CompoSecure (NASDAQ:CMPO) Receives Buy Rating from Benchmark

CompoSecure (NASDAQ:CMPO)‘s stock had its “buy” rating reaffirmed by research analysts at Benchmark in a research report issued on Tuesday,Benzinga reports. They presently have a $17.00 target price on the stock. Benchmark’s price target indicates a potential upside of 23.82% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price objective on shares of CompoSecure in a research note on Monday. Compass Point upped their price target on CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Bank of America lifted their price objective on CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. upped their target price on CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Finally, Lake Street Capital lifted their price target on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.79.

CompoSecure Stock Down 3.5 %

Shares of CMPO stock opened at $13.73 on Tuesday. CompoSecure has a 1-year low of $4.61 and a 1-year high of $16.14. The stock has a 50 day simple moving average of $13.98 and a 200-day simple moving average of $10.03.

CompoSecure (NASDAQ:CMPO) last announced its earnings results on Friday, November 8th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. The firm had revenue of $107.14 million for the quarter, compared to analyst estimates of $105.11 million. During the same period in the previous year, the company earned $0.24 EPS. Analysts expect that CompoSecure will post 1.02 EPS for the current year.

Insider Activity at CompoSecure

In other CompoSecure news, insider Adam Joseph Lowe sold 5,730 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $12.05, for a total transaction of $69,046.50. Following the completion of the transaction, the insider now owns 1,292,219 shares of the company’s stock, valued at $15,571,238.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other CompoSecure news, insider Adam Joseph Lowe sold 5,730 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $12.05, for a total value of $69,046.50. Following the sale, the insider now owns 1,292,219 shares of the company’s stock, valued at $15,571,238.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jonathan Wilk sold 618,014 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $4,666,005.70. Following the transaction, the chief executive officer now owns 618,013 shares of the company’s stock, valued at approximately $4,665,998.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,641,727 shares of company stock worth $80,370,824. Company insiders own 74.99% of the company’s stock.

Institutional Trading of CompoSecure

A number of institutional investors and hedge funds have recently bought and sold shares of CMPO. CWM LLC grew its holdings in shares of CompoSecure by 205.9% in the second quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after purchasing an additional 2,461 shares in the last quarter. Sandia Investment Management LP purchased a new position in CompoSecure in the 2nd quarter valued at approximately $68,000. nVerses Capital LLC purchased a new position in CompoSecure in the 3rd quarter valued at approximately $72,000. Wolverine Asset Management LLC acquired a new position in shares of CompoSecure in the third quarter worth $74,000. Finally, FMR LLC increased its position in shares of CompoSecure by 693.0% during the third quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after acquiring an additional 5,156 shares during the period. 37.56% of the stock is currently 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.