CompoSecure, Inc. (NASDAQ:CMPO) Given Average Rating of "Moderate Buy" by Brokerages

Shares of CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eight research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $16.81.

A number of brokerages have issued reports on CMPO. TD Cowen assumed coverage on shares of CompoSecure in a research report on Wednesday, December 18th. They set a "buy" rating and a $20.00 target price for the company. Needham & Company LLC reissued a "buy" rating and issued a $16.00 price target on shares of CompoSecure in a research note on Monday, November 11th. JPMorgan Chase & Co. lifted 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. B. Riley boosted their price objective on shares of CompoSecure from $18.00 to $23.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, Benchmark reiterated a "buy" rating and set a $17.00 target price on shares of CompoSecure in a report on Tuesday, November 12th.

CompoSecure Price Performance

NASDAQ CMPO opened at $13.88 on Monday. The firm's fifty day moving average price is $15.48 and its 200 day moving average price is $12.76. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -31.55, a price-to-earnings-growth ratio of 2.66 and a beta of 0.76. CompoSecure has a 12 month low of $4.61 and a 12 month high of $17.03.

CompoSecure (NASDAQ:CMPO - Get Free Report) last posted 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). CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. The company 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 earnings per share. As a group, sell-side analysts forecast that CompoSecure will post 1.02 earnings per share for the current year.

Insiders Place Their Bets

In other CompoSecure news, COO Gregoire Maes sold 24,323 shares of the business's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $16.25, for a total value of $395,248.75. Following the sale, the chief operating officer now owns 762,009 shares of the company's stock, valued at $12,382,646.25. The trade was a 3.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Adam Joseph Lowe sold 66,350 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $15.91, for a total value of $1,055,628.50. Following the transaction, the insider now 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 disclosure for this sale can be found here. Insiders sold 180,660 shares of company stock valued at $2,921,066 over the last 90 days. 74.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CMPO. Pacific Ridge Capital Partners LLC raised its position in shares of CompoSecure by 146.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company's stock worth $3,308,000 after purchasing an additional 289,451 shares during the period. Verition Fund Management LLC acquired a new stake in shares of CompoSecure in the 3rd quarter valued at approximately $798,000. Geode Capital Management LLC grew its position in shares of CompoSecure by 34.1% in the 3rd quarter. Geode Capital Management LLC now owns 585,746 shares of the company's stock valued at $8,214,000 after acquiring an additional 148,833 shares during the period. State Street Corp increased its position in CompoSecure by 20.1% during the third quarter. State Street Corp now owns 395,691 shares of the company's stock worth $5,548,000 after buying an additional 66,232 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of CompoSecure by 165.4% during the 2nd quarter. Renaissance Technologies LLC now owns 209,389 shares of the company's stock worth $1,424,000 after acquiring an additional 130,489 shares during the last quarter. 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.