B. Riley Forecasts Strong Price Appreciation for CompoSecure (NASDAQ:CMPO) Stock

CompoSecure (NASDAQ:CMPO) had its target price hoisted by B. Riley from $18.00 to $23.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock. B. Riley also issued estimates for CompoSecure’s Q4 2024 earnings at $0.24 EPS, FY2024 earnings at $1.03 EPS, FY2025 earnings at $1.08 EPS and FY2026 earnings at $1.22 EPS.

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

CompoSecure Trading Up 1.5 %

CompoSecure stock opened at $13.94 on Monday. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -31.68, a PEG ratio of 1.13 and a beta of 0.76. The stock’s 50 day moving average is $14.02 and its 200-day moving average is $10.06. CompoSecure has a 12 month low of $4.61 and a 12 month high of $16.14.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $107.14 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $0.24 EPS. As a group, equities research analysts predict that CompoSecure will post 1.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jonathan Wilk sold 618,014 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total transaction of $4,666,005.70. Following the completion of the transaction, the chief executive officer now directly owns 618,013 shares in the company, valued at $4,665,998.15. This represents a 50.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam Joseph Lowe sold 5,730 shares of the stock in a transaction that occurred on 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 directly owns 1,292,219 shares of the company’s stock, valued at approximately $15,571,238.95. The trade was a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,641,727 shares of company stock worth $80,370,824 in the last ninety days. 74.99% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. CWM LLC boosted its holdings in shares of CompoSecure by 205.9% during the 2nd quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after acquiring an additional 2,461 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of CompoSecure during the third quarter valued at about $72,000. Wolverine Asset Management LLC bought a new stake in shares of CompoSecure during the third quarter worth about $74,000. FMR LLC increased its stake in shares of CompoSecure by 693.0% in the third quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after buying an additional 5,156 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in CompoSecure in the 3rd quarter valued at approximately $140,000. 37.56% of the stock is currently owned by institutional investors and hedge funds.

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.