CompoSecure’s (CMPO) Buy Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of CompoSecure (NASDAQ:CMPO) in a report issued on Wednesday, Benzinga reports. The brokerage currently has a $8.00 price target on the stock.

Separately, B. Riley raised their price target on CompoSecure from $14.00 to $17.00 and gave the company a buy rating in a report on Thursday, March 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $11.83.

CompoSecure Trading Up 4.3 %

CMPO opened at $6.98 on Wednesday. The stock has a fifty day simple moving average of $6.13 and a two-hundred day simple moving average of $5.67. The company has a market cap of $562.10 million, a price-to-earnings ratio of 7.67 and a beta of 0.72. CompoSecure has a 12-month low of $4.61 and a 12-month high of $7.56.

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

Institutional Investors Weigh In On CompoSecure

Several institutional investors have recently modified their holdings of CMPO. AE Wealth Management LLC purchased a new stake in shares of CompoSecure during the third quarter valued at $74,000. Impact Partnership Wealth LLC boosted its position in CompoSecure by 20.5% in the third quarter. Impact Partnership Wealth LLC now owns 11,268 shares of the company’s stock worth $73,000 after purchasing an additional 1,916 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in CompoSecure by 67.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 25,430 shares of the company’s stock worth $164,000 after purchasing an additional 10,259 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in CompoSecure in the third quarter worth about $150,000. Finally, Steamboat Capital Partners LLC boosted its position in CompoSecure by 1.9% in the third 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 during the last quarter. 37.56% of the stock is owned by hedge funds and other institutional investors.

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.