CompoSecure (NASDAQ:CMPO) Price Target Increased to $18.00 by Analysts at Lake Street Capital

CompoSecure (NASDAQ:CMPO) had its price target hoisted by Lake Street Capital from $14.00 to $18.00 in a research report released on Wednesday, Benzinga reports. Lake Street Capital currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on the stock. Benchmark lifted their price target on shares of CompoSecure from $12.00 to $17.00 and gave the company a buy rating in a report on Wednesday, September 18th. Needham & Company LLC lifted their price target on shares of CompoSecure from $15.00 to $16.00 and gave the company a buy rating in a report on Thursday, August 8th. Compass Point lifted their price target on shares of CompoSecure from $11.50 to $14.50 and gave the company a buy rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. lifted their price target on shares of CompoSecure from $8.00 to $12.00 and gave the company a neutral rating in a report on Tuesday, August 20th. Finally, Bank of America lifted their price target on shares of CompoSecure from $9.00 to $10.00 and gave the company a buy rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $15.07.

CompoSecure Trading Up 0.3 %

CMPO opened at $13.86 on Wednesday. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 1.00 and a beta of 0.76. The company’s 50 day moving average is $11.28 and its 200 day moving average is $8.38. CompoSecure has a 12-month low of $4.61 and a 12-month high of $14.20.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $108.57 million for the quarter, compared to the consensus estimate of $102.22 million. CompoSecure had a net margin of 6.33% and a negative return on equity of 11.78%. During the same quarter last year, the firm posted $0.25 earnings per share. As a group, analysts predict that CompoSecure will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Adam Joseph Lowe sold 45,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $11.06, for a total value of $497,700.00. Following the sale, the insider now 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 available at the SEC website. In other CompoSecure news, insider Adam Joseph Lowe sold 45,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $11.06, for a total transaction of $497,700.00. Following the transaction, the insider now owns 1,292,219 shares in the company, valued at $14,291,942.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jonathan Wilk sold 618,014 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total transaction of $4,666,005.70. Following the transaction, the chief executive officer now owns 618,013 shares in the company, valued at approximately $4,665,998.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,867,586 shares of company stock worth $82,870,442. Insiders own 74.99% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. CWM LLC increased its position in CompoSecure by 205.9% during the second quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after acquiring an additional 2,461 shares during the last quarter. Rhumbline Advisers increased its stake in CompoSecure by 17.3% in the 2nd quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock worth $133,000 after buying an additional 2,877 shares during the period. Bank of New York Mellon Corp lifted its holdings in CompoSecure by 16.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 50,031 shares of the company’s stock valued at $340,000 after buying an additional 6,891 shares in the last quarter. Sandia Investment Management LP purchased a new stake in CompoSecure in the 2nd quarter valued at about $68,000. Finally, Ritholtz Wealth Management bought a new position in CompoSecure in the 2nd quarter worth about $84,000. 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.