CompoSecure, Inc. (NASDAQ:CMPO) Given Average Recommendation of “Moderate Buy” by Brokerages

CompoSecure, Inc. (NASDAQ:CMPO) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $15.79.

A number of equities research analysts have recently weighed in on CMPO shares. B. Riley boosted their price objective on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th. Bank of America increased their price objective on shares of CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price target on shares of CompoSecure in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their price objective on CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Finally, Compass Point raised their price objective on shares of CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a research note on Tuesday, August 20th.

CompoSecure Trading Down 1.4 %

Shares of CMPO opened at $15.95 on Friday. The firm has a market cap of $1.41 billion, a PE ratio of -36.25, a P/E/G ratio of 1.28 and a beta of 0.76. CompoSecure has a 12 month low of $4.61 and a 12 month high of $16.38. The stock has a fifty day moving average price of $14.74 and a 200-day moving average price of $10.76.

CompoSecure (NASDAQ:CMPO) last released its quarterly earnings results on Friday, November 8th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. The business had revenue of $107.14 million during the quarter, compared to analysts’ expectations of $105.11 million. During the same quarter last year, the business posted $0.24 earnings per share. As a group, research analysts forecast that CompoSecure will post 1.02 EPS for the current year.

Insider Activity

In related news, Director Michele Logan sold 10,017,983 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 2,043,320 shares in the company, valued at $15,427,066. This represents a 83.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Gregoire Maes sold 24,323 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $16.25, for a total transaction of $395,248.75. Following the completion of the transaction, the chief operating officer now directly owns 762,009 shares in the company, valued at $12,382,646.25. This represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,666,590 shares of company stock worth $80,774,821 over the last three months. 74.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of CompoSecure by 1.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,944 shares of the company’s stock worth $574,000 after buying an additional 701 shares in the last quarter. CWM LLC grew its stake in CompoSecure by 42.0% during the 3rd quarter. CWM LLC now owns 5,192 shares of the company’s stock valued at $73,000 after acquiring an additional 1,536 shares in the last quarter. Bard Associates Inc. raised its holdings in CompoSecure by 0.6% in the 3rd quarter. Bard Associates Inc. now owns 305,247 shares of the company’s stock valued at $4,280,000 after acquiring an additional 1,957 shares during the last quarter. Rhumbline Advisers lifted its stake in CompoSecure by 17.3% in the 2nd quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock worth $133,000 after purchasing an additional 2,877 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of CompoSecure during the 3rd quarter worth approximately $72,000. 37.56% of the stock is 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.