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

CompoSecure, Inc. (NASDAQ:CMPO) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $16.81.

Several analysts have recently commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $17.00 price objective on shares of CompoSecure in a report on Tuesday, November 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price objective on shares of CompoSecure in a report on Monday, November 11th. JPMorgan Chase & Co. upped their price objective on shares of CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. B. Riley upped 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. Finally, TD Cowen assumed coverage on shares of CompoSecure in a report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price objective on the stock.

CompoSecure Trading Up 0.6 %

NASDAQ:CMPO opened at $15.92 on Friday. The company has a market cap of $1.40 billion, a PE ratio of -36.18, a P/E/G ratio of 2.51 and a beta of 0.78. CompoSecure has a twelve month low of $4.61 and a twelve month high of $17.03. The company’s 50 day moving average is $15.56 and its two-hundred day moving average is $13.71.

CompoSecure (NASDAQ:CMPO) last released its quarterly earnings data on Friday, November 8th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business had revenue of $107.14 million during the quarter, compared to analysts’ expectations 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 period last year, the company earned $0.24 earnings per share. As a group, analysts expect that CompoSecure will post 1.02 EPS for the current fiscal year.

Insider Buying and Selling

In other CompoSecure news, insider Adam Joseph Lowe sold 34,310 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.24, for a total transaction of $557,194.40. Following the completion of the transaction, the insider now directly owns 1,315,068 shares in the company, valued at approximately $21,356,704.32. This represents a 2.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Gregoire Maes sold 55,137 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $16.40, for a total transaction of $904,246.80. Following the transaction, the chief operating officer now owns 762,009 shares of the company’s stock, valued at $12,496,947.60. This represents a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 180,660 shares of company stock valued at $2,921,066. Corporate insiders own 74.99% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

Large investors have recently added to or reduced their stakes in the stock. Verition Fund Management LLC acquired a new stake in shares of CompoSecure in the third quarter valued at about $798,000. Geode Capital Management LLC raised its position in shares of CompoSecure by 34.1% in the third quarter. Geode Capital Management LLC now owns 585,746 shares of the company’s stock valued at $8,214,000 after buying an additional 148,833 shares during the last quarter. State Street Corp raised its position in shares of CompoSecure by 20.1% in the third quarter. State Street Corp now owns 395,691 shares of the company’s stock valued at $5,548,000 after buying an additional 66,232 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of CompoSecure by 555.0% in the third quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company’s stock valued at $728,000 after buying an additional 44,018 shares during the last quarter. Finally, Tyro Capital Management LLC acquired a new stake in shares of CompoSecure in the third quarter valued at about $27,978,000. 37.56% of the stock is currently 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.