CompoSecure, Inc. (NASDAQ:CMPO) Receives $16.81 Average Target Price from Brokerages

Shares of CompoSecure, Inc. (NASDAQ:CMPO) have earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $16.81.

A number of brokerages have recently weighed in on CMPO. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price target on shares of CompoSecure in a research note on Monday, November 11th. Lake Street Capital increased their price target on CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their price objective on CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. B. Riley raised their target price on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, TD Cowen started coverage on shares of CompoSecure in a research report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price target on the stock.

Insiders Place Their Bets

In other news, insider Adam Joseph Lowe sold 66,350 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $15.91, for a total transaction of $1,055,628.50. Following the sale, the insider now owns 1,358,692 shares in the company, valued at $21,616,789.72. The trade was a 4.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Gregoire Maes sold 24,323 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $16.25, for a total transaction of $395,248.75. Following the completion of the sale, the chief operating officer now owns 762,009 shares of the company’s stock, valued at approximately $12,382,646.25. This trade represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 180,660 shares of company stock worth $2,921,066. Company insiders own 74.99% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Clear Harbor Asset Management LLC purchased a new position in CompoSecure during the 4th quarter valued at about $162,000. Solidarity Wealth LLC purchased a new position in CompoSecure during the fourth quarter valued at approximately $2,152,000. Ritholtz Wealth Management increased its stake in CompoSecure by 14.2% in the 4th quarter. Ritholtz Wealth Management now owns 48,976 shares of the company’s stock valued at $751,000 after buying an additional 6,104 shares during the period. JPMorgan Chase & Co. lifted its position in CompoSecure by 555.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company’s stock worth $728,000 after buying an additional 44,018 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of CompoSecure during the 3rd quarter valued at $146,000. 37.56% of the stock is owned by institutional investors and hedge funds.

CompoSecure Price Performance

Shares of CMPO stock opened at $14.76 on Monday. CompoSecure has a 12-month low of $4.61 and a 12-month high of $17.03. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -33.55, a price-to-earnings-growth ratio of 2.19 and a beta of 0.77. The business has a 50 day simple moving average of $15.39 and a 200 day simple moving average of $12.88.

CompoSecure (NASDAQ:CMPO) last issued its quarterly 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). The business had revenue of $107.14 million for the quarter, compared to analyst estimates 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 last year, the business posted $0.24 earnings per share. On average, equities analysts anticipate that CompoSecure will post 1.02 EPS for the current fiscal year.

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.