Benchmark Increases CompoSecure (NASDAQ:CMPO) Price Target to $17.00

CompoSecure (NASDAQ:CMPO) had its price target increased by Benchmark from $12.00 to $17.00 in a research report released on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also issued reports on CMPO. Compass Point lifted their price target on shares of CompoSecure from $11.50 to $14.50 and gave the stock a buy rating in a report on Tuesday, August 20th. Bank of America lifted their price target on shares of CompoSecure from $9.00 to $10.00 and gave the stock a buy rating in a report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price target on shares of CompoSecure from $8.00 to $12.00 and gave the stock a neutral rating in a report on Tuesday, August 20th. Needham & Company LLC lifted their price target on shares of CompoSecure from $15.00 to $16.00 and gave the stock a buy rating in a report on Thursday, August 8th. Finally, Lake Street Capital initiated coverage on shares of CompoSecure in a report on Thursday, June 27th. They issued a buy rating and a $12.00 price target on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $14.21.

CompoSecure Price Performance

Shares of NASDAQ:CMPO opened at $13.46 on Wednesday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 0.88 and a beta of 0.76. CompoSecure has a 52 week low of $4.61 and a 52 week high of $13.91. The firm has a 50 day moving average of $10.34 and a 200 day moving average of $7.94.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. CompoSecure had a net margin of 6.33% and a negative return on equity of 11.78%. The company had revenue of $108.57 million during the quarter, compared to the consensus estimate of $102.22 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. On average, sell-side analysts expect that CompoSecure will post 1.1 EPS for the current year.

Insider Activity

In other news, insider Adam Joseph Lowe sold 5,730 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 1,292,219 shares of the company’s stock, valued at $15,571,238.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Michele Logan sold 10,017,983 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total transaction of $75,635,771.65. Following the completion of the transaction, the director now directly owns 2,043,320 shares in the company, valued at $15,427,066. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Joseph Lowe sold 5,730 shares of the business’s stock in a transaction 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 transaction, the insider now owns 1,292,219 shares of the company’s stock, valued at $15,571,238.95. The disclosure for this sale can be found here. Insiders have sold 10,867,586 shares of company stock valued at $82,870,442 over the last ninety days. 74.99% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Grizzlyrock Capital LLC acquired a new position in CompoSecure during the fourth quarter valued at $3,223,000. Pacific Ridge Capital Partners LLC acquired a new position in CompoSecure during the first quarter valued at $1,424,000. Boston Partners lifted its position in CompoSecure by 40.8% during the first quarter. Boston Partners now owns 557,136 shares of the company’s stock valued at $4,028,000 after purchasing an additional 161,333 shares during the period. Bailard Inc. acquired a new position in CompoSecure during the second quarter valued at $259,000. Finally, GSA Capital Partners LLP raised its position in shares of CompoSecure by 87.9% in the first quarter. GSA Capital Partners LLP now owns 103,875 shares of the company’s stock worth $751,000 after acquiring an additional 48,586 shares during the period. 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.