CompoSecure (NASDAQ:CMPO) Now Covered by Analysts at TD Cowen

TD Cowen assumed coverage on shares of CompoSecure (NASDAQ:CMPO) in a research note released on Wednesday, Marketbeat reports. The firm issued a buy rating and a $20.00 target price on the stock.

A number of other analysts also recently commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $16.00 price objective on shares of CompoSecure in a report on Monday, November 11th. Compass Point upped their price target on CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. raised their price objective on CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. B. Riley boosted their target price on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Benchmark restated a “buy” rating and issued a $17.00 price target on shares of CompoSecure in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.81.

CompoSecure Stock Up 1.3 %

NASDAQ:CMPO traded up $0.21 during midday trading on Wednesday, reaching $15.89. The stock had a trading volume of 89,852 shares, compared to its average volume of 545,666. The stock has a market cap of $1.40 billion, a P/E ratio of -36.11, a P/E/G ratio of 2.65 and a beta of 0.76. The firm has a fifty day simple moving average of $15.36 and a two-hundred day simple moving average of $11.64. CompoSecure has a 12-month low of $4.61 and a 12-month high of $17.03.

CompoSecure (NASDAQ:CMPO) last issued its 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 business 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 14.87% and a negative net margin of 5.63%. During the same period last year, the company posted $0.24 earnings per share. On average, sell-side analysts anticipate that CompoSecure will post 1.02 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Gregoire Maes sold 24,323 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $16.25, for a total value of $395,248.75. Following the completion of the transaction, the chief operating officer now owns 762,009 shares of the company’s stock, valued at $12,382,646.25. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Adam Joseph Lowe sold 66,350 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $15.91, for a total value of $1,055,628.50. Following the completion of the transaction, the insider now owns 1,358,692 shares of the company’s stock, valued at $21,616,789.72. This trade represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 180,660 shares of company stock worth $2,921,066 over the last three months. 74.99% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CompoSecure

A number of hedge funds have recently made changes to their positions in the stock. Pacific Ridge Capital Partners LLC lifted its stake in shares of CompoSecure by 146.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock valued at $3,308,000 after purchasing an additional 289,451 shares in the last quarter. Verition Fund Management LLC acquired a new position in CompoSecure during the third quarter valued at approximately $798,000. Renaissance Technologies LLC grew its stake in CompoSecure by 165.4% during the second quarter. Renaissance Technologies LLC now owns 209,389 shares of the company’s stock worth $1,424,000 after buying an additional 130,489 shares during the period. Bailard Inc. purchased a new stake in CompoSecure during the second quarter worth approximately $259,000. Finally, Rhumbline Advisers increased its position in shares of CompoSecure by 17.3% in the second quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock worth $133,000 after acquiring an additional 2,877 shares in the last quarter. Institutional investors and hedge funds own 37.56% of the company’s stock.

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.