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

CompoSecure (NASDAQ:CMPO - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.04, Zacks reports. The business had revenue of $100.86 million for the quarter, compared to analyst estimates of $100.90 million. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%.

CompoSecure Price Performance

NASDAQ:CMPO traded down $0.59 during trading hours on Friday, hitting $10.97. The company's stock had a trading volume of 2,021,767 shares, compared to its average volume of 735,123. CompoSecure has a twelve month low of $5.58 and a twelve month high of $17.71. The stock has a fifty day simple moving average of $14.99 and a 200-day simple moving average of $14.60. The company has a market capitalization of $966.80 million, a P/E ratio of -24.93, a PEG ratio of 2.63 and a beta of 0.77.

Insiders Place Their Bets

In other news, insider Adam Joseph Lowe sold 66,350 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 1,358,692 shares in the company, valued at approximately $21,616,789.72. This represents a 4.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Resolute Compo Holdings Llc acquired 221,186 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were purchased at an average cost of $15.01 per share, for a total transaction of $3,320,001.86. Following the acquisition, the director now owns 221,186 shares in the company, valued at $3,320,001.86. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 659,376 shares of company stock valued at $10,429,021 and sold 76,872 shares valued at $1,224,846. Insiders own 74.99% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. B. Riley raised their target price on shares of CompoSecure from $18.00 to $23.00 and gave the stock a "buy" rating in a report on Monday, November 11th. JPMorgan Chase & Co. lowered their price objective on CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday. Lake Street Capital cut their target price on CompoSecure from $18.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday. TD Cowen began coverage on CompoSecure in a research note on Wednesday, December 18th. They issued a "buy" rating and a $20.00 price target for the company. Finally, Needham & Company LLC reduced their price objective on shares of CompoSecure from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.19.

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.