CompoSecure (NASDAQ:CMPO) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

CompoSecure (NASDAQ:CMPO) released its earnings results on Wednesday. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04, Zacks reports. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%.

CompoSecure Stock Down 0.5 %

Shares of NASDAQ:CMPO traded down $0.06 during mid-day trading on Wednesday, reaching $12.02. 1,523,575 shares of the stock were exchanged, compared to its average volume of 719,591. CompoSecure has a one year low of $4.61 and a one year high of $17.71. The company has a market cap of $1.06 billion, a P/E ratio of -27.32, a P/E/G ratio of 2.63 and a beta of 0.78. The stock’s 50 day simple moving average is $15.26 and its 200-day simple moving average is $14.60.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. TD Cowen assumed coverage on CompoSecure in a report on Wednesday, December 18th. They set a “buy” rating and a $20.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and set a $16.00 price target on shares of CompoSecure in a report on Monday, November 11th. B. Riley raised their target price on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Benchmark reiterated a “buy” rating and issued a $17.00 price objective on shares of CompoSecure in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, CompoSecure currently has a consensus rating of “Moderate Buy” and an average price target of $16.81.

Insider Transactions at CompoSecure

In related news, insider Adam Joseph Lowe sold 34,310 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $16.24, for a total value of $557,194.40. Following the transaction, the insider now owns 1,315,068 shares in the company, valued at approximately $21,356,704.32. This trade represents a 2.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Amanda Mandy Gourbault sold 9,622 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $16.09, for a total value of $154,817.98. Following the completion of the transaction, the executive now owns 821,782 shares of the company’s stock, valued at $13,222,472.38. This represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders acquired 659,376 shares of company stock worth $10,429,021 and sold 166,319 shares worth $2,686,288. Company insiders own 74.99% of the company’s stock.

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.