CompoSecure (NASDAQ:CMPO) Earns “Buy” Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of CompoSecure (NASDAQ:CMPO) in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $15.00 price objective on the stock.

A number of other brokerages have also weighed in on CMPO. JPMorgan Chase & Co. lowered their price objective on shares of CompoSecure from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Lake Street Capital lowered their price objective on shares of CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.19.

CompoSecure Price Performance

Shares of CompoSecure stock opened at $12.28 on Tuesday. CompoSecure has a 1 year low of $5.98 and a 1 year high of $17.71. The firm has a market cap of $1.26 billion, a PE ratio of -27.91, a PEG ratio of 2.63 and a beta of 0.87. The company has a 50 day simple moving average of $10.89 and a two-hundred day simple moving average of $13.77.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. The firm had revenue of $103.90 million during the quarter, compared to analyst estimates of $103.22 million. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. As a group, research analysts anticipate that CompoSecure will post 1.02 earnings per share for the current year.

Insider Activity at CompoSecure

In other news, Director Resolute Compo Holdings Llc purchased 233,070 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was bought at an average cost of $16.57 per share, for a total transaction of $3,861,969.90. Following the acquisition, the director now directly owns 879,963 shares of the company’s stock, valued at $14,580,986.91. This represents a 36.03% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Amanda Mandy Gourbault sold 9,622 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $16.09, for a total transaction of $154,817.98. Following the sale, the executive now owns 821,782 shares of the company’s stock, valued at $13,222,472.38. This represents a 1.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 483,235 shares of company stock worth $7,609,920 and sold 34,340 shares worth $430,701. 74.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its position in CompoSecure by 9.3% during the 4th quarter. Principal Financial Group Inc. now owns 11,399 shares of the company’s stock valued at $175,000 after purchasing an additional 967 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in CompoSecure by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,339 shares of the company’s stock valued at $123,000 after purchasing an additional 1,138 shares during the period. Pacific Ridge Capital Partners LLC increased its position in CompoSecure by 2.6% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 57,015 shares of the company’s stock valued at $620,000 after purchasing an additional 1,440 shares during the period. Delta Financial Group Inc. increased its position in CompoSecure by 11.6% during the 1st quarter. Delta Financial Group Inc. now owns 14,400 shares of the company’s stock valued at $166,000 after purchasing an additional 1,500 shares during the period. Finally, OneDigital Investment Advisors LLC increased its position in CompoSecure by 4.6% during the 1st quarter. OneDigital Investment Advisors LLC now owns 47,566 shares of the company’s stock valued at $517,000 after purchasing an additional 2,109 shares during the period. 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.