CompoSecure (NASDAQ:CMPO) Earns Buy Rating from Benchmark

CompoSecure (NASDAQ:CMPO)‘s stock had its “buy” rating reaffirmed by Benchmark in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $17.00 price target on the stock. Benchmark’s target price suggests a potential upside of 20.31% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Compass Point increased their target price 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 raised their price objective on CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, August 8th. B. Riley upped their target price on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price target on shares of CompoSecure in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their price target on shares of CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.79.

CompoSecure Trading Up 1.4 %

CompoSecure stock opened at $14.13 on Tuesday. The firm has a market cap of $1.17 billion, a PE ratio of -32.11, a P/E/G ratio of 1.03 and a beta of 0.76. CompoSecure has a 12 month low of $4.61 and a 12 month high of $16.14. The stock’s 50 day simple moving average is $13.92 and its two-hundred day simple moving average is $9.98.

CompoSecure (NASDAQ:CMPO) last announced 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). The firm had revenue of $107.14 million for the quarter, compared to analysts’ expectations of $105.11 million. CompoSecure had a negative return on equity of 11.78% and a net margin of 6.33%. During the same period last year, the company posted $0.24 earnings per share. On average, equities research analysts forecast that CompoSecure will post 1.04 EPS for the current year.

Insider Transactions at CompoSecure

In other CompoSecure news, insider Adam Joseph Lowe sold 45,000 shares of CompoSecure stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $11.06, for a total transaction of $497,700.00. Following the sale, the insider now owns 1,292,219 shares of the company’s stock, valued at $14,291,942.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Michele Logan sold 10,017,983 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $75,635,771.65. Following the completion of the sale, the director now owns 2,043,320 shares of the company’s stock, valued at approximately $15,427,066. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Joseph Lowe sold 45,000 shares of CompoSecure stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $11.06, for a total value of $497,700.00. Following the transaction, the insider now owns 1,292,219 shares in the company, valued at approximately $14,291,942.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,867,586 shares of company stock valued at $82,870,442 over the last ninety days. Insiders own 74.99% of the company’s stock.

Institutional Trading of CompoSecure

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC boosted its holdings in CompoSecure by 205.9% in 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 during the last quarter. Sandia Investment Management LP acquired a new stake in CompoSecure during the second quarter worth $68,000. nVerses Capital LLC purchased a new stake in CompoSecure in the third quarter valued at $72,000. Wolverine Asset Management LLC acquired a new position in shares of CompoSecure in the 3rd quarter valued at $74,000. Finally, Ritholtz Wealth Management acquired a new stake in shares of CompoSecure during the 2nd quarter worth about $84,000. 37.56% of the stock is owned by institutional investors and hedge funds.

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.