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

CompoSecure, Inc. (NASDAQ:CMPO) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $11.83.

A number of analysts have recently issued reports on the company. Benchmark reiterated a “buy” rating and set a $8.00 target price on shares of CompoSecure in a report on Wednesday. B. Riley lifted their price target on shares of CompoSecure from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, March 7th.

Hedge Funds Weigh In On CompoSecure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMPO. Cannell Capital LLC lifted its stake in shares of CompoSecure by 70.0% in the third quarter. Cannell Capital LLC now owns 1,768,921 shares of the company’s stock worth $11,410,000 after acquiring an additional 728,424 shares in the last quarter. Grizzlyrock Capital LLC purchased a new stake in CompoSecure during the 4th quarter worth approximately $3,223,000. Potomac Capital Management Inc. raised its position in shares of CompoSecure by 169.0% in the 3rd quarter. Potomac Capital Management Inc. now owns 440,715 shares of the company’s stock valued at $2,843,000 after purchasing an additional 276,890 shares in the last quarter. Wellington Management Group LLP boosted its stake 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 buying an additional 246,094 shares during the last quarter. Finally, B. Riley Asset Management LLC boosted its stake in shares of CompoSecure by 264.9% during the 3rd quarter. B. Riley Asset Management LLC now owns 248,927 shares of the company’s stock valued at $1,606,000 after buying an additional 180,705 shares during the last quarter. 37.56% of the stock is owned by hedge funds and other institutional investors.

CompoSecure Stock Up 4.3 %

NASDAQ:CMPO opened at $6.98 on Friday. CompoSecure has a fifty-two week low of $4.61 and a fifty-two week high of $7.56. The firm’s 50 day moving average is $6.13 and its two-hundred day moving average is $5.67. The company has a market cap of $562.12 million, a P/E ratio of 7.67 and a beta of 0.72.

CompoSecure (NASDAQ:CMPO) last issued its earnings results on Wednesday, March 6th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04. CompoSecure had a negative return on equity of 10.41% and a net margin of 4.82%. The business had revenue of $99.90 million for the quarter, compared to analyst estimates of $95.86 million. Research analysts forecast that CompoSecure will post 1.09 earnings per share for the current fiscal year.

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.