CompoSecure, Inc. (NASDAQ:CMPO) Receives $12.20 Consensus Price Target from Brokerages

CompoSecure, Inc. (NASDAQ:CMPO) has received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $12.17.

Several brokerages have commented on CMPO. Benchmark raised their price objective on shares of CompoSecure from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Lake Street Capital started coverage on shares of CompoSecure in a research report on Thursday. They set a “buy” rating and a $12.00 price target for the company. Needham & Company LLC reissued a “buy” rating and set a $15.00 price target on shares of CompoSecure in a research report on Tuesday, May 7th. Finally, B. Riley raised their target price on shares of CompoSecure from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, May 10th.

CompoSecure Trading Up 1.9 %

CompoSecure stock opened at $6.80 on Thursday. CompoSecure has a 12 month low of $4.61 and a 12 month high of $8.16. The business’s 50 day simple moving average is $6.60 and its 200 day simple moving average is $5.97. The company has a market cap of $548.01 million, a price-to-earnings ratio of 7.01 and a beta of 0.70.

CompoSecure (NASDAQ:CMPO) last released its quarterly earnings results on Monday, May 6th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $104.01 million for the quarter, compared to analysts’ expectations of $98.20 million. CompoSecure had a net margin of 5.14% and a negative return on equity of 11.00%. As a group, equities research analysts forecast that CompoSecure will post 1.09 earnings per share for the current fiscal year.

CompoSecure Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, June 11th. Shareholders of record on Monday, May 20th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, May 17th.

Insider Transactions at CompoSecure

In related news, major shareholder Llr Equity Partners Iv, L.P. sold 4,752,150 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $6.50, for a total transaction of $30,888,975.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder Llr Equity Partners Iv, L.P. sold 4,752,150 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $6.50, for a total value of $30,888,975.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michele Logan sold 2,968,065 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $6.50, for a total transaction of $19,292,422.50. Following the sale, the director now owns 20,829 shares of the company’s stock, valued at $135,388.50. The disclosure for this sale can be found here. Company insiders own 74.99% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. acquired a new position in shares of CompoSecure in the 1st quarter valued at $91,000. Quadrature Capital Ltd acquired a new stake in shares of CompoSecure during the 1st quarter worth about $158,000. Kerrisdale Advisers LLC acquired a new stake in shares of CompoSecure in the third quarter worth approximately $267,000. GSA Capital Partners LLP boosted 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 last quarter. Finally, Pacific Ridge Capital Partners LLC acquired a new stake in shares of CompoSecure in the first quarter worth approximately $1,424,000. Hedge funds and other institutional investors 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.