CompoSecure, Inc. (NASDAQ:CMPO) Receives $11.83 Average PT from Analysts

CompoSecure, Inc. (NASDAQ:CMPO) has received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $11.83.

Several research analysts have issued reports on the stock. B. Riley raised their price objective on shares of CompoSecure from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Benchmark reissued a “buy” rating and set a $8.00 price objective on shares of CompoSecure in a research report on Wednesday, April 24th.

Institutional Trading of CompoSecure

Several hedge funds and other institutional investors have recently made changes to their positions in CMPO. Steamboat Capital Partners LLC lifted its stake in shares of CompoSecure by 1.9% in the third quarter. Steamboat Capital Partners LLC now owns 2,451,883 shares of the company’s stock valued at $15,815,000 after purchasing an additional 45,501 shares during the period. Cannell Capital LLC lifted its stake in shares of CompoSecure by 70.0% in the third quarter. Cannell Capital LLC now owns 1,768,921 shares of the company’s stock valued at $11,410,000 after purchasing an additional 728,424 shares during the period. Wellington Management Group LLP lifted its stake in shares of CompoSecure by 69.2% in the fourth quarter. Wellington Management Group LLP now owns 601,548 shares of the company’s stock valued at $3,248,000 after purchasing an additional 246,094 shares during the period. Grizzlyrock Capital LLC acquired a new stake in shares of CompoSecure in the fourth quarter valued at about $3,223,000. Finally, Potomac Capital Management Inc. lifted its stake in shares of CompoSecure by 169.0% in the third quarter. Potomac Capital Management Inc. now owns 440,715 shares of the company’s stock valued at $2,843,000 after purchasing an additional 276,890 shares during the period. Hedge funds and other institutional investors own 37.56% of the company’s stock.

CompoSecure Price Performance

NASDAQ CMPO opened at $6.95 on Friday. The firm’s fifty day moving average price is $6.21 and its 200 day moving average price is $5.67. The company has a market capitalization of $559.68 million, a price-to-earnings ratio of 7.64 and a beta of 0.72. CompoSecure has a 12 month low of $4.61 and a 12 month high of $7.56.

CompoSecure (NASDAQ:CMPO) last posted its earnings results on Wednesday, March 6th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $99.90 million for the quarter, compared to the consensus estimate of $95.86 million. CompoSecure had a net margin of 4.82% and a negative return on equity of 10.41%. As a group, sell-side analysts forecast that CompoSecure will post 1.09 earnings per share for the current year.

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.