CompoSecure (NASDAQ:CMPO) Receives Buy Rating from Benchmark

CompoSecure (NASDAQ:CMPO)‘s stock had its “buy” rating reissued by research analysts at Benchmark in a research note issued on Wednesday, Benzinga reports. They presently have a $8.00 price target on the stock. Benchmark’s target price would indicate a potential upside of 24.42% from the stock’s current price.

Separately, B. Riley raised their target price on shares of CompoSecure from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.83.

CompoSecure Price Performance

Shares of NASDAQ:CMPO traded down $0.18 during trading on Wednesday, reaching $6.43. 15,222 shares of the company were exchanged, compared to its average volume of 201,224. The firm has a market capitalization of $517.81 million, a PE ratio of 7.12 and a beta of 0.72. The business’s fifty day simple moving average is $6.03 and its 200-day simple moving average is $5.65. CompoSecure has a 12-month low of $4.61 and a 12-month high of $7.57.

CompoSecure (NASDAQ:CMPO) last issued its earnings results on Wednesday, March 6th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The business had revenue of $99.90 million for the quarter, compared to analyst estimates of $95.86 million. CompoSecure had a net margin of 4.82% and a negative return on equity of 10.41%. On average, sell-side analysts anticipate that CompoSecure will post 1.09 EPS for the current fiscal year.

Hedge Funds Weigh In On CompoSecure

Several institutional investors have recently bought and sold shares of CMPO. AE Wealth Management LLC purchased a new position in CompoSecure during the third quarter valued at approximately $74,000. Impact Partnership Wealth LLC grew its holdings in CompoSecure by 20.5% in the third quarter. Impact Partnership Wealth LLC now owns 11,268 shares of the company’s stock worth $73,000 after purchasing an additional 1,916 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in CompoSecure by 67.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 25,430 shares of the company’s stock worth $164,000 after purchasing an additional 10,259 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in CompoSecure in the third quarter worth $150,000. Finally, Steamboat Capital Partners LLC grew its holdings in CompoSecure by 1.9% in the third quarter. Steamboat Capital Partners LLC now owns 2,451,883 shares of the company’s stock worth $15,815,000 after purchasing an additional 45,501 shares during the last quarter. 37.56% of the stock is owned by hedge funds and other institutional investors.

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.