CompoSecure (NASDAQ:CMPO) Price Target Raised to $17.00 at Benchmark

CompoSecure (NASDAQ:CMPO) had its price objective hoisted by Benchmark from $12.00 to $17.00 in a report issued on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of CompoSecure from $8.00 to $12.00 and gave the stock a neutral rating in a research report on Tuesday, August 20th. Compass Point upped 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 raised their target price on CompoSecure from $9.00 to $10.00 and gave the company a buy rating in a report on Thursday, August 8th. Needham & Company LLC upped their price target on CompoSecure from $15.00 to $16.00 and gave the stock a buy rating in a research note on Thursday, August 8th. Finally, Lake Street Capital started coverage on CompoSecure in a report on Thursday, June 27th. They set a buy rating and a $12.00 price objective on the stock. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, CompoSecure currently has an average rating of Moderate Buy and a consensus target price of $14.21.

CompoSecure Stock Performance

Shares of NASDAQ:CMPO opened at $13.46 on Wednesday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 0.88 and a beta of 0.76. CompoSecure has a 1 year low of $4.61 and a 1 year high of $13.91. The business has a fifty day simple moving average of $10.34 and a 200 day simple moving average of $7.91.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. CompoSecure had a negative return on equity of 11.78% and a net margin of 6.33%. The business had revenue of $108.57 million during the quarter, compared to analyst estimates of $102.22 million. During the same period in the previous year, the company earned $0.25 EPS. On average, sell-side analysts forecast that CompoSecure will post 1.1 EPS for the current year.

Insiders Place Their Bets

In other news, Director Michele Logan sold 10,017,983 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $75,635,771.65. Following the completion of the transaction, the director now owns 2,043,320 shares in the company, valued at approximately $15,427,066. The sale was disclosed in a filing with the SEC, which is available at this link. In other CompoSecure news, insider Adam Joseph Lowe sold 45,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $11.06, for a total value of $497,700.00. Following the sale, the insider now directly owns 1,292,219 shares in the company, valued at $14,291,942.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $75,635,771.65. Following the transaction, the director now owns 2,043,320 shares of the company’s stock, valued at $15,427,066. The disclosure for this sale can be found here. Insiders have sold 10,867,586 shares of company stock worth $82,870,442 over the last 90 days. Corporate insiders own 74.99% of the company’s stock.

Institutional Investors Weigh In On CompoSecure

Several large investors have recently made changes to their positions in the company. CWM LLC boosted its position in CompoSecure by 205.9% in the second quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after buying an additional 2,461 shares in the last quarter. Sandia Investment Management LP bought a new position in shares of CompoSecure in the second quarter valued at approximately $68,000. Ritholtz Wealth Management acquired a new position in shares of CompoSecure in the 2nd quarter worth approximately $84,000. Algert Global LLC bought a new stake in CompoSecure during the 2nd quarter worth approximately $84,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in CompoSecure during the 1st quarter valued at $91,000. Institutional investors own 37.56% of the company’s stock.

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.