CompoSecure (NASDAQ:CMPO) Given Buy Rating at Benchmark

Benchmark reissued their buy rating on shares of CompoSecure (NASDAQ:CMPO) in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a $17.00 target price on the stock.

Several other equities research analysts have also issued reports on the stock. B. Riley boosted their price target on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday. Needham & Company LLC reissued a “buy” rating and set a $16.00 price target on shares of CompoSecure in a report on Monday. Bank of America raised their price objective on shares of CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Lake Street Capital boosted their target price on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, Compass Point increased their price target on CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a research 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 company’s stock. According to MarketBeat, CompoSecure has an average rating of “Moderate Buy” and a consensus target price of $15.79.

CompoSecure Stock Performance

Shares of CMPO opened at $14.23 on Tuesday. The company has a 50-day simple moving average of $13.92 and a 200-day simple moving average of $9.98. CompoSecure has a 52 week low of $4.61 and a 52 week high of $16.14. The firm has a market capitalization of $1.17 billion, a P/E ratio of -32.34, a P/E/G ratio of 1.03 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $107.14 million during the quarter, compared to analyst estimates of $105.11 million. CompoSecure had a net margin of 6.33% and a negative return on equity of 11.78%. During the same period last year, the company earned $0.24 EPS. As a group, equities analysts forecast that CompoSecure will post 1.04 earnings per share for the current year.

Insider Activity at CompoSecure

In related news, Director Michele Logan sold 10,017,983 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total transaction of $75,635,771.65. Following the completion of the sale, the director now directly owns 2,043,320 shares of the company’s stock, valued at $15,427,066. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, COO Gregoire Maes sold 50,000 shares of CompoSecure stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $11.04, for a total transaction of $552,000.00. Following the completion of the sale, the chief operating officer now directly owns 762,009 shares of the company’s stock, valued at $8,412,579.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michele Logan sold 10,017,983 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $75,635,771.65. Following the completion of the transaction, the director now directly owns 2,043,320 shares in the company, valued at $15,427,066. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,691,727 shares of company stock worth $80,922,824 over the last 90 days. Insiders own 74.99% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

Several institutional investors have recently modified their holdings of the stock. Pacific Ridge Capital Partners LLC bought a new position in CompoSecure during the 1st quarter worth approximately $1,424,000. Boston Partners increased its position in shares of CompoSecure by 40.8% in the 1st quarter. Boston Partners now owns 557,136 shares of the company’s stock valued at $4,028,000 after buying an additional 161,333 shares in the last quarter. Renaissance Technologies LLC grew its stake in CompoSecure by 165.4% in the second quarter. Renaissance Technologies LLC now owns 209,389 shares of the company’s stock valued at $1,424,000 after acquiring an additional 130,489 shares during the period. Bailard Inc. bought a new stake in shares of CompoSecure in the second quarter worth about $259,000. Finally, Rhumbline Advisers raised its position in shares of CompoSecure by 17.3% during the second quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock worth $133,000 after purchasing an additional 2,877 shares during the period. 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.