CompoSecure, Inc. (NASDAQ:CMPO) Receives $12.33 Average Price Target from Brokerages

Shares of CompoSecure, Inc. (NASDAQ:CMPO) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $12.33.

A number of brokerages recently weighed in on CMPO. Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of CompoSecure in a research report on Tuesday, May 7th. Benchmark raised their price objective on CompoSecure from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Finally, B. Riley boosted their target price on CompoSecure from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, May 10th.

CompoSecure Trading Up 0.5 %

CompoSecure stock opened at $6.55 on Thursday. CompoSecure has a 12-month low of $4.61 and a 12-month high of $8.16. The firm has a market capitalization of $527.86 million, a price-to-earnings ratio of 6.75 and a beta of 0.72. The firm has a 50 day moving average of $6.79 and a 200 day moving average of $5.77.

CompoSecure (NASDAQ:CMPO) last posted its quarterly 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 business had revenue of $99.90 million for the quarter, compared to analysts’ expectations of $95.86 million. CompoSecure had a negative return on equity of 11.00% and a net margin of 5.14%. On average, analysts predict that CompoSecure will post 1.09 EPS for the current year.

CompoSecure Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Monday, May 20th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 17th.

Insider Activity

In related news, major shareholder Lp Bleichroeder bought 800,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was purchased at an average price of $6.50 per share, for a total transaction of $5,200,000.00. Following the acquisition, the insider now owns 3,797,550 shares in the company, valued at $24,684,075. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In related news, major shareholder Llr Equity Partners Iv, L.P. sold 4,752,150 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $6.50, for a total value of $30,888,975.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Lp Bleichroeder bought 800,000 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were acquired at an average price of $6.50 per share, with a total value of $5,200,000.00. Following the transaction, the insider now directly owns 3,797,550 shares of the company’s stock, valued at $24,684,075. The disclosure for this purchase can be found here. Corporate insiders own 74.99% of the company’s stock.

Institutional Investors Weigh In On CompoSecure

Hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its position in shares of CompoSecure by 67.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 25,430 shares of the company’s stock worth $164,000 after acquiring an additional 10,259 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new position in CompoSecure during the 3rd quarter valued at about $150,000. Steamboat Capital Partners LLC raised its holdings in shares of CompoSecure by 1.9% in the 3rd 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 in the last quarter. B. Riley Asset Management LLC lifted its position in shares of CompoSecure by 264.9% in the 3rd quarter. B. Riley Asset Management LLC now owns 248,927 shares of the company’s stock worth $1,606,000 after purchasing an additional 180,705 shares during the period. Finally, Potomac Capital Management Inc. boosted its stake in shares of CompoSecure by 169.0% during 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 in the last quarter. 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.