CompoSecure (NASDAQ:CMPO) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of CompoSecure (NASDAQ:CMPO) in a research note released on Tuesday,Benzinga reports. Needham & Company LLC currently has a $15.00 price target on the stock.

A number of other research firms have also weighed in on CMPO. Lake Street Capital dropped their price target on shares of CompoSecure from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. JPMorgan Chase & Co. lowered their price objective on shares of CompoSecure from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.19.

CompoSecure Price Performance

CMPO opened at $12.28 on Tuesday. The company’s 50-day moving average is $10.89 and its 200 day moving average is $13.77. CompoSecure has a fifty-two week low of $5.98 and a fifty-two week high of $17.71. The firm has a market capitalization of $1.26 billion, a P/E ratio of -27.91, a PEG ratio of 2.63 and a beta of 0.87.

CompoSecure (NASDAQ:CMPO) last released its quarterly earnings results on Monday, May 12th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. The company had revenue of $103.90 million for the quarter, compared to analyst estimates of $103.22 million. On average, equities research analysts expect that CompoSecure will post 1.02 earnings per share for the current year.

Insider Transactions at CompoSecure

In other CompoSecure news, Director Resolute Compo Holdings Llc bought 233,070 shares of CompoSecure stock in a transaction dated Thursday, February 20th. The stock was purchased at an average price of $16.57 per share, for a total transaction of $3,861,969.90. Following the completion of the purchase, the director now directly owns 879,963 shares of the company’s stock, valued at approximately $14,580,986.91. This trade represents a 36.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam Joseph Lowe sold 5,000 shares of CompoSecure stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.01, for a total transaction of $55,050.00. Following the completion of the transaction, the insider now owns 1,481,036 shares of the company’s stock, valued at $16,306,206.36. The trade was a 0.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 483,235 shares of company stock worth $7,609,920 and sold 34,340 shares worth $430,701. Corporate insiders own 74.99% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in CompoSecure during the fourth quarter valued at approximately $526,000. JPMorgan Chase & Co. grew its stake in CompoSecure by 555.0% during the third quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company’s stock valued at $728,000 after acquiring an additional 44,018 shares in the last quarter. Truist Financial Corp grew its stake in CompoSecure by 286.9% during the fourth quarter. Truist Financial Corp now owns 48,368 shares of the company’s stock valued at $741,000 after acquiring an additional 35,868 shares in the last quarter. Principal Financial Group Inc. grew its stake in CompoSecure by 9.3% during the fourth quarter. Principal Financial Group Inc. now owns 11,399 shares of the company’s stock valued at $175,000 after acquiring an additional 967 shares in the last quarter. Finally, 12th Street Asset Management Company LLC purchased a new position in CompoSecure during the fourth quarter valued at approximately $6,945,000. 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.