CompoSecure (NASDAQ:CMPO) Price Target Increased to $10.00 by Analysts at Benchmark

CompoSecure (NASDAQ:CMPO) had its price objective lifted by Benchmark from $8.00 to $10.00 in a report published on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts have also issued research reports about the stock. Needham & Company LLC reiterated a buy rating and set a $15.00 price target on shares of CompoSecure in a research report on Tuesday. B. Riley lifted their price target on CompoSecure from $14.00 to $17.00 and gave the company a buy rating in a research note on Thursday, March 7th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CompoSecure has an average rating of Moderate Buy and a consensus target price of $12.17.

CompoSecure Stock Performance

NASDAQ:CMPO opened at $7.53 on Tuesday. The company has a market cap of $606.39 million, a price-to-earnings ratio of 8.27 and a beta of 0.72. CompoSecure has a fifty-two week low of $4.61 and a fifty-two week high of $8.16. The stock has a fifty day moving average price of $6.45 and a 200-day moving average price of $5.71.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04. CompoSecure had a net margin of 4.82% and a negative return on equity of 10.41%. The business had revenue of $99.90 million during the quarter, compared to analysts’ expectations of $95.86 million. Research analysts predict that CompoSecure will post 1.09 EPS for the current fiscal year.

Institutional Trading of CompoSecure

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of CompoSecure by 67.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 25,430 shares of the company’s stock worth $164,000 after buying an additional 10,259 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in CompoSecure during the 3rd quarter worth $150,000. Kerrisdale Advisers LLC bought a new stake in CompoSecure during the 3rd quarter worth $267,000. Steamboat Capital Partners LLC increased its holdings in CompoSecure by 1.9% in the 3rd quarter. Steamboat Capital Partners LLC now owns 2,451,883 shares of the company’s stock worth $15,815,000 after purchasing an additional 45,501 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in CompoSecure by 87.9% in the first quarter. GSA Capital Partners LLP now owns 103,875 shares of the company’s stock valued at $751,000 after purchasing an additional 48,586 shares during the last quarter. 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.