B. Riley Has Negative Outlook of CompoSecure FY2024 Earnings

CompoSecure, Inc. (NASDAQ:CMPO) – Stock analysts at B. Riley reduced their FY2024 earnings per share (EPS) estimates for CompoSecure in a research report issued on Tuesday, February 11th. B. Riley analyst H. Goetsch now forecasts that the company will earn $1.01 per share for the year, down from their previous forecast of $1.03. B. Riley has a “Buy” rating and a $23.00 price objective on the stock. The consensus estimate for CompoSecure’s current full-year earnings is $1.02 per share. B. Riley also issued estimates for CompoSecure’s Q4 2024 earnings at $0.22 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.27 EPS, FY2025 earnings at $1.12 EPS and FY2026 earnings at $1.23 EPS.

Several other research analysts also recently commented on CMPO. TD Cowen started coverage on CompoSecure in a research note on Wednesday, December 18th. They set a “buy” rating and a $20.00 target price for the company. Benchmark reiterated a “buy” rating and set a $17.00 price objective on shares of CompoSecure in a research report on Tuesday, November 12th. JPMorgan Chase & Co. raised their target price on shares of CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $16.00 price target on shares of CompoSecure in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, CompoSecure has an average rating of “Moderate Buy” and an average target price of $16.81.

CompoSecure Stock Up 0.9 %

Shares of CMPO stock opened at $14.84 on Wednesday. The business has a fifty day simple moving average of $15.52 and a 200 day simple moving average of $13.91. The company has a market cap of $1.31 billion, a P/E ratio of -33.73, a P/E/G ratio of 2.51 and a beta of 0.78. CompoSecure has a twelve month low of $4.61 and a twelve month high of $17.03.

Insider Buying and Selling at CompoSecure

In related news, insider Adam Joseph Lowe sold 34,310 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $16.24, for a total value of $557,194.40. Following the sale, the insider now directly owns 1,315,068 shares in the company, valued at $21,356,704.32. This represents a 2.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Gregoire Maes sold 24,323 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $16.25, for a total transaction of $395,248.75. Following the transaction, the chief operating officer now owns 762,009 shares of the company’s stock, valued at approximately $12,382,646.25. The trade was a 3.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 180,660 shares of company stock worth $2,921,066. 74.99% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CompoSecure

Large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in CompoSecure by 1.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,944 shares of the company’s stock worth $574,000 after purchasing an additional 701 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of CompoSecure by 9.3% during the 4th quarter. Principal Financial Group Inc. now owns 11,399 shares of the company’s stock worth $175,000 after buying an additional 967 shares during the period. CWM LLC increased its stake in shares of CompoSecure by 42.0% in the 3rd quarter. CWM LLC now owns 5,192 shares of the company’s stock valued at $73,000 after acquiring an additional 1,536 shares in the last quarter. Bard Associates Inc. lifted its position in shares of CompoSecure by 0.6% during the 3rd quarter. Bard Associates Inc. now owns 305,247 shares of the company’s stock valued at $4,280,000 after acquiring an additional 1,957 shares during the period. Finally, Rowlandmiller & PARTNERS.ADV boosted its stake in CompoSecure by 25.4% during the fourth quarter. Rowlandmiller & PARTNERS.ADV now owns 13,325 shares of the company’s stock worth $204,000 after acquiring an additional 2,700 shares in the last quarter. 37.56% of the stock is currently owned by institutional investors and hedge funds.

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.