CompoSecure (NASDAQ:CMPO) Now Covered by Analysts at TD Cowen

Analysts at TD Cowen began coverage on shares of CompoSecure (NASDAQ:CMPO) in a report released on Wednesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $20.00 price target on the stock. TD Cowen’s target price suggests a potential upside of 23.84% from the company’s previous close.

A number of other analysts also recently issued reports on CMPO. Compass Point raised their price target on shares of CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research report on Tuesday, August 20th. B. Riley raised their price objective on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. upped their target price on CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Benchmark reissued a “buy” rating and issued a $17.00 price target on shares of CompoSecure in a report on Tuesday, November 12th. Finally, Needham & Company LLC restated a “buy” rating and set a $16.00 price objective on shares of CompoSecure in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, CompoSecure currently has an average rating of “Moderate Buy” and an average price target of $16.81.

CompoSecure Trading Down 1.9 %

NASDAQ:CMPO opened at $16.15 on Wednesday. The company’s 50 day moving average is $15.34 and its two-hundred day moving average is $11.61. CompoSecure has a twelve month low of $4.61 and a twelve month high of $17.03. The company has a market cap of $1.42 billion, a PE ratio of -36.70, a P/E/G ratio of 2.65 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. The firm had revenue of $107.14 million during the quarter, compared to analyst estimates of $105.11 million. During the same period in the prior year, the company posted $0.24 earnings per share. As a group, analysts expect that CompoSecure will post 1.02 EPS for the current fiscal year.

Insider Transactions at CompoSecure

In other news, insider Adam Joseph Lowe sold 66,350 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $15.91, for a total transaction of $1,055,628.50. Following the completion of the sale, the insider now owns 1,358,692 shares in the company, valued at $21,616,789.72. This trade represents a 4.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Gregoire Maes sold 24,323 shares of CompoSecure stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $16.25, for a total transaction of $395,248.75. Following the sale, the chief operating officer now directly owns 762,009 shares in the company, valued at approximately $12,382,646.25. The trade was a 3.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 180,660 shares of company stock worth $2,921,066 in the last ninety days. Insiders own 74.99% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

A number of hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of CompoSecure by 1.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 40,944 shares of the company’s stock worth $574,000 after purchasing an additional 701 shares during the period. CWM LLC lifted its stake in CompoSecure by 42.0% during the third quarter. CWM LLC now owns 5,192 shares of the company’s stock worth $73,000 after purchasing an additional 1,536 shares in the last quarter. Bard Associates Inc. boosted its position in shares of CompoSecure by 0.6% during the third quarter. Bard Associates Inc. now owns 305,247 shares of the company’s stock worth $4,280,000 after buying an additional 1,957 shares during the period. Rhumbline Advisers grew its stake in shares of CompoSecure by 17.3% in the second quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock valued at $133,000 after buying an additional 2,877 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of CompoSecure in the 3rd quarter valued at $72,000. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

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.