CompoSecure (NASDAQ:CMPO) Price Target Raised to $18.00 at Lake Street Capital

CompoSecure (NASDAQ:CMPO) had its price target lifted by research analysts at Lake Street Capital from $14.00 to $18.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Lake Street Capital’s price objective suggests a potential upside of 32.35% from the company’s current price.

CMPO has been the subject of several other reports. Benchmark boosted 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. JPMorgan Chase & Co. upped their price objective on shares of CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Bank of America upped their price objective 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. Needham & Company LLC upped their price objective on shares of CompoSecure from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Compass Point upped their price objective on shares of CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research note on Tuesday, August 20th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.07.

CompoSecure Stock Down 1.9 %

CompoSecure stock opened at $13.60 on Wednesday. The company has a market capitalization of $1.10 billion, a PE ratio of 14.02, a P/E/G ratio of 1.00 and a beta of 0.78. The firm has a fifty day simple moving average of $11.38 and a two-hundred day simple moving average of $8.42. CompoSecure has a twelve month low of $4.61 and a twelve month high of $14.20.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. The business 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 previous year, the firm posted $0.25 earnings per share. As a group, equities analysts expect that CompoSecure will post 1.1 earnings per share for the current fiscal year.

Insider Buying and Selling at CompoSecure

In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of the firm’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 $75,635,771.65. Following the completion of the transaction, the director now owns 2,043,320 shares of the company’s stock, valued at $15,427,066. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other CompoSecure news, CEO Jonathan Wilk sold 618,014 shares of the firm’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 of the company’s stock, valued at $4,665,998.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michele Logan sold 10,017,983 shares of the firm’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 $75,635,771.65. Following the transaction, the director now directly owns 2,043,320 shares of the company’s stock, valued at approximately $15,427,066. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,867,586 shares of company stock valued at $82,870,442. Corporate insiders own 74.99% of the company’s stock.

Institutional Investors Weigh In On CompoSecure

Institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC increased its position in shares of CompoSecure by 205.9% during the second quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after acquiring an additional 2,461 shares in the last quarter. Sandia Investment Management LP bought a new stake in shares of CompoSecure during the second quarter valued at approximately $68,000. Ritholtz Wealth Management bought a new stake in shares of CompoSecure during the second quarter valued at approximately $84,000. Algert Global LLC bought a new stake in shares of CompoSecure during the second quarter valued at approximately $84,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of CompoSecure during the first quarter valued at approximately $91,000. 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.