B. Riley Issues Pessimistic Outlook for CompoSecure Earnings

CompoSecure, Inc. (NASDAQ:CMPO) – Analysts at B. Riley dropped their FY2024 earnings per share estimates for CompoSecure in a report issued on Tuesday, February 11th. B. Riley analyst H. Goetsch now forecasts that the company will post earnings of $1.01 per share for the year, down from their previous estimate of $1.03. B. Riley has a “Buy” rating and a $23.00 price target on the stock. The consensus estimate for CompoSecure’s current full-year earnings is $1.02 per share. B. Riley also issued estimates for CompoSecure’s Q4 2024 earnings at $0.22 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.27 EPS, FY2025 earnings at $1.12 EPS and FY2026 earnings at $1.23 EPS.

Other equities analysts also recently issued research reports about the company. Needham & Company LLC reissued a “buy” rating and set a $16.00 price target on shares of CompoSecure in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their price target on CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. TD Cowen assumed coverage on CompoSecure in a research report on Wednesday, December 18th. They set a “buy” rating and a $20.00 price target for the company. Finally, Benchmark reissued a “buy” rating and set a $17.00 price target on shares of CompoSecure in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.81.

CompoSecure Stock Performance

CompoSecure stock opened at $15.05 on Wednesday. The stock has a fifty day moving average of $15.50 and a two-hundred day moving average of $13.96. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -34.20, a PEG ratio of 2.51 and a beta of 0.78. CompoSecure has a fifty-two week low of $4.61 and a fifty-two week high of $17.03.

Insider Activity at CompoSecure

In related news, insider Adam Joseph Lowe sold 66,350 shares of CompoSecure stock in a transaction on Monday, December 9th. The stock was sold at an average price of $15.91, for a total value of $1,055,628.50. Following the transaction, the insider now owns 1,358,692 shares in the company, valued at approximately $21,616,789.72. This trade represents a 4.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Gregoire Maes sold 55,137 shares of CompoSecure stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.40, for a total value of $904,246.80. Following the completion of the transaction, the chief operating officer now owns 762,009 shares in the company, valued at $12,496,947.60. The trade was a 6.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 180,660 shares of company stock worth $2,921,066. 74.99% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Verition Fund Management LLC acquired a new position in shares of CompoSecure during the third quarter worth about $798,000. Geode Capital Management LLC lifted its stake in shares of CompoSecure by 34.1% during the third quarter. Geode Capital Management LLC now owns 585,746 shares of the company’s stock worth $8,214,000 after purchasing an additional 148,833 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of CompoSecure by 555.0% during the third quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company’s stock worth $728,000 after purchasing an additional 44,018 shares in the last quarter. State Street Corp lifted its stake in shares of CompoSecure by 20.1% during the third quarter. State Street Corp now owns 395,691 shares of the company’s stock worth $5,548,000 after purchasing an additional 66,232 shares in the last quarter. Finally, Tyro Capital Management LLC acquired a new position in shares of CompoSecure during the third quarter worth about $27,978,000. Institutional investors and hedge funds 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.