CompoSecure (NASDAQ:CMPO) Earns Buy Rating from Benchmark

Benchmark reaffirmed their buy rating on shares of CompoSecure (NASDAQ:CMPO) in a research report sent to investors on Tuesday,Benzinga reports. Benchmark currently has a $17.00 target price on the stock.

A number of other equities analysts also recently weighed in on CMPO. Compass Point increased their price target on shares of CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Bank of America lifted their target price on CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Lake Street Capital upped their price target on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price objective on CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Finally, 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. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, CompoSecure has an average rating of “Moderate Buy” and an average price target of $15.79.

CompoSecure Stock Down 0.9 %

Shares of CompoSecure stock opened at $13.81 on Tuesday. CompoSecure has a fifty-two week low of $4.61 and a fifty-two week high of $16.14. The business’s fifty day moving average is $14.07 and its two-hundred day moving average is $10.09. The firm has a market cap of $1.22 billion, a PE ratio of -31.39, a P/E/G ratio of 1.09 and a beta of 0.76.

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 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 business had revenue of $107.14 million during the quarter, compared to analyst estimates of $105.11 million. During the same period in the previous year, the business posted $0.24 earnings per share. Equities research analysts anticipate that CompoSecure will post 1.02 EPS for the current year.

Insider Activity at CompoSecure

In related news, Director Michele Logan sold 10,017,983 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total transaction of $75,635,771.65. Following the completion of the sale, the director now directly owns 2,043,320 shares of the company’s stock, valued at approximately $15,427,066. This trade represents a 83.06 % 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 the business’s stock in a transaction 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 transaction, the insider now owns 1,292,219 shares in the company, valued at $15,571,238.95. This represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,641,727 shares of company stock worth $80,370,824. 74.99% of the stock is currently owned by company insiders.

Institutional Trading of CompoSecure

Hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC grew its stake in CompoSecure by 205.9% during the 2nd quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after purchasing an additional 2,461 shares in the last quarter. Sandia Investment Management LP purchased a new position in shares of CompoSecure during the 2nd quarter valued at approximately $68,000. nVerses Capital LLC acquired a new stake in shares of CompoSecure during the third quarter worth approximately $72,000. Wolverine Asset Management LLC bought a new stake in shares of CompoSecure in the third quarter worth $74,000. Finally, FMR LLC raised 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 acquiring an additional 5,156 shares in the last quarter. 37.56% of the stock is owned by hedge funds and other institutional investors.

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.