CompoSecure (NASDAQ:CMPO) Reaches New 52-Week High on Analyst Upgrade

CompoSecure, Inc. (NASDAQ:CMPO)’s stock price hit a new 52-week high on Tuesday after Benchmark raised their price target on the stock from $8.00 to $10.00. Benchmark currently has a buy rating on the stock. CompoSecure traded as high as $8.16 and last traded at $8.03, with a volume of 225478 shares. The stock had previously closed at $7.25.

Several other research firms have also recently weighed in on CMPO. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of CompoSecure in a research report on Tuesday. B. Riley lifted their target price on 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 given a buy rating to the company’s stock. Based on data from MarketBeat, CompoSecure has a consensus rating of “Moderate Buy” and a consensus target price of $12.17.

Hedge Funds Weigh In On CompoSecure

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its stake in shares of CompoSecure by 67.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 25,430 shares of the company’s stock valued at $164,000 after acquiring an additional 10,259 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in CompoSecure in the third quarter worth $150,000. Steamboat Capital Partners LLC grew its holdings in shares of CompoSecure by 1.9% in the 3rd quarter. Steamboat Capital Partners LLC now owns 2,451,883 shares of the company’s stock valued at $15,815,000 after buying an additional 45,501 shares during the period. B. Riley Asset Management LLC raised its stake in CompoSecure by 264.9% during the 3rd quarter. B. Riley Asset Management LLC now owns 248,927 shares of the company’s stock worth $1,606,000 after buying an additional 180,705 shares during the period. Finally, Potomac Capital Management Inc. increased its holdings in shares of CompoSecure by 169.0% in the third quarter. Potomac Capital Management Inc. now owns 440,715 shares of the company’s stock worth $2,843,000 after acquiring an additional 276,890 shares in the last quarter. 37.56% of the stock is owned by institutional investors.

CompoSecure Price Performance

The company’s 50-day moving average price is $6.40 and its 200-day moving average price is $5.70. The company has a market cap of $632.16 million, a P/E ratio of 8.82 and a beta of 0.72.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $99.90 million during the quarter, compared to analysts’ expectations of $95.86 million. CompoSecure had a negative return on equity of 10.41% and a net margin of 4.82%. On average, equities research analysts predict that CompoSecure, Inc. will post 1.09 EPS for the current year.

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.