CompoSecure (NASDAQ:CMPO) Earns Buy Rating from Analysts at Lake Street Capital

Equities researchers at Lake Street Capital initiated coverage on shares of CompoSecure (NASDAQ:CMPO) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage set a “buy” rating and a $12.00 price target on the stock. Lake Street Capital’s price target suggests a potential upside of 76.47% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. Benchmark upped their price target on CompoSecure from $8.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. B. Riley upped their price target on CompoSecure from $17.00 to $18.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price target on shares of CompoSecure in a report on Tuesday, May 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.17.

CompoSecure Price Performance

Shares of NASDAQ:CMPO opened at $6.80 on Thursday. CompoSecure has a 12 month low of $4.61 and a 12 month high of $8.16. The stock has a market cap of $548.02 million, a price-to-earnings ratio of 7.01 and a beta of 0.70. The stock’s 50 day moving average price is $6.60 and its 200 day moving average price is $5.97.

CompoSecure (NASDAQ:CMPO) last announced its earnings results on Monday, May 6th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. CompoSecure had a negative return on equity of 11.00% and a net margin of 5.14%. The firm had revenue of $104.01 million for the quarter, compared to analysts’ expectations of $98.20 million. On average, sell-side analysts expect that CompoSecure will post 1.09 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Lp Bleichroeder acquired 800,000 shares of the stock in a transaction on Thursday, May 9th. The shares were purchased at an average cost of $6.50 per share, for a total transaction of $5,200,000.00. Following the transaction, the insider now owns 3,797,550 shares in the company, valued at approximately $24,684,075. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder Lp Bleichroeder acquired 800,000 shares of the stock in a transaction on Thursday, May 9th. The shares were purchased at an average cost of $6.50 per share, for a total transaction of $5,200,000.00. Following the transaction, the insider now owns 3,797,550 shares in the company, valued at approximately $24,684,075. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michele Logan sold 2,968,065 shares of CompoSecure stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $6.50, for a total transaction of $19,292,422.50. Following the transaction, the director now owns 20,829 shares in the company, valued at $135,388.50. The disclosure for this sale can be found here. Corporate insiders own 74.99% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cannell Capital LLC grew its holdings in shares of CompoSecure by 70.0% during the 3rd quarter. Cannell Capital LLC now owns 1,768,921 shares of the company’s stock valued at $11,410,000 after acquiring an additional 728,424 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of CompoSecure by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 843,476 shares of the company’s stock valued at $6,098,000 after acquiring an additional 13,081 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of CompoSecure by 69.2% during the 4th quarter. Wellington Management Group LLP now owns 601,548 shares of the company’s stock valued at $3,248,000 after acquiring an additional 246,094 shares in the last quarter. Grizzlyrock Capital LLC purchased a new position in shares of CompoSecure during the 4th quarter valued at $3,223,000. Finally, Boston Partners grew its holdings in shares of CompoSecure by 40.8% during the 1st quarter. Boston Partners now owns 557,136 shares of the company’s stock valued at $4,028,000 after acquiring an additional 161,333 shares in the last quarter. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

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.