B. Riley Has Pessimistic View of CompoSecure FY2024 Earnings

CompoSecure, Inc. (NASDAQ:CMPO) – Equities research analysts at B. Riley lowered their FY2024 earnings per share (EPS) estimates for shares of CompoSecure in a research note issued to investors on Monday, November 11th. B. Riley analyst H. Goetsch now anticipates that the company will post earnings per share of $1.03 for the year, down from their prior forecast of $1.09. B. Riley has a “Buy” rating and a $23.00 price objective on the stock. The consensus estimate for CompoSecure’s current full-year earnings is $1.02 per share. B. Riley also issued estimates for CompoSecure’s Q4 2024 earnings at $0.24 EPS and FY2025 earnings at $1.08 EPS.

CMPO has been the subject of several other research reports. JPMorgan Chase & Co. raised their target price on shares of CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Compass Point raised their price objective on shares of CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Needham & Company LLC reiterated a “buy” rating and set a $16.00 target price on shares of CompoSecure in a research report on Monday. Benchmark reissued a “buy” rating and set a $17.00 target price on shares of CompoSecure in a research note on Tuesday. Finally, Lake Street Capital raised their target price on CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.79.

CompoSecure Price Performance

CompoSecure stock opened at $13.94 on Wednesday. The business has a 50 day simple moving average of $14.02 and a 200-day simple moving average of $10.06. CompoSecure has a 12 month low of $4.61 and a 12 month high of $16.14. The stock has a market capitalization of $1.23 billion, a PE ratio of -31.09, a price-to-earnings-growth ratio of 1.13 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The company had revenue of $107.14 million for the quarter, compared to analysts’ expectations of $105.11 million. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. During the same period in the prior year, the company earned $0.24 earnings per share.

Insider Buying and Selling

In other CompoSecure news, CEO Jonathan Wilk sold 618,014 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $4,666,005.70. Following the transaction, the chief executive officer now directly owns 618,013 shares in the company, valued at approximately $4,665,998.15. This represents a 50.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 sale, the insider now owns 1,292,219 shares of the company’s stock, valued at approximately $15,571,238.95. This trade represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,641,727 shares of company stock valued at $80,370,824. 74.99% of the stock is owned by insiders.

Institutional Investors Weigh In On CompoSecure

Hedge funds have recently made changes to their positions in the business. CWM LLC lifted its position in CompoSecure by 205.9% during the second quarter. CWM LLC now owns 3,656 shares of the company’s stock worth $25,000 after buying an additional 2,461 shares during the period. nVerses Capital LLC purchased a new position in shares of CompoSecure during the 3rd quarter worth about $72,000. Wolverine Asset Management LLC acquired a new stake in shares of CompoSecure in the third quarter worth approximately $74,000. FMR LLC grew its holdings in CompoSecure by 693.0% in the third quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after purchasing an additional 5,156 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in CompoSecure during the third quarter worth approximately $140,000. Institutional investors and hedge funds own 37.56% of the company’s stock.

CompoSecure Company Profile

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.