TD Cowen Initiates Coverage on CompoSecure (NASDAQ:CMPO)

TD Cowen started coverage on shares of CompoSecure (NASDAQ:CMPO - Free Report) in a research report report published on Wednesday, MarketBeat.com reports. The brokerage issued a buy rating and a $20.00 price objective on the stock.

CMPO has been the topic of several other research reports. B. Riley upped 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. Compass Point boosted their price target on shares of CompoSecure from $11.50 to $14.50 and gave the company a "buy" rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. raised their price objective on shares of CompoSecure from $12.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, December 2nd. Benchmark reissued a "buy" rating and issued a $17.00 target price on shares of CompoSecure in a report on Tuesday, November 12th. Finally, Needham & Company LLC restated a "buy" rating and set a $16.00 price target on shares of CompoSecure in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $16.81.

CompoSecure Stock Down 2.9 %

CMPO traded down $0.47 during midday trading on Wednesday, reaching $15.68. 857,975 shares of the company's stock were exchanged, compared to its average volume of 547,630. The business has a 50-day simple moving average of $15.36 and a two-hundred day simple moving average of $11.64. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -35.64, a price-to-earnings-growth ratio of 2.65 and a beta of 0.76. CompoSecure has a one year low of $4.61 and a one year high of $17.03.

CompoSecure (NASDAQ:CMPO - Get Free Report) last issued its earnings results on Friday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). The company had revenue of $107.14 million during the quarter, compared to analyst estimates of $105.11 million. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. During the same period in the previous year, the company posted $0.24 earnings per share. As a group, research analysts anticipate that CompoSecure will post 1.02 EPS for the current fiscal year.

Insider Activity at CompoSecure

In related news, COO Gregoire Maes sold 55,137 shares of the business's 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 completion of the sale, the chief operating officer now directly owns 762,009 shares of the company's stock, valued at $12,496,947.60. The trade was a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Adam Joseph Lowe sold 34,310 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.24, for a total transaction of $557,194.40. Following the completion of the transaction, the insider now owns 1,315,068 shares in the company, valued at $21,356,704.32. This represents a 2.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 180,660 shares of company stock valued at $2,921,066 over the last quarter. Corporate insiders own 74.99% of the company's stock.

Institutional Trading of CompoSecure

A number of institutional investors have recently bought and sold shares of CMPO. CWM LLC boosted its position in shares of CompoSecure by 205.9% in the 2nd quarter. CWM LLC now owns 3,656 shares of the company's stock worth $25,000 after purchasing an additional 2,461 shares during the last quarter. Sandia Investment Management LP acquired a new position in CompoSecure in the second quarter valued at about $68,000. nVerses Capital LLC bought a new position in CompoSecure during the third quarter worth about $72,000. Wolverine Asset Management LLC acquired a new position in shares of CompoSecure during the 3rd quarter worth about $74,000. Finally, FMR LLC increased its stake in shares of CompoSecure by 693.0% in the 3rd quarter. FMR LLC now owns 5,900 shares of the company's stock valued at $83,000 after acquiring an additional 5,156 shares during the last quarter. 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.