CompoSecure’s (CMPO) “Buy” Rating Reaffirmed at Needham & Company LLC

CompoSecure (NASDAQ:CMPO)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a note issued to investors on Tuesday, Benzinga reports. They presently have a $15.00 price target on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 100.00% from the stock’s current price.

A number of other research analysts have also recently commented on the company. B. Riley lifted their price target on CompoSecure from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Benchmark restated a “buy” rating and set a $8.00 target price on shares of CompoSecure in a report on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, CompoSecure currently has an average rating of “Moderate Buy” and an average price target of $12.17.

CompoSecure Trading Down 0.4 %

Shares of CompoSecure stock opened at $7.50 on Tuesday. The company’s fifty day simple moving average is $6.45 and its two-hundred day simple moving average is $5.71. CompoSecure has a 12-month low of $4.61 and a 12-month high of $8.16. The company has a market cap of $603.98 million, a P/E ratio of 8.24 and a beta of 0.72.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating 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 company had revenue of $99.90 million for the quarter, compared to analysts’ expectations of $95.86 million. Analysts predict that CompoSecure will post 1.09 EPS for the current fiscal year.

Institutional Trading of CompoSecure

Several institutional investors have recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of CompoSecure during the third quarter valued at approximately $150,000. Allspring Global Investments Holdings LLC lifted its position in CompoSecure by 67.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 25,430 shares of the company’s stock valued at $164,000 after acquiring an additional 10,259 shares in the last quarter. Kerrisdale Advisers LLC purchased a new stake in CompoSecure during the 3rd quarter valued at $267,000. GSA Capital Partners LLP increased its holdings in shares of CompoSecure by 87.9% in the 1st quarter. GSA Capital Partners LLP now owns 103,875 shares of the company’s stock worth $751,000 after purchasing an additional 48,586 shares in the last quarter. Finally, B. Riley Asset Management LLC raised its stake in shares of CompoSecure by 264.9% in the third quarter. B. Riley Asset Management LLC now owns 248,927 shares of the company’s stock worth $1,606,000 after purchasing an additional 180,705 shares during 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.