CompoSecure, Inc. (NASDAQ:CMPO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of CompoSecure, Inc. (NASDAQ:CMPO) have been given an average recommendation of “Moderate Buy” by the eight analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $16.19.

CMPO has been the topic of a number of research reports. Wall Street Zen downgraded shares of CompoSecure from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. reduced their price objective on CompoSecure from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Lake Street Capital lowered their price objective on CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of CompoSecure in a report on Tuesday, May 13th.

Insider Transactions at CompoSecure

In related news, Director Joseph J. Deangelo purchased 45,045 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were purchased at an average cost of $11.12 per share, for a total transaction of $500,900.40. Following the completion of the acquisition, the director now owns 45,045 shares in the company, valued at approximately $500,900.40. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Adam Joseph Lowe sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.01, for a total transaction of $55,050.00. Following the completion of the transaction, the insider now directly owns 1,481,036 shares in the company, valued at $16,306,206.36. This represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Company insiders own 52.10% of the company’s stock.

Institutional Investors Weigh In On CompoSecure

Several large investors have recently added to or reduced their stakes in CMPO. Locust Wood Capital Advisers LLC increased its position in shares of CompoSecure by 60.3% during the first quarter. Locust Wood Capital Advisers LLC now owns 7,339,015 shares of the company’s stock worth $79,775,000 after acquiring an additional 2,759,872 shares during the period. Bleichroeder LP grew its stake in CompoSecure by 1.6% in the fourth quarter. Bleichroeder LP now owns 3,856,966 shares of the company’s stock worth $59,127,000 after purchasing an additional 59,416 shares in the last quarter. Vanguard Group Inc. increased its holdings in CompoSecure by 65.7% during the 1st quarter. Vanguard Group Inc. now owns 2,337,323 shares of the company’s stock worth $25,407,000 after purchasing an additional 926,389 shares during the period. Cannell Capital LLC raised its position in CompoSecure by 8.0% during the 4th quarter. Cannell Capital LLC now owns 2,278,726 shares of the company’s stock valued at $34,933,000 after purchasing an additional 169,067 shares in the last quarter. Finally, Tyro Capital Management LLC raised its position in CompoSecure by 1.2% during the 4th quarter. Tyro Capital Management LLC now owns 2,019,078 shares of the company’s stock valued at $30,952,000 after purchasing an additional 23,468 shares in the last quarter. 37.56% of the stock is owned by hedge funds and other institutional investors.

CompoSecure Stock Up 0.5%

CMPO opened at $13.75 on Thursday. CompoSecure has a 52 week low of $6.13 and a 52 week high of $17.71. The firm has a 50-day simple moving average of $11.86 and a two-hundred day simple moving average of $13.54. The company has a market capitalization of $1.41 billion, a PE ratio of -31.25, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95.

CompoSecure (NASDAQ:CMPO) last posted its earnings results on Monday, May 12th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. The firm had revenue of $103.90 million during the quarter, compared to the consensus estimate of $103.22 million. As a group, sell-side analysts expect that CompoSecure will post 1.02 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.