Analysts Set CompoSecure, Inc. (NASDAQ:CMPO) PT at $16.81

Shares of CompoSecure, Inc. (NASDAQ:CMPO) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $16.81.

CMPO has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on shares of CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. B. Riley increased their target price on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Benchmark reiterated a “buy” rating and issued a $17.00 price target on shares of CompoSecure in a research report on Tuesday, November 12th. Lake Street Capital increased their price objective on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, TD Cowen assumed coverage on CompoSecure in a report on Wednesday, December 18th. They set a “buy” rating and a $20.00 target price for the company.

CompoSecure Trading Up 1.5 %

CompoSecure stock opened at $14.76 on Monday. The business’s 50 day simple moving average is $15.41 and its 200 day simple moving average is $12.98. CompoSecure has a 12 month low of $4.61 and a 12 month high of $17.03. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -33.55, a PEG ratio of 2.19 and a beta of 0.77.

CompoSecure (NASDAQ:CMPO) last issued 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 firm had revenue of $107.14 million for the quarter, compared to analysts’ expectations of $105.11 million. During the same period in the prior year, the company earned $0.24 EPS. As a group, equities research analysts forecast that CompoSecure will post 1.02 earnings per share for the current fiscal year.

Insider Transactions at CompoSecure

In other news, insider Adam Joseph Lowe sold 34,310 shares of CompoSecure 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 sale, the insider now directly owns 1,315,068 shares of the company’s stock, valued at approximately $21,356,704.32. The trade was a 2.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Gregoire Maes sold 55,137 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.40, for a total value of $904,246.80. Following the completion of the transaction, the chief operating officer now directly owns 762,009 shares in the company, valued at approximately $12,496,947.60. This represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,660 shares of company stock valued at $2,921,066. 74.99% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CompoSecure

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sandia Investment Management LP bought a new stake in CompoSecure in the 2nd quarter worth approximately $68,000. nVerses Capital LLC bought a new stake in shares of CompoSecure in the 3rd quarter worth approximately $72,000. CWM LLC boosted its stake in shares of CompoSecure by 42.0% in the 3rd quarter. CWM LLC now owns 5,192 shares of the company’s stock valued at $73,000 after purchasing an additional 1,536 shares in the last quarter. Wolverine Asset Management LLC bought a new position in shares of CompoSecure during the 3rd quarter valued at $74,000. Finally, FMR LLC raised its position in CompoSecure by 693.0% in the 3rd quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after purchasing an additional 5,156 shares during the period. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

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.