CompoSecure’s (CMPO) Buy Rating Reiterated at Benchmark

Benchmark reissued their buy rating on shares of CompoSecure (NASDAQ:CMPO) in a research note published on Wednesday, Benzinga reports. The brokerage currently has a $8.00 target price on the stock.

Separately, B. Riley upped their target price on shares of CompoSecure from $14.00 to $17.00 and gave the company 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. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $11.83.

CompoSecure Price Performance

NASDAQ CMPO opened at $6.98 on Wednesday. The firm’s 50-day moving average is $6.13 and its two-hundred day moving average is $5.67. CompoSecure has a 12 month low of $4.61 and a 12 month high of $7.56. The stock has a market capitalization of $562.10 million, a P/E ratio of 7.67 and a beta of 0.72.

CompoSecure (NASDAQ:CMPO) last posted its earnings results on Wednesday, March 6th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. CompoSecure had a net margin of 4.82% and a negative return on equity of 10.41%. The company had revenue of $99.90 million for the quarter, compared to analysts’ expectations of $95.86 million. As a group, analysts anticipate that CompoSecure will post 1.09 EPS for the current year.

Institutional Trading of CompoSecure

Hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP raised its holdings in CompoSecure by 69.2% in the fourth 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 in the last quarter. Grizzlyrock Capital LLC purchased a new position in CompoSecure in the fourth quarter valued at approximately $3,223,000. Cannell Capital LLC increased its stake in CompoSecure by 70.0% in the third quarter. Cannell Capital LLC now owns 1,768,921 shares of the company’s stock valued at $11,410,000 after purchasing an additional 728,424 shares during the last quarter. Kerrisdale Advisers LLC purchased a new position in CompoSecure in the third quarter valued at approximately $267,000. Finally, Potomac Capital Management Inc. increased its stake in CompoSecure by 169.0% in the third quarter. Potomac Capital Management Inc. now owns 440,715 shares of the company’s stock valued at $2,843,000 after purchasing an additional 276,890 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.