned by institutional investors and hedge funds.

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.