CompoSecure, Inc. (NASDAQ:CMPO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of CompoSecure, Inc. (NASDAQ:CMPO) have been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $16.81.

CMPO has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. TD Cowen initiated coverage on CompoSecure in a report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price target on shares of CompoSecure in a report on Monday, November 11th. B. Riley lifted their price objective on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Benchmark reaffirmed a “buy” rating and set a $17.00 target price on shares of CompoSecure in a research report on Tuesday, November 12th.

CompoSecure Stock Performance

Shares of NASDAQ CMPO opened at $14.76 on Monday. The business has a 50 day simple moving average of $15.39 and a 200 day simple moving average of $12.88. CompoSecure has a 52 week low of $4.61 and a 52 week high of $17.03. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -33.55, a PEG ratio of 2.19 and a beta of 0.77.

CompoSecure (NASDAQ:CMPO) last posted its earnings results on Friday, November 8th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business had revenue of $107.14 million during the quarter, compared to the consensus estimate of $105.11 million. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. During the same period in the prior year, the firm earned $0.24 earnings per share. On average, analysts predict that CompoSecure will post 1.02 EPS for the current year.

Insider Activity at CompoSecure

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

Hedge Funds Weigh In On CompoSecure

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its position in CompoSecure by 16.0% in the second quarter. Bank of New York Mellon Corp now owns 50,031 shares of the company’s stock valued at $340,000 after acquiring an additional 6,891 shares during the period. Rhumbline Advisers grew its holdings in shares of CompoSecure by 17.3% in the 2nd quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock worth $133,000 after purchasing an additional 2,877 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of CompoSecure by 165.4% during the 2nd quarter. Renaissance Technologies LLC now owns 209,389 shares of the company’s stock worth $1,424,000 after purchasing an additional 130,489 shares in the last quarter. XTX Topco Ltd bought a new position in CompoSecure during the 2nd quarter valued at about $157,000. Finally, Cubist Systematic Strategies LLC acquired a new position in CompoSecure in the second quarter valued at about $147,000. 37.56% of the stock is 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.