CompoSecure, Inc. (NASDAQ:CMPO) Given Average Recommendation of “Moderate Buy” by Brokerages

CompoSecure, Inc. (NASDAQ:CMPO) has been given a consensus rating of “Moderate Buy” by the eight analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $16.81.

A number of equities research analysts have weighed in on CMPO shares. Lake Street Capital lifted their target price on CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. upped their price objective on shares of CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Needham & Company LLC reissued a “buy” rating and set a $16.00 target price on shares of CompoSecure in a research report on Monday, November 11th. Benchmark reaffirmed a “buy” rating and issued a $17.00 price target on shares of CompoSecure in a research report on Tuesday, November 12th. Finally, B. Riley increased their price objective on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 11th.

Insider Buying and Selling

In other CompoSecure news, insider Adam Joseph Lowe sold 34,310 shares of CompoSecure stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.24, for a total value of $557,194.40. Following the transaction, the insider now directly owns 1,315,068 shares of the company’s stock, valued at approximately $21,356,704.32. The trade was a 2.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Gregoire Maes sold 24,323 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $16.25, for a total value of $395,248.75. Following the sale, the chief operating officer now owns 762,009 shares of the company’s stock, valued at approximately $12,382,646.25. This represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 180,660 shares of company stock worth $2,921,066 in the last 90 days. 74.99% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CompoSecure

Large investors have recently modified their holdings of the business. CWM LLC boosted its stake in CompoSecure by 205.9% in the 2nd quarter. CWM LLC now owns 3,656 shares of the company’s stock worth $25,000 after purchasing an additional 2,461 shares in the last quarter. Bailard Inc. purchased a new stake in shares of CompoSecure during the second quarter valued at $259,000. Bank of New York Mellon Corp increased its position in shares of CompoSecure by 16.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 50,031 shares of the company’s stock valued at $340,000 after acquiring an additional 6,891 shares during the period. Ritholtz Wealth Management purchased a new position in CompoSecure in the 2nd quarter worth $84,000. Finally, Rhumbline Advisers lifted its position in CompoSecure by 17.3% during the 2nd quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock worth $133,000 after acquiring an additional 2,877 shares during the period. Hedge funds and other institutional investors own 37.56% of the company’s stock.

CompoSecure Trading Up 0.6 %

Shares of CMPO opened at $15.92 on Thursday. The firm has a market capitalization of $1.40 billion, a P/E ratio of -36.18, a P/E/G ratio of 2.65 and a beta of 0.76. CompoSecure has a 12-month low of $4.61 and a 12-month high of $17.03. The firm has a fifty day moving average price of $15.49 and a 200-day moving average price of $11.97.

CompoSecure (NASDAQ:CMPO) last issued its earnings results on Friday, November 8th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. The company had revenue of $107.14 million during the quarter, compared to the consensus estimate of $105.11 million. During the same quarter in the prior year, the company earned $0.24 earnings per share. Analysts predict that CompoSecure will post 1.02 earnings per share for the current year.

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.