Analysts Set CompoSecure, Inc. (NASDAQ:CMPO) Target Price at $12.20

CompoSecure, Inc. (NASDAQ:CMPO) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $12.17.

Several analysts have recently weighed in on CMPO shares. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of CompoSecure in a research note on Tuesday, May 7th. Benchmark increased their price target on shares of CompoSecure from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. B. Riley increased their price target on shares of CompoSecure from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, Lake Street Capital started coverage on shares of CompoSecure in a research note on Thursday, June 27th. They issued a “buy” rating and a $12.00 price target for the company.

CompoSecure Trading Down 0.6 %

Shares of NASDAQ CMPO opened at $7.00 on Thursday. CompoSecure has a 12-month low of $4.61 and a 12-month high of $8.16. The stock has a market cap of $564.14 million, a PE ratio of 7.22 and a beta of 0.71. The company has a 50-day moving average of $6.63 and a 200 day moving average of $6.02.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. CompoSecure had a net margin of 5.14% and a negative return on equity of 11.00%. The company had revenue of $104.01 million during the quarter, compared to analysts’ expectations of $98.20 million. On average, sell-side analysts forecast that CompoSecure will post 1.09 EPS for the current fiscal year.

CompoSecure Dividend Announcement

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

Insider Transactions at CompoSecure

In other news, Director Michele Logan sold 2,968,065 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $6.50, for a total value of $19,292,422.50. Following the transaction, the director now directly owns 20,829 shares in the company, valued at approximately $135,388.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other CompoSecure news, major shareholder Lp Bleichroeder bought 800,000 shares of CompoSecure stock in a transaction on Thursday, May 9th. The shares were bought at an average cost of $6.50 per share, for a total transaction of $5,200,000.00. Following the acquisition, the insider now directly owns 3,797,550 shares in the company, valued at $24,684,075. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michele Logan sold 2,968,065 shares of the stock in a transaction that occurred on 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 in the company, 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 Investors Weigh In On CompoSecure

A number of hedge funds have recently added to or reduced their stakes in CMPO. Potomac Capital Management Inc. lifted its holdings in CompoSecure by 169.0% during the 3rd quarter. Potomac Capital Management Inc. now owns 440,715 shares of the company’s stock worth $2,843,000 after buying an additional 276,890 shares in the last quarter. Kerrisdale Advisers LLC purchased a new stake in shares of CompoSecure during the 3rd quarter worth $267,000. Cannell Capital LLC lifted its position in shares of CompoSecure by 70.0% during the 3rd quarter. Cannell Capital LLC now owns 1,768,921 shares of the company’s stock worth $11,410,000 after purchasing an additional 728,424 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of CompoSecure by 30.8% during the 3rd quarter. Wellington Management Group LLP now owns 355,454 shares of the company’s stock worth $2,293,000 after purchasing an additional 83,736 shares during the last quarter. Finally, Grizzlyrock Capital LLC purchased a new stake in shares of CompoSecure during the 4th quarter worth $3,223,000. 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.