Brokerages Set CompoSecure, Inc. (NASDAQ:CMPO) Target Price at $15.07

Shares of CompoSecure, Inc. (NASDAQ:CMPO) have been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $15.07.

A number of brokerages have commented on CMPO. Needham & Company LLC raised their price objective on CompoSecure from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Lake Street Capital boosted their price target on shares of CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Compass Point raised their price objective 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 upped their target price on shares of CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Benchmark raised their price target on shares of CompoSecure from $12.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th.

Insider Transactions at CompoSecure

In related news, Director Michele Logan sold 10,017,983 shares of CompoSecure stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $75,635,771.65. Following the completion of the sale, the director now directly owns 2,043,320 shares in the company, valued at $15,427,066. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Jonathan Wilk sold 618,014 shares of the business’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 owns 618,013 shares in the company, valued at approximately $4,665,998.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michele Logan sold 10,017,983 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total transaction of $75,635,771.65. Following the completion of the sale, the director now owns 2,043,320 shares in the company, valued at approximately $15,427,066. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,867,586 shares of company stock worth $82,870,442. Corporate insiders own 74.99% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

Institutional investors and hedge funds have recently made changes to their positions in the company. Pacific Ridge Capital Partners LLC bought a new position in CompoSecure during the first quarter worth about $1,424,000. Boston Partners grew its position in shares of CompoSecure by 40.8% in the 1st 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. Renaissance Technologies LLC grew its position in shares of CompoSecure by 165.4% in the 2nd quarter. Renaissance Technologies LLC now owns 209,389 shares of the company’s stock valued at $1,424,000 after purchasing an additional 130,489 shares during the period. Bailard Inc. bought a new stake in CompoSecure during the 2nd quarter worth approximately $259,000. Finally, Rhumbline Advisers raised its holdings in CompoSecure by 17.3% during the 2nd quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock worth $133,000 after buying an additional 2,877 shares during the period. Institutional investors and hedge funds own 37.56% of the company’s stock.

CompoSecure Stock Down 1.1 %

CMPO opened at $14.95 on Wednesday. CompoSecure has a 12-month low of $4.61 and a 12-month high of $15.76. The firm has a market capitalization of $1.23 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 1.11 and a beta of 0.78. The stock’s 50 day moving average price is $13.55 and its two-hundred day moving average price is $9.59.

CompoSecure (NASDAQ:CMPO) last announced its earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $108.57 million for the quarter, compared to analyst estimates of $102.22 million. CompoSecure had a net margin of 6.33% and a negative return on equity of 11.78%. During the same quarter in the previous year, the firm posted $0.25 earnings per share. As a group, analysts anticipate that CompoSecure will post 1.1 earnings per share for the current year.

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.