CompoSecure (NASDAQ:CMPO) PT Raised to $12.00

CompoSecure (NASDAQ:CMPO - Get Free Report) had its price target hoisted by investment analysts at JPMorgan Chase & Co. from $8.00 to $12.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 3.72% from the stock's previous close.

Several other equities analysts have also weighed in on CMPO. Needham & Company LLC upped their price objective on shares of CompoSecure from $15.00 to $16.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Bank of America upped their price objective on shares of CompoSecure from $9.00 to $10.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Benchmark upped their target price on shares of CompoSecure from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Thursday, August 8th. B. Riley upped their target price on shares of CompoSecure from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, May 10th. Finally, Lake Street Capital started coverage on shares of CompoSecure in a report on Thursday, June 27th. They issued a "buy" rating and a $12.00 target price on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.50.

CompoSecure Trading Up 2.4 %

CMPO stock traded up $0.27 during midday trading on Tuesday, hitting $11.57. The stock had a trading volume of 1,241,117 shares, compared to its average volume of 355,179. The firm has a market cap of $932.44 million, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 1.01 and a beta of 0.71. CompoSecure has a 1-year low of $4.61 and a 1-year high of $11.60. The business has a fifty day moving average price of $7.92 and a two-hundred day moving average price of $6.80.

CompoSecure (NASDAQ:CMPO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. CompoSecure had a net margin of 5.14% and a negative return on equity of 11.00%. The firm had revenue of $108.57 million for the quarter, compared to analyst estimates of $102.22 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. On average, equities analysts anticipate that CompoSecure will post 1.07 EPS for the current year.

Insiders Place Their Bets

In other CompoSecure news, insider Adam Joseph Lowe sold 45,000 shares of the company's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $11.06, for a total value of $497,700.00. Following the completion of the sale, the insider now directly owns 1,292,219 shares of the company's stock, valued at approximately $14,291,942.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other CompoSecure news, insider Adam Joseph Lowe sold 45,000 shares of the company's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $11.06, for a total value of $497,700.00. Following the completion of the sale, the insider now directly owns 1,292,219 shares of the company's stock, valued at approximately $14,291,942.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Gregoire Maes sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $11.04, for a total transaction of $552,000.00. Following the transaction, the chief operating officer now directly owns 762,009 shares of the company's stock, valued at $8,412,579.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 225,859 shares of company stock valued at $2,499,618. Corporate insiders own 74.99% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CMPO. Grizzlyrock Capital LLC bought a new position in shares of CompoSecure during the 4th quarter valued at approximately $3,223,000. Pacific Ridge Capital Partners LLC grew its position in shares of CompoSecure by 146.9% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company's stock valued at $3,308,000 after acquiring an additional 289,451 shares during the period. Wellington Management Group LLP grew its position in shares of CompoSecure by 69.2% during the 4th quarter. Wellington Management Group LLP now owns 601,548 shares of the company's stock valued at $3,248,000 after acquiring an additional 246,094 shares during the period. Boston Partners grew its position in shares of CompoSecure by 40.8% during the 1st quarter. Boston Partners now owns 557,136 shares of the company's stock valued at $4,028,000 after acquiring an additional 161,333 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of CompoSecure by 165.4% during the 2nd quarter. Renaissance Technologies LLC now owns 209,389 shares of the company's stock valued at $1,424,000 after acquiring an additional 130,489 shares during the period. 37.56% of the stock is owned by 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.