CompoSecure, Inc. (NASDAQ:CMPO) Receives Consensus Rating of “Moderate Buy” from Analysts

CompoSecure, Inc. (NASDAQ:CMPO) has been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $16.81.

Several research firms have recently issued reports on CMPO. Lake Street Capital increased their target price on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Needham & Company LLC reissued a “buy” rating and issued a $16.00 target price on shares of CompoSecure in a report on Monday, November 11th. TD Cowen started coverage on shares of CompoSecure in a research report on Wednesday. They issued a “buy” rating and a $20.00 target price for the company. JPMorgan Chase & Co. increased their price target on shares of CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Finally, Benchmark restated a “buy” rating and set a $17.00 price objective on shares of CompoSecure in a research report on Tuesday, November 12th.

CompoSecure Stock Down 2.9 %

Shares of CompoSecure stock opened at $15.68 on Thursday. The company has a 50-day simple moving average of $15.36 and a two-hundred day simple moving average of $11.64. CompoSecure has a twelve month low of $4.61 and a twelve month high of $17.03. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -35.64, a price-to-earnings-growth ratio of 2.65 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last released its quarterly earnings results 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). The business had revenue of $107.14 million during the quarter, compared to analyst estimates of $105.11 million. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. During the same quarter in the previous year, the firm 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 Buying and Selling at CompoSecure

In other news, COO Gregoire Maes sold 24,323 shares of the stock in a transaction on Wednesday, November 27th. The stock was 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 directly owns 762,009 shares in the company, valued at approximately $12,382,646.25. This represents a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Joseph Lowe sold 66,350 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $15.91, for a total value of $1,055,628.50. Following the sale, the insider now owns 1,358,692 shares in the company, valued at $21,616,789.72. This represents a 4.66 % decrease in their position. 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 quarter. Corporate insiders own 74.99% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC grew 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 acquiring an additional 2,461 shares during the last quarter. Bailard Inc. bought a new stake in shares of CompoSecure in the second quarter worth $259,000. Bank of New York Mellon Corp grew its stake in shares of CompoSecure by 16.0% in the second quarter. Bank of New York Mellon Corp now owns 50,031 shares of the company’s stock worth $340,000 after purchasing an additional 6,891 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in CompoSecure in the second quarter valued at $84,000. Finally, Rhumbline Advisers raised its position in CompoSecure by 17.3% during 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 during 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.