Brokerages Set CompoSecure, Inc. (NASDAQ:CMPO) Price Target at $16.81

Shares of CompoSecure, Inc. (NASDAQ:CMPO) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the company, Marketbeat.com reports. One 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 updated their coverage on the stock in the last year is $16.81.

CMPO has been the topic of several analyst reports. Lake Street Capital increased their price objective on CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Needham & Company LLC reissued a “buy” rating and issued a $16.00 target price on shares of CompoSecure in a report on Monday, November 11th. JPMorgan Chase & Co. increased their target price on CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Benchmark reissued a “buy” rating and issued a $17.00 target price on shares of CompoSecure in a report on Tuesday, November 12th. Finally, TD Cowen started coverage on CompoSecure in a report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 target price on the stock.

Insiders Place Their Bets

In other CompoSecure news, COO Gregoire Maes sold 55,137 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.40, for a total transaction of $904,246.80. Following the transaction, the chief operating officer now owns 762,009 shares of the company’s stock, valued at approximately $12,496,947.60. This trade represents a 6.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam Joseph Lowe sold 66,350 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $15.91, for a total value of $1,055,628.50. Following the transaction, the insider now directly owns 1,358,692 shares in the company, valued at approximately $21,616,789.72. The trade was a 4.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 180,660 shares of company stock valued at $2,921,066. 74.99% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CompoSecure

Several hedge funds have recently made changes to their positions in the company. Tyro Capital Management LLC purchased a new position in shares of CompoSecure during the third quarter worth about $27,978,000. Woodson Capital Management LP purchased a new position in shares of CompoSecure during the third quarter worth about $10,795,000. Concentric Capital Strategies LP purchased a new position in shares of CompoSecure during the third quarter worth about $5,445,000. Progeny 3 Inc. purchased a new position in shares of CompoSecure during the third quarter worth about $5,243,000. Finally, Pacific Ridge Capital Partners LLC grew its holdings in shares of CompoSecure by 146.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock worth $3,308,000 after buying an additional 289,451 shares during the last quarter. Hedge funds and other institutional investors own 37.56% of the company’s stock.

CompoSecure Trading Up 3.4 %

Shares of NASDAQ CMPO opened at $14.59 on Monday. The stock has a market cap of $1.29 billion, a P/E ratio of -33.16, a PEG ratio of 2.66 and a beta of 0.77. CompoSecure has a 12-month low of $4.61 and a 12-month high of $17.03. The business’s fifty day simple moving average is $15.43 and its 200-day simple moving average is $12.86.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). The company had revenue of $107.14 million during the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $0.24 earnings per share. On average, equities analysts forecast that CompoSecure will post 1.02 EPS for the current fiscal 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.