CompoSecure (NASDAQ:CMPO) Given New $17.00 Price Target at Benchmark

CompoSecure (NASDAQ:CMPO) had its price target raised by Benchmark from $12.00 to $17.00 in a research note released on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms also recently weighed in on CMPO. Bank of America increased their price objective on CompoSecure from $9.00 to $10.00 and gave the company a buy rating in a report on Thursday, August 8th. Compass Point increased 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 increased their price objective on CompoSecure from $15.00 to $16.00 and gave the company a buy rating in a report on Thursday, August 8th. JPMorgan Chase & Co. increased their price objective 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 began coverage on CompoSecure in a report on Thursday, June 27th. They issued a buy rating and a $12.00 price objective for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, CompoSecure currently has a consensus rating of Moderate Buy and an average price target of $14.21.

CompoSecure Stock Performance

Shares of NASDAQ:CMPO opened at $13.49 on Wednesday. The company has a fifty day moving average of $10.10 and a 200-day moving average of $7.81. The company has a market capitalization of $1.09 billion, a PE ratio of 13.91, 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 $13.82.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. The company had revenue of $108.57 million during the quarter, compared to the consensus estimate of $102.22 million. CompoSecure had a net margin of 6.33% and a negative return on equity of 11.78%. During the same period in the prior year, the business earned $0.25 earnings per share. On average, equities analysts forecast that CompoSecure will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling at CompoSecure

In other CompoSecure news, insider Adam Joseph Lowe sold 45,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $11.06, for a total transaction of $497,700.00. Following the sale, the insider now owns 1,292,219 shares of the company’s stock, valued at $14,291,942.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Adam Joseph Lowe sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $11.06, for a total value of $497,700.00. Following the completion of the sale, the insider now directly owns 1,292,219 shares in the company, valued at approximately $14,291,942.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CRO Amanda Mandy Gourbault sold 130,859 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $11.08, for a total value of $1,449,917.72. Following the completion of the sale, the executive now directly owns 908,641 shares of the company’s stock, valued at $10,067,742.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,867,586 shares of company stock valued at $82,870,442. 74.99% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMPO. Grizzlyrock Capital LLC bought a new position in CompoSecure in the fourth quarter worth approximately $3,223,000. Pacific Ridge Capital Partners LLC boosted its holdings in CompoSecure by 146.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock worth $3,308,000 after acquiring an additional 289,451 shares in the last quarter. Wellington Management Group LLP boosted its holdings in CompoSecure by 69.2% in the fourth quarter. Wellington Management Group LLP now owns 601,548 shares of the company’s stock worth $3,248,000 after acquiring an additional 246,094 shares in the last quarter. Boston Partners boosted its holdings in CompoSecure by 40.8% in the first quarter. Boston Partners now owns 557,136 shares of the company’s stock worth $4,028,000 after acquiring an additional 161,333 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in CompoSecure by 165.4% in the second quarter. Renaissance Technologies LLC now owns 209,389 shares of the company’s stock worth $1,424,000 after acquiring an additional 130,489 shares in the last quarter. Institutional investors own 37.56% of the company’s stock.

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.