CompoSecure (NASDAQ:CMPO – Get Free Report) had its price target raised by stock analysts at B. Riley from $18.00 to $23.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s target price suggests a potential upside of 61.63% from the stock’s previous close.
Several other equities research analysts also recently issued reports on the stock. Lake Street Capital raised their price objective on shares of CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Needham & Company LLC restated a “buy” rating and issued a $16.00 price target on shares of CompoSecure in a research note on Monday. Bank of America upped their price objective on CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Benchmark boosted their target price on shares of CompoSecure from $12.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. raised their price target on shares of CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.79.
View Our Latest Analysis on CMPO
CompoSecure Trading Up 0.7 %
CompoSecure (NASDAQ:CMPO – Get Free Report) last released its quarterly earnings data on Friday, November 8th. The company reported $0.27 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 net margin of 6.33% and a negative return on equity of 11.78%. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Analysts predict that CompoSecure will post 1.04 EPS for the current fiscal year.
Insider Transactions at CompoSecure
In related news, Director Michele Logan sold 10,017,983 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $75,635,771.65. Following the sale, the director now directly owns 2,043,320 shares of the company’s stock, valued at $15,427,066. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Jonathan Wilk sold 618,014 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $4,666,005.70. Following the completion of the transaction, the chief executive officer now directly owns 618,013 shares in the company, valued at approximately $4,665,998.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michele Logan sold 10,017,983 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $75,635,771.65. Following the sale, the director now owns 2,043,320 shares in the company, valued at $15,427,066. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,691,727 shares of company stock valued at $80,922,824. Corporate insiders own 74.99% of the company’s stock.
Hedge Funds Weigh In On CompoSecure
Several large investors have recently bought and sold shares of CMPO. Vanguard Group Inc. boosted its position in 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 buying an additional 13,081 shares during the period. Boston Partners lifted its holdings 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 during the period. Pacific Ridge Capital Partners LLC grew its stake in shares of CompoSecure by 146.9% in the second 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. Bard Associates Inc. increased its holdings in CompoSecure by 0.6% in the third quarter. Bard Associates Inc. now owns 305,247 shares of the company’s stock valued at $4,280,000 after purchasing an additional 1,957 shares during the period. Finally, Rice Hall James & Associates LLC bought a new position in shares of CompoSecure during the third quarter worth about $3,766,000. 37.56% of the stock is currently owned by 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.
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