B. Riley Issues Positive Forecast for CompoSecure (NASDAQ:CMPO) Stock Price

CompoSecure (NASDAQ:CMPO) had its price objective increased by B. Riley from $18.00 to $23.00 in a report published on Monday morning,Benzinga reports. B. Riley currently has a buy rating on the stock.

A number of other brokerages have also weighed in on CMPO. Benchmark raised their price objective on CompoSecure from $12.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Lake Street Capital lifted their price objective on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Bank of America raised their target price on shares of CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price target on shares of CompoSecure in a research report on Monday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.79.

CompoSecure Price Performance

Shares of NASDAQ:CMPO opened at $13.90 on Monday. The firm’s 50 day simple moving average is $13.92 and its two-hundred day simple moving average is $9.98. The company has a market capitalization of $1.15 billion, a P/E ratio of -32.11, a P/E/G ratio of 1.03 and a beta of 0.76. CompoSecure has a 1-year low of $4.61 and a 1-year high of $16.14.

CompoSecure (NASDAQ:CMPO) last released its quarterly earnings data on Friday, November 8th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). CompoSecure had a negative return on equity of 11.78% and a net margin of 6.33%. The business had revenue of $107.14 million during the quarter, compared to the consensus estimate of $105.11 million. During the same period last year, the company earned $0.24 EPS. On average, sell-side analysts anticipate that CompoSecure will post 1.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of the firm’s 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 sale, the director now owns 2,043,320 shares of the company’s stock, valued at $15,427,066. This trade represents 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 hyperlink. In other news, insider Adam Joseph Lowe sold 45,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $11.06, for a total value of $497,700.00. Following the transaction, the insider now directly owns 1,292,219 shares in the company, valued at approximately $14,291,942.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michele Logan sold 10,017,983 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total transaction 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,867,586 shares of company stock valued at $82,870,442 in the last ninety days. 74.99% of the stock is owned by company insiders.

Hedge Funds Weigh In On CompoSecure

A number of hedge funds have recently added to or reduced their stakes in the stock. CWM LLC increased its holdings in CompoSecure by 205.9% during the 2nd quarter. CWM LLC now owns 3,656 shares of the company’s stock worth $25,000 after purchasing an additional 2,461 shares during the period. nVerses Capital LLC bought a new stake in shares of CompoSecure in the third quarter valued at about $72,000. Wolverine Asset Management LLC purchased a new stake in CompoSecure in the third quarter worth about $74,000. Sandia Investment Management LP bought a new position in CompoSecure during the 2nd quarter worth about $68,000. Finally, Principal Financial Group Inc. purchased a new position in CompoSecure during the 3rd quarter valued at about $146,000. 37.56% of the stock is currently owned by 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.