B. Riley Issues Pessimistic Outlook for CompoSecure Earnings

CompoSecure, Inc. (NASDAQ:CMPO) – Stock analysts at B. Riley reduced their FY2024 earnings per share estimates for CompoSecure in a research report issued on Monday, November 11th. B. Riley analyst H. Goetsch now anticipates that the company will post earnings per share of $1.03 for the year, down from their previous estimate of $1.09. B. Riley has a “Buy” rating and a $23.00 price target on the stock. The consensus estimate for CompoSecure’s current full-year earnings is $1.02 per share. B. Riley also issued estimates for CompoSecure’s Q4 2024 earnings at $0.24 EPS and FY2025 earnings at $1.08 EPS.

CompoSecure (NASDAQ:CMPO) last released its earnings results on Friday, November 8th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). The company had revenue of $107.14 million for the quarter, compared to the consensus estimate of $105.11 million. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. During the same period in the prior year, the firm posted $0.24 EPS.

Other equities analysts also recently issued reports about the stock. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price target on shares of CompoSecure in a report on Monday. Compass Point upped 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. Benchmark reiterated a “buy” rating and issued a $17.00 target price on shares of CompoSecure in a research note on Tuesday. Bank of America increased their price target on shares of CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. raised 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, CompoSecure currently has an average rating of “Moderate Buy” and an average price target of $15.79.

CompoSecure Stock Up 1.5 %

CMPO stock opened at $13.94 on Wednesday. The firm’s fifty day simple moving average is $14.02 and its two-hundred day simple moving average is $10.06. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -31.09, a price-to-earnings-growth ratio of 1.13 and a beta of 0.76. CompoSecure has a twelve month low of $4.61 and a twelve month high of $16.14.

Insider Activity at CompoSecure

In other CompoSecure news, CEO Jonathan Wilk sold 618,014 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $4,666,005.70. Following the sale, the chief executive officer now directly owns 618,013 shares of the company’s stock, valued at approximately $4,665,998.15. This represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Joseph Lowe sold 5,730 shares of CompoSecure stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $12.05, for a total value of $69,046.50. Following the transaction, the insider now owns 1,292,219 shares of the company’s stock, valued at $15,571,238.95. The trade was a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,641,727 shares of company stock valued at $80,370,824 in the last ninety days. Company insiders own 74.99% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of CompoSecure by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 843,476 shares of the company’s stock worth $6,098,000 after purchasing an additional 13,081 shares during the period. Woodson Capital Management LP acquired a new stake in shares of CompoSecure in the third quarter valued at about $10,795,000. Boston Partners increased its stake in shares of CompoSecure by 40.8% during the first quarter. Boston Partners now owns 557,136 shares of the company’s stock worth $4,028,000 after purchasing an additional 161,333 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its position in shares of CompoSecure by 146.9% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock worth $3,308,000 after purchasing an additional 289,451 shares during the last quarter. Finally, Progeny 3 Inc. purchased a new position in CompoSecure in the 3rd quarter valued at about $5,243,000. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

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.