Needham & Company LLC Reaffirms “Buy” Rating for CompoSecure (NASDAQ:CMPO)

CompoSecure (NASDAQ:CMPO)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a report issued on Monday,Benzinga reports. They currently have a $16.00 price objective on the stock. Needham & Company LLC’s price objective suggests a potential upside of 12.44% from the stock’s current price.

Several other equities analysts have also issued reports on CMPO. Benchmark lifted their target price on shares of CompoSecure from $12.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Compass Point boosted their target price on CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Bank of America raised their price target on CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. increased their price objective on shares of CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Finally, Lake Street Capital lifted their target price on shares of CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, CompoSecure has an average rating of “Moderate Buy” and a consensus target price of $15.79.

CompoSecure Stock Up 0.7 %

NASDAQ CMPO opened at $14.23 on Monday. The stock’s 50 day moving average is $13.92 and its 200 day moving average is $9.98. The firm has a market capitalization of $1.17 billion, a PE ratio of -32.11, a P/E/G ratio of 1.03 and a beta of 0.76. CompoSecure has a twelve month low of $4.61 and a twelve month high of $16.14.

CompoSecure (NASDAQ:CMPO) last released its earnings results 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 return on equity of 11.78% and a net margin of 6.33%. The business had revenue of $107.14 million during the quarter, compared to analysts’ expectations of $105.11 million. During the same period in the prior year, the company earned $0.24 earnings per share. On average, research analysts anticipate that CompoSecure will post 1.04 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Gregoire Maes sold 50,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $11.04, for a total transaction of $552,000.00. Following the transaction, the chief operating officer now directly owns 762,009 shares of the company’s stock, valued at $8,412,579.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other CompoSecure news, COO Gregoire Maes sold 50,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $11.04, for a total transaction of $552,000.00. Following the completion of the sale, the chief operating officer now directly owns 762,009 shares in the company, valued at $8,412,579.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam Joseph Lowe sold 5,730 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $12.05, for a total transaction of $69,046.50. Following the completion of the transaction, the insider now owns 1,292,219 shares in the company, valued at $15,571,238.95. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,691,727 shares of company stock worth $80,922,824. 74.99% of the stock is owned by insiders.

Institutional Trading of CompoSecure

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of CompoSecure by 46.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,162 shares of the company’s stock valued at $970,000 after acquiring an additional 21,793 shares during the period. Islay Capital Management LLC purchased a new position in shares of CompoSecure during the 3rd quarter valued at $633,000. Bard Associates Inc. boosted its holdings in CompoSecure by 0.6% in the 3rd 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. Wolverine Asset Management LLC purchased a new stake in CompoSecure in the 3rd quarter worth $74,000. Finally, Principal Financial Group Inc. bought a new stake in CompoSecure during the third quarter valued at about $146,000. Hedge funds and other 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.