CompoSecure (NASDAQ:CMPO) Coverage Initiated by Analysts at TD Cowen

Equities researchers at TD Cowen started coverage on shares of CompoSecure (NASDAQ:CMPO) in a research note issued on Wednesday, MarketBeat reports. The brokerage set a “buy” rating and a $20.00 price target on the stock. TD Cowen’s target price would indicate a potential upside of 28.45% from the company’s current price.

Several other equities research analysts also recently commented on CMPO. B. Riley upped their price target on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Compass Point increased their target price on CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a report on Tuesday, August 20th. Benchmark reaffirmed a “buy” rating and issued a $17.00 target price on shares of CompoSecure in a research report on Tuesday, November 12th. Needham & Company LLC reissued a “buy” rating and set a $16.00 price target on shares of CompoSecure in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. raised their price objective on CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, CompoSecure presently has an average rating of “Moderate Buy” and an average price target of $16.81.

CompoSecure Stock Down 0.7 %

Shares of CompoSecure stock opened at $15.57 on Wednesday. CompoSecure has a 12-month low of $4.61 and a 12-month high of $17.03. The firm has a market capitalization of $1.37 billion, a PE ratio of -35.39, a price-to-earnings-growth ratio of 2.65 and a beta of 0.76. The stock’s fifty day moving average is $15.40 and its 200-day moving average is $11.66.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. The company had revenue of $107.14 million for the quarter, compared to analyst estimates of $105.11 million. During the same quarter in the previous year, the firm posted $0.24 EPS. Analysts expect that CompoSecure will post 1.02 EPS for the current year.

Insider Activity at CompoSecure

In other news, insider Adam Joseph Lowe sold 66,350 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $15.91, for a total transaction of $1,055,628.50. Following the completion of the sale, the insider now directly owns 1,358,692 shares of the company’s stock, valued at $21,616,789.72. This trade represents a 4.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Gregoire Maes sold 55,137 shares of CompoSecure stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $16.40, for a total value of $904,246.80. Following the sale, the chief operating officer now owns 762,009 shares of the company’s stock, valued at approximately $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 90 days, insiders sold 180,660 shares of company stock valued at $2,921,066. Insiders own 74.99% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of CompoSecure by 1.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 40,944 shares of the company’s stock valued at $574,000 after purchasing an additional 701 shares during the last quarter. CWM LLC raised its holdings in CompoSecure by 42.0% during the third quarter. CWM LLC now owns 5,192 shares of the company’s stock valued at $73,000 after buying an additional 1,536 shares in the last quarter. Bard Associates Inc. lifted its position in shares of CompoSecure by 0.6% in the third quarter. Bard Associates Inc. now owns 305,247 shares of the company’s stock worth $4,280,000 after buying an additional 1,957 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of CompoSecure by 17.3% during the 2nd quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock worth $133,000 after acquiring an additional 2,877 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of CompoSecure during the 3rd quarter valued at about $72,000. Institutional investors and hedge funds own 37.56% 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.