CompoSecure (NASDAQ:CMPO) Shares Down 2.2%

CompoSecure, Inc. (NASDAQ:CMPO) dropped 2.2% during mid-day trading on Friday . The stock traded as low as $10.75 and last traded at $10.78. Approximately 56,453 shares were traded during trading, a decline of 83% from the average daily volume of 338,284 shares. The stock had previously closed at $11.02.

Analyst Ratings Changes

Several research analysts have recently weighed in on CMPO shares. B. Riley lifted their price target on shares of CompoSecure from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Needham & Company LLC lifted their target price on CompoSecure from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Bank of America upped their price target on CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Lake Street Capital assumed coverage on CompoSecure in a research report on Thursday, June 27th. They set a “buy” rating and a $12.00 price objective on the stock. Finally, Benchmark increased their target price on shares of CompoSecure from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $12.33.

CompoSecure Price Performance

The firm has a market capitalization of $885.70 million, a PE ratio of 11.36, a P/E/G ratio of 1.01 and a beta of 0.71. The company has a 50-day moving average price of $7.61 and a 200 day moving average price of $6.65.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. The business had revenue of $108.57 million during the quarter, compared to the consensus estimate of $102.22 million. CompoSecure had a negative return on equity of 11.00% and a net margin of 5.14%. During the same period in the prior year, the company posted $0.25 EPS. As a group, research analysts anticipate that CompoSecure, Inc. will post 1.07 earnings per share for the current year.

Institutional Trading of CompoSecure

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC grew its position in shares of CompoSecure by 205.9% during the second quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after purchasing an additional 2,461 shares in the last quarter. Sandia Investment Management LP purchased a new position in CompoSecure during the 2nd quarter valued at approximately $68,000. Ritholtz Wealth Management purchased a new stake in shares of CompoSecure during the 2nd quarter worth approximately $84,000. Algert Global LLC bought a new position in shares of CompoSecure during the 2nd quarter valued at approximately $84,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of CompoSecure in the first quarter valued at $91,000. 37.56% of the stock is currently owned by 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.