B. Riley Brokers Decrease Earnings Estimates for CompoSecure

CompoSecure, Inc. (NASDAQ:CMPO - Free Report) - Stock analysts at B. Riley dropped their FY2024 EPS estimates for shares of CompoSecure in a research note issued on Tuesday, February 11th. B. Riley analyst H. Goetsch now forecasts that the company will post earnings per share of $1.01 for the year, down from their prior estimate of $1.03. B. Riley has a "Buy" rating and a $23.00 price target on the stock. The consensus estimate for CompoSecure's current full-year earnings is $1.02 per share. B. Riley also issued estimates for CompoSecure's Q4 2024 earnings at $0.22 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.27 EPS, FY2025 earnings at $1.12 EPS and FY2026 earnings at $1.23 EPS.

A number of other research analysts have also weighed in on CMPO. Needham & Company LLC reaffirmed a "buy" rating and issued a $16.00 price target on shares of CompoSecure in a research note on Monday, November 11th. Benchmark reaffirmed a "buy" rating and issued a $17.00 price target on shares of CompoSecure in a research note on Tuesday, November 12th. JPMorgan Chase & Co. raised their price target on shares of CompoSecure from $12.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, December 2nd. Finally, TD Cowen initiated coverage on shares of CompoSecure in a research note on Wednesday, December 18th. They issued a "buy" rating and a $20.00 target price on the stock. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, CompoSecure currently has a consensus rating of "Moderate Buy" and an average price target of $16.81.

CompoSecure Price Performance

CompoSecure stock traded down $0.09 during midday trading on Wednesday, reaching $15.64. The company had a trading volume of 953,026 shares, compared to its average volume of 850,694. The company has a market capitalization of $1.38 billion, a P/E ratio of -35.55, a P/E/G ratio of 2.51 and a beta of 0.78. CompoSecure has a 12-month low of $4.61 and a 12-month high of $17.03. The firm's fifty day simple moving average is $15.46 and its 200-day simple moving average is $14.03.

Insiders Place Their Bets

In other news, COO Gregoire Maes sold 55,137 shares of CompoSecure stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.40, for a total transaction 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. The trade was a 6.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Joseph Lowe sold 66,350 shares of CompoSecure stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $15.91, for a total transaction of $1,055,628.50. Following the sale, the insider now directly owns 1,358,692 shares in the company, valued at approximately $21,616,789.72. The trade was a 4.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 180,660 shares of company stock valued at $2,921,066 in the last ninety days. 74.99% of the stock is currently owned by corporate insiders.

Institutional Trading of CompoSecure

Several institutional investors have recently added to or reduced their stakes in the stock. Bwcp LP increased its holdings in CompoSecure by 12.8% in the 4th quarter. Bwcp LP now owns 701,201 shares of the company's stock valued at $10,749,000 after purchasing an additional 79,634 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in CompoSecure in the 4th quarter valued at approximately $293,000. Voleon Capital Management LP acquired a new stake in CompoSecure in the 4th quarter valued at approximately $694,000. Northern Trust Corp increased its holdings in CompoSecure by 14.1% in the 4th quarter. Northern Trust Corp now owns 242,854 shares of the company's stock valued at $3,723,000 after purchasing an additional 30,086 shares during the last quarter. Finally, KP Management LLC acquired a new stake in CompoSecure in the 4th quarter valued at approximately $1,344,000. Institutional investors and hedge funds own 37.56% of the company's stock.

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.